To Provide for the Regulation of the Issuance and Sale of Debt Obligations by Bank Holding Companies and Their Subsidiaries: Hearing, Ninety-third Congress, Second Session, on H.R. 15869 ...U.S. Government Printing Office, 1974 - 114 pages |
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Page 42
... inflation on the assumption that you can- not finally cope with it I think is a serious error . Mr. BARRETT . Would you want to answer my first question ? Will the Chairman of Fed be the culprit or will he ultimately de- velop as the ...
... inflation on the assumption that you can- not finally cope with it I think is a serious error . Mr. BARRETT . Would you want to answer my first question ? Will the Chairman of Fed be the culprit or will he ultimately de- velop as the ...
Page 46
... inflation , is it not ? How do you square that with the Treasury's repeated statement that it is against inflation ? It looks to me as if you are for inflation . Mr. SCHMULTS . We are certainly against inflation ; however , we also ...
... inflation , is it not ? How do you square that with the Treasury's repeated statement that it is against inflation ? It looks to me as if you are for inflation . Mr. SCHMULTS . We are certainly against inflation ; however , we also ...
Page 52
... inflation , and our inability to control our money supply is directly due to Federal deficit spending ; this deficit spend- ing is forcing the Treasury Department into the monetary market to an excessive degree , paying extremely high ...
... inflation , and our inability to control our money supply is directly due to Federal deficit spending ; this deficit spend- ing is forcing the Treasury Department into the monetary market to an excessive degree , paying extremely high ...
Page 55
... inflation . If inflation is reduced , both of these problems will be substantially lessened . Mr. WYLIE . All right , then , the real problem at the present time is the management of our public debt . In other words , we are just ...
... inflation . If inflation is reduced , both of these problems will be substantially lessened . Mr. WYLIE . All right , then , the real problem at the present time is the management of our public debt . In other words , we are just ...
Page 56
... inflation . I think so far as interest rates are concerned , it is perfectly clear that , when you have inflation running at 10 percent , no one is going to loan out money at less than that . He is losing money ; he is losing his ...
... inflation . I think so far as interest rates are concerned , it is perfectly clear that , when you have inflation running at 10 percent , no one is going to loan out money at less than that . He is losing money ; he is losing his ...
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Common terms and phrases
American Bankers Association assets authority bank holding companies Banking and Currency banks and thrift BARRETT believe billion BOMAR ceilings certificates Chairman Chase Manhattan Corp Citicorp and Chase Citicorp issue Citicorp note commercial banks commercial paper committee CONGRESS THE LIBRARY Corporation debt depositors deposits disintermediation economic Federal Home Loan Federal Reserve Board Federal Reserve System FRENZEL funds going GOLDFINGER Governor Mitchell high interest rates Holding Company Act Home Loan Bank home mortgages housing market inflation insured investment investors issuance issuer July legislation LIBRARY OF CONGRES LIBRARY OF CONGRESS Loan Bank Board money market months MORTHLAND mutual savings banks note issues obligations PATMAN percent period permit problem proposed by Citicorp proposed Citicorp rate control rate of interest redemption regulation Q 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 - ... it may in its discretion bring an action, in the proper district court of the United States or the proper United States court of any territory or other place subject to the jurisdiction of the United States, to enjoin such acts or practices, and upon a proper showing a permanent or temporary injunction or restraining order shall be granted without bond.
Page 65 - Whenever it appears to any person authorized by the President to exercise authority under this title that any individual or organization has engaged, is engaged, or is about to engage in any acts or practices...
Page 63 - 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 63 - Organization" means a corporation, government or governmental subdivision or agency, trust, estate, partnership, cooperative, or association. (12) "Payable in instalments...
Page 63 - 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 63 - 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 63 - 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 - General to bring an action in the appropriate district court of the United States to enjoin such acts or practices, and upon a proper showing a temporary restraining order or a preliminary or permanent injunction shall be granted without bond. Any such court may also issue mandatory injunctions commanding any person to comply with any such order or regulation.
Page 65 - For any willful violation of any requirement of this part, the Secretary may assess upon any domestic financial Institution, and upon any partner, director, officer or employee thereof who willfully participates In the violation, a civil penalty not exceeding $1,000.
Page 65 - In the event of the failure of any person to pay a penalty imposed pursuant to subsection (c), a civil action for the recovery thereof, may, in the discretion of the head of the department or agency concerned, be brought in the name of the United States.