Amendments to Federal Home Loan Bank Act: Hearings Before the Committee on Banking and Currency, House of Representatives, Eighty-first Congress, Second Session, on H.R. 6743, a Bill to Amend the Federal Home Loan Bank Act, as Amended, and Title IV of the National Housing Act, as Amended, and for Other Purposes

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Considers legislation to revise. Federal home loan bank and FSLIC borrowing authority, and to revise FSLIC capital stock retirement procedures.
 

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Page 3 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the bank.
Page 2 - Treasury is authorized to purchase any obligations of the corporation to be issued under this section, and for such purpose the Secretary of the Treasury is Authorized to use as a public debt transaction the proceeds...
Page 3 - The Secretary of the Treasury, in his discretion, is authorized to purchase any obligations of the Corporation issued hereunder, and for such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of the Corporation's obligations hereunder.
Page 2 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 40 - Section 603 (a) of the National Housing Act, as amended, is amended by striking out "June 30,1947" wherever appearing therein and inserting in lieu thereof "March 31,1948".
Page 3 - The Corporation is authorized to borrow from the Treasury, and the Secretary of the Treasury is authorized and directed to loan to the Corporation on such terms as may be fixed by the Corporation and the Secretary, such funds as in the judgment of the Board of Directors of the Corporation are from time to time required for insurance purposes, not exceeding in the aggregate $3,000,000,000 outstanding at any one time...
Page 1 - SEC. 16. The Agricultural Adjustment Act, as amended, is amended by the addition of the following new section numbered "20": " SEC. 20. (a) Whoever in connection with the purchase of, or offer to purchase, any commodity, subject to any tax under this title, or which is to be subjected to any tax under this title, makes any statement, written or oral, (1) intended or calculated to lead any person to...
Page 2 - Treasury is authorized to use as a public debt transaction the proceeds of the sale of any securities hereafter issued under the Second Liberty Bond Act, as now or hereafter in force, and the purposes...
Page 2 - ... obligations of the United States, ^2) deposits in banks or trust companies, (3) advances with a maturity of not to exceed one year which are made to members or nonmember borrowers, upon such terms and conditions as the board may prescribe, and (4) advances with a maturity of not to exceed one year which are made to members or nonmember borrowers whose creditor liabilities (not including advances from the Federal Home Loan Bank) do not exceed 5 per centum of their net assets, and which may be...
Page 9 - ... an amount, equal to the current deposits received from its members and from nonmember borrowers, invested in (1) obligations of the United States, (2) deposits in banks or trust companies, (3) advances with maturity not greater than one year made to members or nonmember borrowers, upon such terms and conditions as the board may prescribe, and (4) advances with maturity...

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