Retirement of Government Capital in Central and Regional Banks for Cooperatives, Hearings Before ..., 80-2 on H.R. 6301 (reported), February 26 and 27, and April 9, 1948
1948 - 96 стор.
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able addition agencies agriculture American amount ANDRESEN approval associations authority Bankers banks for cooperatives basis believe bill board of directors bonds borrow central bank CHAIRMAN class C stock commercial banks committee Congress continue Corporation course credit banks Davis debentures deposits direction dividends dollars DUGGAN fact Farm Credit Administration farmers Federal feel financing FLANNAGAN FULLER funds further GARSTANG Goss Government capital Governor GRANGER Gross HEINKEL increase institutions interest invest issued land banks legislation lending loans marketing mean meet ment O'NEILL objective operating organizations ownership PACE paid percent period possible present production proposed purchase question reason regional banks representative reserves retain retired revolving fund securities sell sound statement structure surplus thing tion tives Treasury understand United vote
Сторінка 5 - For such purpose such obligations may be acquired (1) on original issue at par, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under the Second Liberty Bond Act, as amended, are hereby extended to authorize the issuance at par of special obligations exclusively to the Trust Fund.
Сторінка 5 - 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.
Сторінка 2 - A stock, preferred as to assets in the event of liquidation, may be issued only to the Governor of the Farm Credit Administration on behalf of the United States and represents the investment of the United States in such bank.
Сторінка 34 - To establish a Federal Farm Board to promote the effective merchandising of agricultural commodities in interstate and foreign commerce, and to place agriculture on a basis of economic equality with other industries.
Сторінка 88 - Association, the American Farm Bureau Federation, the National Grange, the National Farmers Union, the National Council of Farmer Cooperatives, and the Allied Farm Machinery Manufacturers Association.
Сторінка 3 - ... (b) Patronage refunds The patronage refunds of each regional bank for cooperatives shall be paid in class C stock to borrowers, as defined by the Farm Credit Administration for the purposes of this subsection, during the fiscal year for which the refunds are declared. Patronage refunds of the Central Bank for Cooperatives shall be paid in class C stock to the regional banks for cooperatives upon the basis of interests held by the central bank in loans made by the regional banks and upon direct...
Сторінка 5 - ... custodian or custodians of such collateral who shall have power subject to such rules and regulations as the Administration may prescribe to approve and accept substitutions of collateral. The total amount of such consolidated debentures plus any outstanding individual debentures of the Central Bank which may be issued and outstanding at any time shall not exceed eight times the capital and surplus of the Central and regional banks for cooperatives.
Сторінка 93 - ... bank with the approval of the Farm Credit Administration, of the amount of interest payable by it to the bank during the calendar quarter. Payments for such stock shall be made quarterly or when the regular interest payments of the borrower...
Сторінка 31 - The committee will adjourn until 10 o'clock tomorrow morning. (Whereupon, at 12 : 05 pm, the committee adjourned, to reconvene at 10 am, Wednesday, May 8, 1957. ) NATURAL GAS ACT (Regulation of Producers...
Сторінка 3 - B stock that was issued during or prior to that fiscal year has been called for retirement. (b) Guaranty fund subscriptions in lieu of stock If a cooperative association is not authorized under the laws of the State in which it is organized to take stock in the bank, the bank shall, in lieu thereof, require the association to pay into or have on deposit in a guaranty fund of the bank, or the bank may retain out of the amount of the loan and credit to the guaranty fund, a sum equal to the amount of...