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" No institution shall be eligible to become a member of, or a nonmember borrower of, a Federal Home Loan Bank if, in the judgment of the board, its financial condition is such that advances may not safely be made to such institution or the character of... "
Housing Act of 1955, Hearing Before a Subcommitee of ..., 84-1 on S.789, S ... - Page 95
by United States. Congress. Senate. Banking Currency Committee - 1955 - 627 pages
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Hearings

United States. Congress. House. Committee on Rules - 1931 - 934 pages
...board, its financial condition is such that advances may not safely be made to such institution or the character of its management or its home-financing policy is inconsistent with sound mid economical home financing or with the purposes of this act. (b) An institution eligible to become...
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Home Loan Bank Bill: Hearings... on H.R. 12280

United States. Congress. House. Committee on Rules - 1932 - 50 pages
...board, its financial condition is such that advances may not safely be made to such institution or the character of its management or its home-financing policy is inconsistent with sound nnd economical home financing or with the purposes of this act. (b) An institution eligible to become...
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Proposed Repeal of the Federal Home Loan Bank Act, Hearings Before a ...

United States. Congress. Senate. Committee on Banking and Currency - 1933 - 130 pages
...Board, its financial condition is such that advances may not safely be made to such institution or the character of its management or its home-financing...economical home financing, or with the purposes of this act." (b) It will be observed from the above that the Federal Home Loan Bank Act imposes upon...
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National Housing Act, Hearings Before ..., 73-2 on S. 3603 ..., May 16-24, 1934

United States. Congress. Senate. Banking and Currency Committee - 1934 - 474 pages
...applicant if, in the judgment of the Trustees, the character of its management or its home financing policy is inconsistent with sound and economical home financing or with the purposes of this title. (b) (1) The insurance premium, payable upon acceptance of insurance by an applicant and...
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Independent Offices Appropriation Bill for 1938: Hearings Before the ...

United States. Congress. House. Committee on Appropriations - 1937 - 1180 pages
...must, in the judgment of the Federal Board, have a management and home-financing policy consistent with sound and economical home financing or with the purposes of the Federal Home Loan Bank Act. In order to present the consolidated Board program to the associations...
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Official Congressional Directory

United States. Congress - 1940 - 864 pages
...board, its financial condition is such that advances may not safely be made to such institutions, or the character of its management, or its home-financing...inconsistent with sound and economical home financing or the purposes of the Bank Act. The bank board passes upon admissions to membership and the removal or...
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Home Owners' Loan Acts and Housing Acts

United States - 1966 - 980 pages
...holders of its withdrawable accounts; or (iii) has a management or homefinancing policy of a character inconsistent with sound and economical home financing or with the purposes of this Act."; (2) by striking the period at the end of section 7 (a) and inserting a colon and the following...
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The Federal Home Loan Bank Act, as Amended: Home Owners' Loan Act of 1933 ...

United States - 1941 - 92 pages
...board, its financial condition is such that advances may not safely be made to such institution or the character of its management or its home-financing...economical home financing, or with the purposes of this Act, (b) An institution eligible to become a member or a nonmember borrower under this section...
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United States Code, Volume 3

United States - 1971 - 1248 pages
...authorizing removal of a member Institution which has a management or home-financing policy of a character Inconsistent with sound and economical home financing or with the purposes of this chapter. I960— Subeec. (I). Act June 27, 1950. added subsec. (I). 1936 — Subsec. (k). Act...
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Official Congressional Directory

United States. Congress - 1948 - 944 pages
...savings bank, if, in the judgment of the Bank Board, its time deposits warrant making such loans). or its home-financing policy is inconsistent with sound and economical home financing or the purposes of the act. The Board may promulgate such rules, regulations, and orders as shall be necessary...
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