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Accounting activities addition advance agency amended amount appropriation approved assets authority banks believe bill borrowing building capital CHAIRMAN commitments committee Congress connection construction continue correct cost course Department determine directors dollars effect existing expense extent Fannie Federal National Mortgage figure follows functions funds further give going GOODLOE Government income insurance companies interest investment June 30 KENYON language lending letter limitation lines loans loss mean months National Mortgage Association necessary notes obligations Office operations outstanding paid participation percent period position preferred preferred stock present proposed purchase question reason recommendations Reconstruction Finance Corporation record represent respect result retirement securities Senate situation statement suggested surplus TALLE term thing tion Treasury United Veterans
Page 6 - ... income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency or possession thereof, or by any State, county, municipality or local taxing authority ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 95 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended...
Page 3 - Chairman, and three additional persons appointed by the President of the United States by and with the advice and consent of the Senate. Of the five members of the Board, not more than three shall be members of any one political party.
Page 74 - The report shall also show specifically any program, expenditure, or other financial transaction or undertaking observed in the course of the audit, which, in the opinion of the Comptroller General, has been carried on or made without authority of law.
Page 4 - 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 assist...
Page 74 - ... a statement of sources and application of funds ; and such comments and information as may be deemed necessary to keep Congress informed of the operations and financial condition of the Commission, together with such recommendations with respect thereto as the Comptroller General may deem advisable.
Page 6 - The corporation, including its franchise, its capital, reserves, and surplus, .and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing 72d CONGRESS.
Page 6 - Corporation, its franchise, loans and other assets, its capital stock, its surplus, its reserves, and its income, shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or...
Page 2 - Corporation"). The principal office of the Corporation shall be located in the District of Columbia, but there may be established agencies or branch offices in any city or cities of the United States under rules and regulations prescribed by the board of directors.