Relief to Farm Loan Borrowers: Hearing[s] Before Committee on Banking and Currency, House of Representatives, Seventy-first Congress, Third Session, on H. R. 16217 to Amend Section 32 of the Act of Congress Approved July 17, 1915, Known as the Federal Farm Loan Act |
Common terms and phrases
90 days Accounts payable Accounts receivable assets BANKHEAD BESTOR bill Capital stock carrying value cent CHAIRMAN committee compiled from reports Congress debentures December 31 default deferred expenses deposits for matured estate sales contracts farm loan act farm loan associations Farm loan bonds farmers Federal Farm Loan Federal intermediate credit Federal land banks foreclosed foreclosure Gross mortgage loans Houston installments or second Interest accrued intermediate credit banks Joint Stock Land joint-stock land banks Less mortgages Less on hand Less partial payments Less payments Less reserve Less sold liabilities Loan Board loan bonds matured matured or called mortgages not assumed national farm loan Notes receivable optional sales contracts Orleans outstanding payments on principal Prepaid and deferred principal of delinquent Purchase money real estate redemption repurchase agreement reserve for real second mortgages sold under repurchase Spokane Statements of condition STEAGALL STEVENSON Stock Land Bank subject to optional Total Treasury unmatured
Popular passages
Page 109 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 105 - The first lien is for 50 per cent of the appraised value of the land and 20 per cent of the appraised value of the permanent, insured improvements, and is made in all respects the same as to any other borrower.
Page 37 - Act. — (1) To discount for, or purchase from, any national bank, and/or any State bank, trust company, agricultural credit corporation, incorporated live-stock loan company, savings institution, cooperative bank, cooperative credit or marketing association of agricultural producers, organized under the laws of any State...
Page 37 - ... or other such obligation the proceeds of which have been advanced or used in the first instance for any agricultural purpose...
Page 4 - ... the employers utilizing such worker to such extent and in such manner and under such terms and conditions as the Secretary of Labor may by regulation or otherwise prescribe.
Page 38 - Loans, advances, or discounts made under this section shall have a maturity at the time they are made or discounted by the Federal intermediate credit bank of not less than six months nor more than three years.
Page 60 - ... to any one borrower and shall be subject to the restrictions and provisions of this Act, except that each such branch bank may loan direct to borrowers, and subject to such regulations as the Federal Farm Loan Board may prescribe, the rate charged borrowers may be...
Page 124 - That farm loan bonds issued under the provisions of this Act by Federal land banks or joint stock land banks shall be a lawful investment for all fiduciary and trust funds, and may be accepted as security for all public deposits.
Page 104 - Act shall have been in effect one year, it shall appear to the Federal Farm Loan Board that national farm loan associations have not been formed, and are not likely to be formed, in any locality, because of peculiar local conditions, said board may, in its discretion, authorize Federal land banks to make loans on farm lands through agents approved by said board.
Page 38 - ... be purchased from or discounted for any other corporation engaged in making loans for agricultural purposes or for the raising, breeding, fattening...