...adding to subsection (n), as amended, a new paragraph to read as follows : "(4) Until July 1, 1936, whenever in the judgment of the board of directors...Corporation and will facilitate a merger or consolidation, or facilitate the sale of the assets of an insured bank to and assumption of its liabilities by another...

...amended, a new paragraph to read as follows : "(4) Until July 1, 1936, whenever in the judgment of tlie board of directors such action will reduce the risk...Corporation and will facilitate a merger or consolidation, or facilitate the sale of the assets of an insured bank to and assumption of its liabilities by another...

...Pursuant to the provisions of the Banking Act of 1935 permitting loans and purchases of assets when "such action will reduce the risk or avert a threatened...consolidation of an insured bank with another insured bank," the Corporation has made loans aggregating $7,482,242.77 to 12 banks and has purchased assets amounting...

...Pursuant to the provisions of the Banking Act of 1935 permitting loans and purchases of assets when "such action will reduce the risk or avert a threatened...consolidation of an insured bank with another insured bank," the Corporation has made loans aggregating $7,482,242.77 to 12 banks and has purchased assets amounting...

...section to which Mr. Brown referred were read. Mr. CROWLEY. That section reads: Until July 1, 1936, whenever in the judgment of the board of directors such action will reduce the risk or avert threatened loss to the Corporation, and will facilitate a merger or consolidation of an insured bank...

...subsection (n) of section 12B of the Federal Reserve Act, as amended: (4) [Until July 1, 1038, whenever] Whenever in the judgment of the board of directors...reduce the risk or avert a threatened loss to the CorII. Kepts., 75-3, vol. 2 U poration and will facilitate a merger or consolidation of an insured...

...for insured deposits. Under the law the Corporation is permitted to make such advances only where (1) such action will reduce the risk or avert a threatened loss to the Corporation, and (2) will facilitate the merger or consolidation of two insinui banks, or the sale of the assets of...

...for insured deposits. Under the law the Corporation is permitted to make such advances only where (1) such action will reduce the risk or avert a threatened loss to the Corporation, and (2) will facilitate the merger or consolidation of two insured banks, or the sale of the assets of...

...interest of Administrator in any asset acquired by him. (2) Whenever in the judgment of the Administrator such action will reduce the risk or avert a threatened loss to the fund and will facilitate a merger or consolidation of an insured credit union with another insured...

...assets from an insured bank in financial difficulty, without the requirement of a merger, whenever such action will reduce the risk or avert a threatened loss to the Corporation." The reasons for this recommendation may be found in the Annual Report for 1944 at page 9. In response...