Federal Home Loan Bank Board and Federal Savings and Loan Insurance Corporation, a Study of Relationaships: Staff Report [of] Subcommittee on Housing, Pursuant to S. Res. 160
U.S. Government Printing Office, 1956 - 121 pages
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accounts action activities additional adequate administrative advances agencies agents amount Answer applications appointed appropriate approval areas assets authority believe borrowing branch Budget capital changes Committee communities Comptroller Congress considered continued created Currency Department deposits desirable direct directors district Division effect established examination existing expenses Federal associations Federal Home Loan Federal home-loan banks Federal Savings FHLBB FSLIC functions funds Government hearings home financing Home Loan Bank Housing increase independent institutions insured associations interest investment issue June loan associations Loan Bank Board Loan Bank System Loan Insurance Corporation member institutions million mortgage necessary officers operations opinion organization percent policies practice present President procedures promote protection question reason recommendations regional regulations relating relationship Reorganization Plan respect responsibility result Savings and Loan Senate separate separate management served sound State-chartered supervision supervisory tion Treasury trustees United
Page 81 - Government in the field of home finance is with the Federal Home Loan Bank Board. 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. The Federal Home Loan Bank System is designed to provide a credit reservoir for thrift and home financing institutions.
Page 34 - Budget shall deem to be necessary in order to effectuate the transfers referred to in subsection (a) of this section shall be carried out in such manner as he shall direct and by such agencies as he shall designate. SEC. 5. Interim officers, (a) The President may authorize any person who immediately prior to the effective date of this reorganization plan...
Page 33 - Prepared by the President and transmitted to the Senate and the House of Representatives in Congress assembled, April 24, 1958, pursuant to the provisions of the Reorganization Act of 1949, approved June 20, 1949, as amended CIVILIAN MOBILIZATION SECTION 1.
Page 98 - Washington, the Acting Comptroller of the Currency shall be a member of the Board of Directors in the place and stead of the Comptroller. In the event of a vacancy in the office of the Chairman of the Board of Directors, and pending the appointment of his successor, the Comptroller of the Currency shall act as Chairman.
Page 15 - The Corporation shall reject the application of any applicant if it finds that the capital of the applicant is impaired or that its financial policies or management are unsafe ; and the Corporation may reject the application of any applicant if it finds that the character of the management of the applicant or its home financing policy is inconsistent with economical home financing or with the purposes of this title.
Page 48 - The Corporation may reject the application of any applicant if it finds that the character of the management of the applicant or its home -financing policy is inconsistent with economical home-financing or with the purposes of insurance of accounts.
Page 33 - The rates of compensation fixed for these officers are, respectively, those which I have found to prevail in respect of comparable officers in the executive branch of the Government.
Page 47 - Corporation shall deem, necessary in connection with such insurance, and (2) if the insurance is granted, to permit and pay the cost of such examinations as in the judgment of the Corporation may from time to time be necessary for its protection and the protection of other insured institutions, to permit the Corporation to have access to any information or report with respect to any examination made by any public regulatory authority and to furnish any additional information with respect thereto...
Page 41 - To enable the Board to encourage local thrift and local home financing and to promote, organize, and develop the associations herein provided for or similar associations organized under local laws, there is hereby authorized to be appropriated out of any money in the Treasury not otherwise appropriated, the sum of $150,000, to be immediately available and remain available until expended, subject to the call of the Board, which sum, or so much thereof as may be necessary, the Board is authorized...
Page 34 - SEC. 2. The said powers shall be exercised by the Secretary of Defense, subject to the direction and control of the President of the United States. In the exercise of this authority the Secretary of Defense shall encourage the development of an effective and responsible Ryukyuan government, based on democratic principles and supported by a sound financial structure, shall make every effort to improve the welfare and well-being of the inhabitants...