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
Results 1-5 of 14
Page 5
... objectives of the National Housing Act by encouraging an extension of the insurance coverage and a broader base for public confidence . These provisions of the bill are , in our judgment , desirable and in the public interest . In ...
... objectives of the National Housing Act by encouraging an extension of the insurance coverage and a broader base for public confidence . These provisions of the bill are , in our judgment , desirable and in the public interest . In ...
Page 9
... objectives . And that is that all of that temporary housing , built at such substantial economy of dollars and critical materials , will be demolished . We will not sell it , but it will be torn down . That is in the interest of the ...
... objectives . And that is that all of that temporary housing , built at such substantial economy of dollars and critical materials , will be demolished . We will not sell it , but it will be torn down . That is in the interest of the ...
Page 28
... objectives and at provisions which would have lent further liquidity to the shares of such institutions . In the bills or series of bills which followed , some of the provisions specifically opposed by the Board were changed and some ...
... objectives and at provisions which would have lent further liquidity to the shares of such institutions . In the bills or series of bills which followed , some of the provisions specifically opposed by the Board were changed and some ...
Page 30
... objectives of the Federal Home Loan Bank System whereby Federal savings and loan associations and similar institutions would supply the need for local mutual thrift and home financing institutions , and Federal home - loan banks would ...
... objectives of the Federal Home Loan Bank System whereby Federal savings and loan associations and similar institutions would supply the need for local mutual thrift and home financing institutions , and Federal home - loan banks would ...
Page 40
... objective was to secure public examination and inspection of associations for the protection of savers and home owners . Both of these objectives have long ago been accomplished . This league has stood firmly for the local , private ...
... objective was to secure public examination and inspection of associations for the protection of savers and home owners . Both of these objectives have long ago been accomplished . This league has stood firmly for the local , private ...
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...