Intermediate Credit Corporation: Hearings ... Seventy-fourth Congress, First Session on H.R. 5918, a Bill to Provide for the Creation of an Intermediate Credit Corporation for Commerce and Industry, to Aid in Financing Small and Medium Sized Commercial and Industrial Establishments, and for Other Purposes, Partie 1U.S. Government Printing Office, 1935 - 204 pages |
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Page 15
Up to that time the Reconstruction Finance Corporation disbursed $ 17,142,098 out of the $ 300,000,000 authorized by the Congress on June 19 , 1934 , which is a little less than 6 percent of that amount . After the Federal Reserve banks ...
Up to that time the Reconstruction Finance Corporation disbursed $ 17,142,098 out of the $ 300,000,000 authorized by the Congress on June 19 , 1934 , which is a little less than 6 percent of that amount . After the Federal Reserve banks ...
Page 16
I reś cently had this argument from banks that they only require 80 percent for dollars loaned . The R. F. C. is requiring from 5 to 10 times what they do . My experience of 30 days in the R. F. C. is that there is not an experienced ...
I reś cently had this argument from banks that they only require 80 percent for dollars loaned . The R. F. C. is requiring from 5 to 10 times what they do . My experience of 30 days in the R. F. C. is that there is not an experienced ...
Page 30
The very fact that less than 1 percent of the amount authorized has actually been disbursed in more tian 3 months of operation and but 5 percent in about 6tj months of operation in an indictment of the failure of the Federal Reserve ...
The very fact that less than 1 percent of the amount authorized has actually been disbursed in more tian 3 months of operation and but 5 percent in about 6tj months of operation in an indictment of the failure of the Federal Reserve ...
Page 31
With 40 percent of all banking being undertaken under the divergent laws of 48 States and the District of Columbia , the development of national policy with a view to solving national financial problems is virtually impossible .
With 40 percent of all banking being undertaken under the divergent laws of 48 States and the District of Columbia , the development of national policy with a view to solving national financial problems is virtually impossible .
Page 34
As has already been pointed out in a previous connection , approximately 20 percent of the manufacturers reporting on the subject have been using banks for long - term capital and for intermediate - term needs .
As has already been pointed out in a previous connection , approximately 20 percent of the manufacturers reporting on the subject have been using banks for long - term capital and for intermediate - term needs .
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able agency amount application appraisal association authority bank bankers BECKMAN believe bill Board bonds borrow building BULLOCK capital carry CAVICCHIA CHAIRMAN City closed committee concerns Congress Corporation course Credit Corporation DEATON establish experience fact Federal Reserve feel fellow Finance FORD GIFFORD give Government House industry institution interest intermediate credit Jones KENNEDY kind KOPPLEMANN lend less loans manufacturers MARTIN Marx matter mean Members merchants months mortgage necessary notes obligations operate organization paid particular passed percent plant possible practically present President probably question real estate reason received referred REILLY savings Sisson situation small business statement tell thing tion trying United Washington York