Increase Borrowing Power of Commodity Credit Corporation: Hearings Before ... , 83-2 on H.R. 7339 ... , February 25 and 26, 1954

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1954 - 115 lappuses
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104. lappuse - States, and such guaranty shall be expressed on the face thereof, and such obligations 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 the authority or control of the United States or any officer or officers thereof.
104. lappuse - With the approval of the Secretary of the Treasury, the Commodity Credit Corporation is authorized to issue and have outstanding at any one time, bonds, notes, debentures, and other similar obligations in an aggregate amount not exceeding $500,000,000.
104. lappuse - Such obligations shall be fully and unconditionally guaranteed both as to interest and principal by the United States...
104. lappuse - Such bonds 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 corporation, with the approval of the Secretary of the Treasury.
38. lappuse - If there are any questions I would be glad to answer them. (The statement of Mr.
1. lappuse - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 4 of the Act approved March 8, 1938 (52 Stat. 108), as amended, is hereby amended by deleting the term "$3,000,000,000" and inserting in lieu thereof the term "$5,000,000,000".
103. lappuse - Such bonds shall be fully and unconditionally guaranteed both as to interest and principal by the United States, and such guaranty shall be expressed on the face thereof...
104. lappuse - The Corporation shall at all times reserve a sufficient amount of its authorized borrowing power which, together with other funds available to the Corporation, will enable it to purchase, in accordance with its contracts with lending agencies, notes, or other obligations evidencing loans made by such agencies under the Corporation's programs.
104. lappuse - USC 714b(bJ.) (i) May borrow money subject to any provision of law applicable to the Corporation: Provided, That the total of all money borrowed by the Corporation, other than trust deposits and advances received on sales, shall not at any time exceed in the aggregate $25,000,000,000.
112. lappuse - BPA has indicated it desires to build. Therefore, the Company has already offered BPA wheeling capacity equal to what BPA could handle if it did have a single long-distance 500,000 volt line. It would be appreciated if this letter could be Included in the hearing record at an appropriate point Sincerely yours, ROMAN L.

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