Cancellation of Capital Stock of the Federal Deposit Insurance Corporation, Hearings Before ..., 80-1 on S. 1070 ..., May 12-13, and June 13, 19471947 - 69 lappuses |
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Accounting Office amended U. S. C. American Bankers Association assessment rate audit Banking and Currency BENNETT bill billion dollars Board of Directors Board of Governors budget cancellation capital and surplus capital funds capital stock cash CHAIRMAN COCKE committee print Comptroller Congress Corporation Control Act debt Deposit Insurance Corporation depositors earnings FDIC Federal Deposit Insurance Federal Reserve Act Federal Reserve banks Federal Reserve System feel Government bonds Government Corporation Control HARL income insured banks January or July letter liability liquidation losses matter operations percent period position present President proposal question rate from one-twelfth ratio recommendation reduce the premium retirement risk assets Secretary Section 12B Senator BRICKER Senator BUCK Senator CAIN Senator CAPEHART Senator FLANDERS Senator ROBERTSON Senator SPARKMAN Senator VANDENBERG small banks statement submit substandard assets suggestion thing tion TOBEY Treasury twenty-fourth UNITED STATES SENATE Washington WIGGINS
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68. lappuse - The board of directors of the corporation shall determine and prescribe the manner in which its obligations shall be incurred and its expenses allowed and paid.
68. 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.
67. lappuse - Cong., 1st sess.] [Omit the part in black brackets and Insert the part printed In italic] A BILL To provide for the administration of the United States courts, and for other purposes...
67. lappuse - ... the Secretary of the Treasury and the Board of Governors of the Federal Reserve System, establish an advisory committee under the Federal Advisory Committee Act (5 USC App.).
68. 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.
59. lappuse - The budget program shall be a business-type budget, or plan of operations, with due allowance given to the need for flexibility, including provision for emergencies and contingencies, in order that the corporation may properly carry out its activities as authorized by law.
63. lappuse - Corporation required each Federal Reserve bank to pay an amount equal to one-half of its surplus on January 1, 1933, as a subscription to the capital stock of the Corporation.
67. lappuse - 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.
1. lappuse - The amount of notes, debentures, bonds, or other such obligations which the Corporation is authorized and empowered to issue and to have outstanding at any one time under...
68. lappuse - The Corporation is authorized to borrow from the 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, such funds as in the judgment of the Board of Directors of the Corporation are from time to time required for insurance purposes, not exceeding in the aggregate $3,000,000,000 outstanding at any one time...