Retirement of Government Capital in Central and Regional Banks for Cooperatives, Hearings Before ..., 80-2 on H.R. 6301 (reported), February 26 and 27, and April 9, 19481948 - 96 lappuses |
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25 percent addition agencies Agricultural Marketing Act American Bankers Association American Farm Bureau ANDRESEN approval banks for cooperatives believe bill board of directors capital stock capital structure Capper-Volstead Act central and regional central bank CHAIRMAN class C stock commercial banks committee Congress cooperative associations cooperative banks DAVIS depositors dollars DUGGAN Farm Board Farm Bureau Federation Farm Credit Administration farm credit system farm organizations farmer cooperatives FDIC Federal Deposit Insurance Federal Farm Board Federal land banks financing FLANNAGAN FULLER GARSTANG gentleman yield Goss Government bonds Government capital Governor Grain Cooperatives GRANGER GROSS HEINKEL interest rate intermediate credit banks invest legislation lending ment million Missouri Farmers Associations O'NEILL operating outstanding PACE paid patronage refunds pay interest period POAGE present proposed purchase regional banks retire the Government revolving fund statement thing tion tives Treasury vote
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5. 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.
5. 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.
2. lappuse - A stock, preferred as to assets in the event of liquidation, may be issued only to the Governor of the Farm Credit Administration on behalf of the United States and represents the investment of the United States in such bank.
34. lappuse - To establish a Federal Farm Board to promote the effective merchandising of agricultural commodities in interstate and foreign commerce, and to place agriculture on a basis of economic equality with other industries.
88. lappuse - Association, the American Farm Bureau Federation, the National Grange, the National Farmers Union, the National Council of Farmer Cooperatives, and the Allied Farm Machinery Manufacturers Association.
3. lappuse - ... (b) Patronage refunds The patronage refunds of each regional bank for cooperatives shall be paid in class C stock to borrowers, as defined by the Farm Credit Administration for the purposes of this subsection, during the fiscal year for which the refunds are declared. Patronage refunds of the Central Bank for Cooperatives shall be paid in class C stock to the regional banks for cooperatives upon the basis of interests held by the central bank in loans made by the regional banks and upon direct...
5. lappuse - ... custodian or custodians of such collateral who shall have power subject to such rules and regulations as the Administration may prescribe to approve and accept substitutions of collateral. The total amount of such consolidated debentures plus any outstanding individual debentures of the Central Bank which may be issued and outstanding at any time shall not exceed eight times the capital and surplus of the Central and regional banks for cooperatives.
93. lappuse - ... bank with the approval of the Farm Credit Administration, of the amount of interest payable by it to the bank during the calendar quarter. Payments for such stock shall be made quarterly or when the regular interest payments of the borrower...
31. lappuse - The committee will adjourn until 10 o'clock tomorrow morning. (Whereupon, at 12 : 05 pm, the committee adjourned, to reconvene at 10 am, Wednesday, May 8, 1957. ) NATURAL GAS ACT (Regulation of Producers...
3. lappuse - B stock that was issued during or prior to that fiscal year has been called for retirement. (b) Guaranty fund subscriptions in lieu of stock If a cooperative association is not authorized under the laws of the State in which it is organized to take stock in the bank, the bank shall, in lieu thereof, require the association to pay into or have on deposit in a guaranty fund of the bank, or the bank may retain out of the amount of the loan and credit to the guaranty fund, a sum equal to the amount of...