To Provide for the Regulation of the Issurance and Sale of Debt Obligations by Bank Holding Companies and Their Subidiaries: Hearing Before ... , 93-2 on H.R. 15869 ... , July 15, 19741974 - 114 pages |
From inside the book
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Page 29
... cost and availability of credit . Our institutions , whatever the future may be , will have greater ability to deal with the rapidly changing market conditions and the evolution of our economy . Let me stress that it is by relaxing and ...
... cost and availability of credit . Our institutions , whatever the future may be , will have greater ability to deal with the rapidly changing market conditions and the evolution of our economy . Let me stress that it is by relaxing and ...
Page 33
... costs artifi- cially low . The administrative interest ceilings placed upon Federal Housing Administration - insured and Veterans Administration - guaranteed mortgage loans have resulted in the widespread use of " points " and the ...
... costs artifi- cially low . The administrative interest ceilings placed upon Federal Housing Administration - insured and Veterans Administration - guaranteed mortgage loans have resulted in the widespread use of " points " and the ...
Page 36
... cost and lengthen the average maturity of Citi- corp's funds . In its original form and in its presently revised form , the issue is also designed to appeal to a broad range of investors and savers . These include many who have been ...
... cost and lengthen the average maturity of Citi- corp's funds . In its original form and in its presently revised form , the issue is also designed to appeal to a broad range of investors and savers . These include many who have been ...
Page 46
... cost involved in terms of the fight against inflation . With respect to the thrift institutions and the housing industry , there may well have to be some subsidized loans from the Treasury to the Federal Home Loan Bank Board , and the ...
... cost involved in terms of the fight against inflation . With respect to the thrift institutions and the housing industry , there may well have to be some subsidized loans from the Treasury to the Federal Home Loan Bank Board , and the ...
Page 47
... cost factor or stop being pious about the small saver . Let me turn to Governor Mitchell . The Fed obviously did a 180 - degree switch here in a few days . From my kaleidoscopic reading of the press , you were against this issue for a ...
... cost factor or stop being pious about the small saver . Let me turn to Governor Mitchell . The Fed obviously did a 180 - degree switch here in a few days . From my kaleidoscopic reading of the press , you were against this issue for a ...
Common terms and phrases
American Bankers Association assets authority bank holding companies Banking and Currency banks and thrift BARRETT believe billion BOMAR borrowings ceilings certificates Chairman Chase Manhattan Corp Citicorp and Chase Citicorp issue Citicorp note commercial banks commercial paper committee Congress Corporation debt depositors disintermediation economic effect Federal Home Loan Federal Reserve Board Federal Reserve System FRENZEL funds going GOLDFINGER Government Governor Mitchell high interest rates Holding Company Act Home Loan Bank home mortgages housing market inflation insured investment investors issuance issuer July legislation Loan Bank Board money market months mortgage market MORTHLAND mutual savings banks note issues obligations offering Patman percent period permit problem proposed by Citicorp proposed Citicorp rate control rate of interest redemption regulation Q REUSS ROUSSELOT savings and loan SCHMULTS securities small saver ST GERMAIN statement subsidiaries term Thank thrift institutions tion Treasury bill rates units WIDNALL WRIGHT PATMAN
Popular passages
Page 65 - States ; and he may require any su.ch person engaged in any such transaction to furnish, under oath, complete information relative thereto, including the production of any books of account, contracts, letters or other papers, in connection therewith in the custody or control of such person, either before or after such transaction is completed.
Page 64 - credit sale" refers to any sale with respect to which credit is extended or arranged by the seller. The term includes any contract in the form of a bailment or lease if the bailee or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the property and services involved and it is agreed that the bailee or lessee will become, or for no other or...
Page 64 - Organization" means a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association. (12) "Payable in instalments...
Page 64 - organization" means a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association. ( d ) The term "person" means a natural person or an organization. (e) The term "credit...
Page 64 - Definitions and rules of construction (a) The definitions and rules of construction set forth in this section are applicable for the purposes of this title. (b) The term "Board" refers to the Board of Governors of the Federal Reserve System. (c) The term "organization" means a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association.
Page 65 - ... minimum original cash payments, temporary credits which are merely incidental to cash purchases, payment or deposits usable to liquidate credits, and other adjustments or special situations. (10) prescribe maximum ratios, applicable to any class of either creditors or borrowers or both, of...
Page 64 - These regulations may contain such classifications, differentiations, or other provisions, and may provide for such adjustments and exceptions for any class of transactions, as in the judgment of the Board are necessary and proper to effectuate the purposes of this title, and prevent circumvention or evasion thereof, or to facilitate compliance therewith.
Page 65 - Whenever the President determines that such action is necessary or appropriate for the purpose of preventing or controlling inflation generated by the extension of credit in an excessive volume, the President may authorize the Board to regulate and control any or all extensions of credit.
Page 65 - ... established; and, without limiting the generality of the foregoing, such regulations may require transactions or persons or classes thereof to be registered or licensed; may prescribe appropriate limitations, terms, and conditions for such registrations or licenses; may provide for suspension of any such registration or license for violation of any provision thereof or of any regulation, rule, or order prescribed...
Page 64 - State" refers to any State, the Commonwealth of Puerto Rico, the District of Columbia, and any territory or possession of the United States. (1) Any reference to any requirement imposed under this title of any provision thereof includes reference to the regulations of the Board under this title or the provision thereof in question. Sec. 203. Regulations The Board shall prescribe regulations to carry out the purposes of this...