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adjustment agency agriculture amended amount application approval authority basis believe bill BLACK board of directors bonds borrower capital carry claim Commissioner committee Congress cooperative Corporation cost debt deferments determine district effect elected extensions fact Farm Credit Administration Farm Loan Farm Loan Act farm-loan associations farmers Federal land bank foreclosure give going Government Governor guaranteed income increased installment interest issued judgment July loan associations losses mean meet national farm-loan necessary operation organization paid payments percent period practically present President principal problem production purchase question reason received record reduced refinancing release represent result Secretary Senator BANKHEAD Senator MILLER Senator WHEELER SHORT sound statement suggested surplus thing tion Treasury United
Page 288 - 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...
Page 126 - Notwithstanding the provisions of section 32 of the Emergency Farm Mortgage Act of 1933, as amended...
Page 259 - Mr. MYLANDER. Mr. Chairman, and gentlemen of the committee; my name is Charles H. Mylander. I am vice president of the Huntington National Bank of Columbus, Ohio. For several years I have been a member of the committee on Federal legislation of the American Bankers' Association and it is in that capacity, as Mr.
Page 295 - First. To issue, subject to the approval of the Federal Farm Loan Board, and to sell farm loan bonds of the kinds authorized in this Act, to buy the same for its own account, and to retire the same at or before maturity.
Page 114 - ... and no payment of the principal portion of any installment of any such loan shall be required during such five-year period if the borrower shall not be in default with respect to any other condition or covenant of his mortgage.
Page 295 - ... as security for a loan, examining and certifying the title thereof, and making, executing and recording the mortgage papers; and in addition may allow said agents not to exceed one-half of...
Page 287 - All obligations issued by the Authority shall be lawful investments, and may be accepted as security for all fiduciary, trust, and public funds, the investment or deposit of which shall be under authority or control of the United States or of any officer or officers thereof.
Page 2 - ... the bonds of the Corporation acquired by him under this section. All redemptions, purchases, and sales by the Secretary of the Treasury of the bonds of the Corporation shall be treated as publicdebt transactions of the United States. With the approval of the Secretary of the Treasury, the Corporation shall have power to purchase such bonds in the open market at any time and at any price.
Page 287 - Such obligations shall be in such forms and denominations, shall have such maturities, shall bear such rates of interest, shall be subject to such terms and conditions, and shall be issued in such manner and sold at such prices as may be prescribed by the Commodity Credit Corporation, with the approval of the Secretary of the Treasury.