To Provide Insurance for Accounts in State and Federally Chartered Credit Unions: Hearings Before ... , 91-2 on H.R. 18870 ... , September 10 and 11, 19701970 - 91 lappuses |
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account holder Adminis amended amount application for insurance ASCUS authority having supervision BARRETT Benny L bill capital Chairman chartered credit unions closed credit union closed insured credit committee community credit unions Credit Union Act Credit Union Administration credit union insured credit union members credit union movement Credit Union Share CUNA dividend dual chartering FDIC Federal credit unions Federal share insurance financial institutions GALIFIANAKIS GANNON GETTYS Huot income insolvency insurance protection insured accounts insured credit union insured State credit KASS legislation liquidating agent liquidating credit union loan associations losses low-income credit unions MACKINNON million MOORHEAD National Credit Union one-twentieth Panama Canal Zone payment percent proposed reserve requirements savings and loan section 205 share accounts Share Insurance Fund State-chartered credit unions subsection SULLIVAN sumer supervisor Thank tion trator Treasury Union Share Insurance United States Code unsafe or unsound Washington counsel WIDNALL Wright Patman
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2. lappuse - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities 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 such notes and obligations.
8. lappuse - States in any board, commission, independent establishment, or executive department thereof; "(5) employ experts and consultants or organizations thereof, as authorized by section 15 of the Administrative Expenses Act of 1946 (5 USC 55a...
12. lappuse - Such loans shall bear interest at a rate not less than a rate determined by the Secretary of the Treasury taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans, adjusted to the nearest one-eighth of 1 per centum, less not to exceed one-half of 1 per centum per annum.
6. lappuse - State banks. The proceeds of every such sale or loan shall be utilized for the same purposes and in the same manner, as other funds realized from the liquidation of the assets of such banks.
7. lappuse - Bank shall be a party shall be deemed to arise under the laws of the United States, and the district courts of the United States shall have original jurisdiction of any such action.
7. lappuse - Corporation unless such agreement (1) shall be in writing, (2) shall have been executed by the bank and the person or persons claiming an adverse interest thereunder, including the obligor, contemporaneously with the acquisition of the asset by the...
8. lappuse - ... regulating the manner in which its general business may be conducted, and the privileges granted to it by law may be exercised and enjoyed. Seventh. To exercise by its Board of Directors, or duly authorized officers or agents, all powers specifically granted by the provisions of this Act, and such incidental powers as shall be necessary to carry out the powers so granted.
4. lappuse - Currency or to the receiver of any national bank by reason of any such payment for failure to pay dividends to a claimant whose claim is not proved at the time of any such payment.
4. lappuse - Comptroller shall thereupon cause notice to be given, by advertisement in such newspapers as he may direct, for three consecutive months, calling on all persons who may have claims against such association to present the same, and to make legal proof thereof.
3. lappuse - Such reports of condition shall be in such form and shall contain such information as the Board of Governors of the Federal Reserve System may require and shall be published by the reporting banks in such manner and in accordance with such regulations as the said Board may prescribe.