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HEARING

BEFORE

THE COMMITTEE ON AGRICULTURE HOUSE OF REPRESENTATIVES

SEVENTY-SIXTH CONGRESS

THIRD SESSION

ON

H. R. 8748

TO REDUCE PERMANENTLY THE INTEREST RATES ON FEDERAL LAND BANK AND LAND BANK COMMISSIONER LOANS; TO RELIEVE FEDERAL LAND BANK BORROWERS OF STOCK LIABILITY; TO PLACE THE FEDERAL LAND BANKS ON A SELFSUPPORTING BASIS; TO REFUND AND GUARANTEE THE BONDS OF SUCH BANKS; TO INCREASE THE FUNCTIONS AND RESPONSIBILITIES OF NATIONAL FARM-LOAN ASSOCIATIONS AND COUNTY COMMITTEES OF FARMERS; TO PROVIDE FOR THE ADJUSTMENT AND REFINANCING OF FARM-MORTGAGE DEBTS; TO LIMIT THE INSTITUTION OF FORECLOSURE PROCEEDINGS AND THE TAKING OF DEFICIENCY JUDGMENTS; AND FOR OTHER PURPOSES

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Statement of-

CONTENTS

Bell, Hon. Daniel W., Under Secretary of the Treasury.
Benson, Ezra T., executive secretary, National Council of Farmer
Cooperatives___

Page

319

431

433

Doak, W. B., Clifton, Va.-

524

Houston, Paul, vice president, Peoples Savings Bank, Cedar Rapids,
Iowa...

494

Goss, Albert S., retiring Land Bank Commissioner

Lee, John E., Áttorney, Farm Credit Administration_

107

McConnaughey, R. K., general counsel, Farm Credit Administration_
Marsh, Benjamin, Peoples Lobby, Washington, D. C...

85

510

Bankers' Association, Columbus, Ohio...

441, 468

Taber, L. J., master, National Grange, Columbus, Ohio-
Thatcher, M. W., National Farmers Union legislative committee, St.
Paul, Minn.__

345

77,97

247, 275

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