Federal Building Loans, Hearing Before ... 66-1 on S.2492 .... |
From inside the book
Results 1-5 of 14
Page 1
... TION MORTGAGES ; TO CREATE GOVERNMENT DEPOSITORIES AND FINANCIAL AGENTS FOR THE UNITED STATES ; TO FUR- NISH A MARKET FOR GOVERNMENT BONDS , AND FOR OTHER PURPOSES Printed for the use of the Committee on Banking and Currency WASHINGTON ...
... TION MORTGAGES ; TO CREATE GOVERNMENT DEPOSITORIES AND FINANCIAL AGENTS FOR THE UNITED STATES ; TO FUR- NISH A MARKET FOR GOVERNMENT BONDS , AND FOR OTHER PURPOSES Printed for the use of the Committee on Banking and Currency WASHINGTON ...
Page 6
... tion of term of office , by appointment until the next regular election by the shareholders . Sixth . To prescribe by its board of directors , subject to the supervision , regu- lation , and approval of the superintendent of Federal ...
... tion of term of office , by appointment until the next regular election by the shareholders . Sixth . To prescribe by its board of directors , subject to the supervision , regu- lation , and approval of the superintendent of Federal ...
Page 7
... tion otherwise provided , a reasonable allowance for necessary expenses in attending meetings of their respective boards , such expenses to be paid by the Federal building loan bank . CAPITAL STOCK OF THE FEDERAL BUILDING LOAN BANKS ...
... tion otherwise provided , a reasonable allowance for necessary expenses in attending meetings of their respective boards , such expenses to be paid by the Federal building loan bank . CAPITAL STOCK OF THE FEDERAL BUILDING LOAN BANKS ...
Page 8
... tion to the amount invested in such shares . Such shares shall not be trans- ferable , except that a member which is not liable to the Federal building loan bank for any obligation , direct or contingent , may transfer all or part of ...
... tion to the amount invested in such shares . Such shares shall not be trans- ferable , except that a member which is not liable to the Federal building loan bank for any obligation , direct or contingent , may transfer all or part of ...
Page 15
... tion . There are some associations , for instance , some that I know of in New York City , with which I am connected , that would not lend money on a more than two - family dwelling . They are per- mitted to do so , but , as a matter of ...
... tion . There are some associations , for instance , some that I know of in New York City , with which I am connected , that would not lend money on a more than two - family dwelling . They are per- mitted to do so , but , as a matter of ...
Common terms and phrases
Adair amount approved assets asso bill board of directors bond or coupon borrow money build homes building and loan building associations building loan bank building loan registrar building of homes capital stock cent ciations committee condition Congress depositories Detroit district dwelling house exemption from taxation falsely altered farm loan Federal building loan Federal building-loan banks Federal reserve act Federal Reserve System funds Government HAYMAKER HENNESSY increase invest issue of Federal KEESLER labor land bank LINNETT loan associations loan bonds issued long-time member association mortgage loans mortgages deposited national banks North Dakota operation organization certificate paid payment prescribe rate of interest real estate reserve account ROSENTHAL savings banks schedule Secretary semiannually Senator CALDER Senator GRONNA Senator NEWBERRY Senator PENROSE shortage of homes small loans superintendent of Federal taxes thereof tion to-day Treasury United States league York
Popular passages
Page 9 - Treasury shall require of the associations thus designated satisfactory security, by the deposit of United States bonds and otherwise, for the safe-keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the government...
Page 14 - First mortgages executed to Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and local taxation.
Page 16 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 15 - That if any person shall falsely make, forge, or counterfeit, or cause or procure to be made, forged, or counterfeited, or willingly aid or assist in falsely making, forging, or counterfeiting, any note in imitation of, or purporting to be...
Page 8 - Third. To make contracts. Fourth. To sue and be sued, complain and defend, in any court of law or equity, as fully as natural persons.
Page 16 - ... draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entry in any book, report...
Page 6 - Currency shall, within fifteen days from the time of notice of his appointment, take and subscribe the oath of office; and he shall give to the United States a bond in the penalty of one hundred thousand dollars, with not less than two responsible sureties, to be approved by the Secretary of the Treasury, conditioned for the faithful discharge of the duties of his office.
Page 10 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 6 - Treasury, shall devise a seal, with suitable inscriptions, for his office, a description of which, with a certificate of approval by the Secretary of the Treasury, shall be filed in the office of the Secretary of State...
Page 15 - ... or both ; and may be fined a further sum equal to the money so loaned or gratuity given.