Retirement of Capital Stock of the Federal Deposit Insurance Corporation: Hearings Before the Committee on Banking and Currency, House of Representatives, Eightieth Congress, First Session, on S. 1070, an Act to Provide for the Cancellation of the Capital Stock of the Federal Deposit Insurance Corporation and the Refund of Moneys Received for Such Stock, and for Other Purposes. July 1, 2, 8, and 14, 1947U.S. Government Printing Office, 1947 - 68 lappuses |
Bieži izmantoti vārdi un frāzes
amended American Bankers Association amount assessment rate authorized average banking system BANTA believe BENNETT bill billion dollars borrowing power BUCHANAN budget capital and surplus capital funds capital stock capital structure cash CHAIRMAN chartered COLE committee Comptroller Congress Congressman Cook Corporation's cost Crowley Deposit Insurance Cor Deposit Insurance Corporation depositors excess FDIC capital Federal Deposit Insurance Federal Reserve Act Federal Reserve banks Federal Reserve System further questions Government bonds HARL HAYS increase insured banks interest rate investment July June 30 KILBURN KUNKEL liquidation loans losses maturities McMILLEN ment Miss HELM MONRONEY mutual savings banks national banks noninsured number of banks one-twelfth operating PATMAN placed in receivership poration premium present rate of interest ratio received Reconstruction Finance Corporation reduction repealed risk assets SAILOR salary Secretary Senate short-term SPENCE statement subsidy TALLE tion total deposits Treasury WIGGINS
Populāri fragmenti
1. lappuse - Be it enacted by the Senate and Bouse of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Housing Amendments of 1957".
2. lappuse - The Secretary of the Treasury, in his discretion, is authorized to purchase any obligations of the Corporation issued hereunder, and for such purpose the Secretary of the 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, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of the Corporation's obligations hereunder.
20. lappuse - Are there any further questions? If not, thank you very much, gentlemen, for all of your appearances here today.
2. lappuse - For such purpose such obligations may be acquired (1) on original issue at par, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under the Second Liberty Bond Act, as amended, are hereby extended to authorize the issuance at par of special obligations exclusively to the Trust Fund.
1. lappuse - That the Federal Deposit Insurance Corporation is directed to retire its capital stock by paying the amount received therefor (whether received from the Secretary of the Treasury or the Federal Reserve Banks) to the Secretary of the Treasury as hereinafter provided, to be covered into the Treasury as miscellaneous receipts. As soon as practicable after the enactment of this Act, the Corporation shall pay to the Secretary so much of its capital and surplus as is in ex'cess of $1,000,000,000. The balance...
1. lappuse - Treasury, and the Secretary of the Treasury is authorized and directed to loan to the Corporation on such terms as may be fixed by the Corporation and the Secretary not to exceed $3 billion outstanding at any one time, when in the judgment of the Board of Directors of the Corporation such funds are required for insurance purposes.
1. lappuse - The Corporation is authorized to borrow from the Treasury, a,nd the Secretary of the Treasury is authorized and directed to loan to the Corporation on such terms as may be fixed by the Corporation and the Secretary, such funds as in the judgment of the...
31. lappuse - ... Leo T. Crowley, long-time Chairman of the Corporation, with whom many of the committee are acquainted, discusses this entire issue in the full text of the statement which we are submitting herewith. However, permit me to call your attention to certain pertinent excerpts from this statement: "* * * But in order that bank supervision may operate soundly, it must not only be freed from political control but must be allowed to operate evenly and without the interruptions and year-to-year changes...
2. lappuse - For such purpose the Secretary of the Treasury is authorized to use as a public-debt transaction the proceeds of the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under the Second Liberty Bond Act, as amended, are extended to include such loans. Any such loan shall be used by the Corporation solely in carrying out its functions with respect to such insurance. All loans and repayments under this section shall...
57. lappuse - The CHAIRMAN. Without objection, that will be done. (The matter referred to is as follows...