Amending Federal Home Loan Bank Act of 1933, as Amended: Hearing Before the Subcommittee of the Committee on Baniing and Currency, United States Senate, Seventy-eighth Congress, Second Session, on S. 756, S. 757, and S. 1034, Bills to Amend the Federal Home Loan Bank Act, as Amended, the Home Owners' Loan Act of 1933, as Amended, and the National Housing Act, Respectively. May 23, 1944U.S. Government Printing Office, 1945 - 77 pages |
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Page 2
... amount of his then outstanding hold- ings of such obligations under this subsection to an amount greater than three times the aggregate amount of the then outstanding capital stock , reserves , and surplus of , in the instance of ...
... amount of his then outstanding hold- ings of such obligations under this subsection to an amount greater than three times the aggregate amount of the then outstanding capital stock , reserves , and surplus of , in the instance of ...
Page 3
... amount of debentures which such banks are authorized to issue , and ( 3 ) authorize the Secretary of the Treasury to purchase and sell obligations issued by the Federal home - loan banks and the Federal Savings and Loan Insurance ...
... amount of debentures which such banks are authorized to issue , and ( 3 ) authorize the Secretary of the Treasury to purchase and sell obligations issued by the Federal home - loan banks and the Federal Savings and Loan Insurance ...
Page 4
... amount of funds provided by their shareholders or ( 2 ) to permit the withdrawal of share accounts when funds would not otherwise be available . Neither of these purposes is a suitable use of Treasury funds , and their authorization ...
... amount of funds provided by their shareholders or ( 2 ) to permit the withdrawal of share accounts when funds would not otherwise be available . Neither of these purposes is a suitable use of Treasury funds , and their authorization ...
Page 6
... amount of such accumulation , the ultimate loss of the Home Owners ' Loan Corporation and will have to be assumed by the Treasury of the United States . The determination as to whether the ultimate loss to the Home Owners ' Loan ...
... amount of such accumulation , the ultimate loss of the Home Owners ' Loan Corporation and will have to be assumed by the Treasury of the United States . The determination as to whether the ultimate loss to the Home Owners ' Loan ...
Page 7
... amount of liquid securities and a small portfolio of Government securities . In the second place , the pre- mium base in the case of insured banks , as a class , is much higher in relation to the aggregate amount of insurance in force ...
... amount of liquid securities and a small portfolio of Government securities . In the second place , the pre- mium base in the case of insured banks , as a class , is much higher in relation to the aggregate amount of insurance in force ...
Common terms and phrases
50-mile limit accumulated American Bankers Association amount assets Banking and Currency BLANDFORD BODFISH bonds capital stock Chairman Colonel LEE commercial banks Congress debenture base Deposit Insurance Corporation Eccles enactment FAHEY Federal Deposit Insurance Federal Home Loan Federal home-loan banks Federal Housing Administration Federal Reserve System Federal Savings funds home financing Home Loan Bank home mortgage Home Owners improved real estate insurance premium insured banks insured institutions insured savings investment legislation lending liquidation Loan Act loan associations Loan Bank Act Loan Bank Administration Loan Bank Board Loan Bank System Loan Corporation Loan Insurance Corporation Loan League loans on homes losses member institutions mortgage or obligation National Housing Act National Housing Agency objectives one-eighth one-twelfth Operating expenses permit premium charged premium rate premiums and fees proposed provision Savings and Loan Senator BUCK Senator DANAHER Senator RADCLIFFE share accounts statement surplus tion undivided profits United States Savings
Popular passages
Page 28 - The Secretary of the Treasury, in his discretion, is authorized to purchase any bonds issued hereunder, and for such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended, and...
Page 2 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 24 - Corporation issued hereunder, and for such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of the Corporation's obligations hereunder.
Page 66 - That agency performs functions dealing with the Federal Home Loan Bank System, the Federal Savings and Loan System, and the Federal Savings and Loan Insurance Corporation.
Page 6 - Federal Home Loan Bank Act", and the "Home Owners' Loan Act of 1933", Title 12 USCA § 1461 et seq.
Page 46 - ... effective date shall be exchanged and reissued at the rate of one share for each $100 paid into the Corporation for capital stock. The consideration received by the Corporation for the capital stock shall be allocated to capital and to surplus in such amounts as the board of directors shall prescribe. Such stock shall have no vote and shall not be entitled to the payment of dividends.
Page 25 - The Secretary of the Treasury shall not at any time purchase any obligations under this subsection if such purchase would increase the aggregate principal amount of his then outstanding holdings of such obligations under this subsection to an amount greater than $1,000,000,000.
Page 43 - I, the undersigned, Secretary of the above named Corporation, do hereby certify that the foregoing is a true and correct copy of a resolution duly adopted by the Board of Directors of...
Page 56 - Board is responsible for the operations of the Federal Home Loan Bank System, the Federal Savings and Loan Insurance Corporation, and the Home Owners
Page 57 - ... under Title I, or any other title or provision of the National Housing Act, as heretofore, now, or hereafter in force; and (2) In or upon which any guaranty or insurance, or as to which a commitment for guaranty or insurance thereof has been made, or as to which the insured institution has any guaranty or insurance, under the Servicemen's Readjustment Act of 1944 as heretofore, now, or hereafter in force...