Loans to Public Agencies and Business Enterprises by Reconstruction Finance Corporation: Hearings Before ... , 75-3 on H.R. 10055, (superseded by S. 3735) ... , March 29, 1938 |
Expressions et termes fréquents
agency amount answer application appraisal approved assure retirement audit authorized banker board of directors borrower branch banks broader power business enterprise buy stock cancelations capital cerned CHAIRMAN character loan character of loan collateral committee course CRAWFORD credit risk Detroit office Disaster Loan district existing law Federal Reserve System feudalists fixed investment FORD giving the money glad Government HAMILTON industrial loans investment banker investment banking JONES KOPPLEMANN language lend liberal line 14 loan applied loans to public maturity mean MEEKS ment money back mortgage opinion PATMAN percent plant preferred stock present law proposed act provision Public Works Administration question real-estate loans reasonably to assure Reconstruction Finance Corporation rediscount REILLY resolution retirement or repayment secured as reasonably sell sound value SPENCE talking things tion TRANSUE trying type of loan understand Wagner labor law WHITE WILLIAMS words
Fréquemment cités
Page 1 - Act, as amended, is amended — ( 1 ) by striking out the period at the end of "paragraph (5) "and inserting in lieu thereof "; and"; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to...
Page 1 - ... of such sound value or so secured as reasonably to assure retirement or repayment, and such loans may be made either directly or in cooperation with banks or other lending institutions through agreements to participate or by the purchase of participations or otherwise.
Page 1 - States" means the several States, the District of Columbia, the Commonwealth of Puerto Rico, and the possessions of the United States; (2) the term "local public bodies" includes municipalities and other political subdivisions of States; public agencies and instrumentalities of one or more States, municipalities, and political subdivisions of States; and public corporations, boards, and commissions established under the laws of any State; (3) the term "Administrator...
Page 32 - The Corporation is further authorized and empowered to purchase the securities and obligations of, and to make loans to, any business enterprise when capital or credit, at prevailing rates for the character of loan applied for, is not otherwise available...
Page 3 - January 31, 1945, shall be made only when deemed to offer reasonable assurance of continued or increased employment of labor, shall be made only when, in the opinion of the board of directors of the Corporation, the borrower is solvent, shall...
Page 1 - For the purpose of maintaining and promoting the economic stability of the country or encouraging the employment of labor...
Page 3 - For the purpose of maintaining and increasing the employment of labor, when credit at prevailing bank rates for the character of loans applied for is not otherwise available at banks, the Corporation is authorized and empowered to make loans to any industrial or commercial business, which shall include the fishing industry, established prior to January 1, 1934. Such loans shall ia the opinion of the board of directors of the Corporation...
Page 2 - The powers granted to the corporation by this section shall terminate on June 30, 1939, or on such earlier date as the President shall determine; but no provision of law terminating any of the functions of the Corporation shall be construed (1) to prohibit disbursement of funds on purchases of securities and obligations, on loans, or on commitments or agreements to make such purchases or loans, made under this section prior to the close of business on June 30, 1939, or such earlier date...
Page 3 - States, whose operations shall be necessary or contributory to the prosecution of the war (but only for the purpose of conducting such business in the United States and only when in the opinion of the board of directors of the Corporation such person, firm, corporation, or association is unable to obtain funds upon reasonable terms through banking channels or from the general public), for periods not exceeding...
Page 1 - State, or municipal law which are selfliquidating in character, such loans or contracts to be made through the purchase of their securities, or otherwise, and for such purpose the Reconstruction Finance Corporation is authorized to bid for such securities: Provided, That nothing herein contained shall...