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 |
From inside the book
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Page 5
... consideration by such institutions , particularly in view of the low interest rates on home loans which have prevailed in recent years . Much of the hesitancy on the part of uninsured institutions of the savings and loan type to apply ...
... consideration by such institutions , particularly in view of the low interest rates on home loans which have prevailed in recent years . Much of the hesitancy on the part of uninsured institutions of the savings and loan type to apply ...
Page 6
... consideration to the adoption of a uniform policy with respect to the payment of dividends or otherwise reimbursing the Federal Treasury for the use of public money . It was suggested that reimburse- ment might be made on the basis of ...
... consideration to the adoption of a uniform policy with respect to the payment of dividends or otherwise reimbursing the Federal Treasury for the use of public money . It was suggested that reimburse- ment might be made on the basis of ...
Page 7
... consideration . It is believed that such a plan for reimbursement might appropriately be substituted for the present requirement of dividend payments on the shares of the Federal Savings and Loan Insurance Corporation . Section 2 of ...
... consideration . It is believed that such a plan for reimbursement might appropriately be substituted for the present requirement of dividend payments on the shares of the Federal Savings and Loan Insurance Corporation . Section 2 of ...
Page 8
... consideration of this committee and the Congress . Specifically we have before us today three bills which generally are designed to facilitate the operations of the bank system and the savings and loan institutions in the post - war ...
... consideration of this committee and the Congress . Specifically we have before us today three bills which generally are designed to facilitate the operations of the bank system and the savings and loan institutions in the post - war ...
Page 20
... consideration by the Federal authorities ? Mr. FAHEY . Not that I know of . I think all of them ought to be obliged to insure . Senator RADCLIFFE . Mr. Fahey , I understand the surety companies have been having a low loss ratio for a ...
... consideration by the Federal authorities ? Mr. FAHEY . Not that I know of . I think all of them ought to be obliged to insure . Senator RADCLIFFE . Mr. Fahey , I understand the surety companies have been having a low loss ratio for a ...
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...