To Amend the Federal Home Loan Bank Act, Hearing Before a Subcommittee of ..., 76-3 S. 4095 and H.R. 6971 ..., June 11, 13, 18, 20, 1940 |
From inside the book
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Page 24
... but out - moded structures , providing only for four families , and in many cases for three families , if they are to be used today at all economically must be modernized and practically 24 AMEND THE FEDERAL HOME LOAN BANK ACT.
... but out - moded structures , providing only for four families , and in many cases for three families , if they are to be used today at all economically must be modernized and practically 24 AMEND THE FEDERAL HOME LOAN BANK ACT.
Page 25
... practically rebuilt . There is a large demand for small six - family apartments in some of our cities . We strike that in the case of the Home Owners ' Loan Corporation where we have had to take over some three- and four - family ...
... practically rebuilt . There is a large demand for small six - family apartments in some of our cities . We strike that in the case of the Home Owners ' Loan Corporation where we have had to take over some three- and four - family ...
Page 28
... practically to nothing until some time after the bank system was established . But its value has been recognized by these institutions , and behind them the people who entrust their money to them , to such an extent that it has grown to ...
... practically to nothing until some time after the bank system was established . But its value has been recognized by these institutions , and behind them the people who entrust their money to them , to such an extent that it has grown to ...
Page 30
... practically no possibility of loss in connection with them . They are the joint responsibility of all the banks and the security behind the loans of the banks , the advances which they make , being first mortgages . And not only that ...
... practically no possibility of loss in connection with them . They are the joint responsibility of all the banks and the security behind the loans of the banks , the advances which they make , being first mortgages . And not only that ...
Page 31
... practically limited the matter to 3 - month and 6 - month paper . I think you will recall that it was changed to apply to any security . Mr. FAHEY . The Banking Act of 1935 ; yes . Senator BROWN . I think I offered that amendment . But ...
... practically limited the matter to 3 - month and 6 - month paper . I think you will recall that it was changed to apply to any security . Mr. FAHEY . The Banking Act of 1935 ; yes . Senator BROWN . I think I offered that amendment . But ...
Common terms and phrases
American Bankers Association amount assets Attorney authorized board of trustees BODFISH bonds building and loan capital Chairman Eccles chartered collateral commercial banks committee debentures Deposit Insurance Corporation dividends FAHEY Federal associations Federal Deposit Insurance Federal Home Loan Federal home-loan bank Federal Reserve Act Federal Reserve Board Federal Reserve System Federal Savings Insurance funds Government hereafter amended Home Loan Bank Home Owners House bill insurance contract insurance premium insured account insured institution insured members investment legislation liquidation Loan Act loan associations Loan Bank Act Loan Bank Board Loan Bank System Loan Insurance Corporation member thereof mutual savings banks national banks National Housing Act person premium rate provision RANSOM real estate regulations savings and loan savings departments Savings Insurance Corporation securities Senator DANAHER Senator RADCLIFFE Senator TOWNSEND State-chartered institutions statement statute subpena subsection tion Treasury trial examiner United States Savings
Popular passages
Page 3 - Any person may be compelled to appear and depose and to produce documentary evidence in the same manner as witnesses may be compelled to appear and testify and produce documentary evidence before the commission as hereinbefore provided.
Page 6 - Board, on the ground that the testimony or evidence required of him may tend to incriminate him or subject him to a penalty or forfeiture ; but no Individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he Is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, except that such individual so testifying shall not be exempt from prosecution and punishment for...
Page 6 - States for the District of Columbia, within the jurisdiction of which the inquiry is carried on or within the jurisdiction of which said person guilty of contumacy or refusal to obey is found or resides or transacts business, upon application by the...
Page 116 - Whenever it shall appear to the Commission that any person is engaged or about to engage in any acts or practices which constitute or will constitute a violation...
Page 14 - Whoever makes any statement knowing it to be false or whoever willfully overvalues any security for the purpose of obtaining for himself or for any applicant any loan or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release or substitution of security therefor, or for the purpose of influencing in any way...
Page 6 - Board, its member, agent, or agency, there to produce evidence if so ordered, or there to give testimony touching the matter under investigation or in question; and any failure to obey such order of the court may be punished by said court as a contempt thereof.
Page 19 - Act, or the application of such provision to any . person or circumstance, shall be held invalid, the remainder of this Act, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby. SEC. 16. This Act may be cited as the "National Labor Relations Act.
Page 16 - Currency, or from the board of directors of such bank, except when ordered to do so by a court of competent jurisdiction, or by direction of the Congress of the United States, or of either House thereof, or any committee of Congress or of either House duly authorized. Any person violating any provision of this section shall be punished by a fine of not exceeding $5,000 or by imprisonment not exceeding one year, or both.
Page 117 - States courts of any Territory or other place subject to the jurisdiction of the United States, to enjoin such acts or practices and...
Page 16 - ... or both; and may be fined a further sum equal to the money so loaned or gratuity given; and shall forever thereafter be disqualified from holding office as a national bank examiner.