Federal Land Banks, Banks for Cooperatives, Hearings Before Subcommittee No. 1 of ..., 81-1 on H.R. 3699 ...H.R. 848 ..., April 7 and May 4, 19491949 - 22 halaman |
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AGRICULTURE amended title 12 Amount closed amount of class ANDRESEN associations in Puerto bank for cooperatives Bank of Baltimore bill board of directors bond collateral branch bank capital stock Central Bank class C stock committee consolidated debentures deficiency judgment direct loans direct-loan borrower discharging the lien dividends effective date eligible to borrow Farm Credit Act Farm Credit Administration Farm Loan Act farm loan associations farm mortgage FARRINGTON Federal Farm Loan Federal land bank fiscal Governor guaranty fund credits hereby amended investment ISLEIB Land Bank Commissioner land bank loans land bank system lien of record Loans closed loans in Puerto Loss as percent national farm loan national farm-loan association NORRIS COTTON North Dakota O'SULLIVAN operation paid-in surplus par value paragraph of section patronage refunds payments Puerto Rico regional bank release of record revolving fund satisfying and discharging section 12 subscriptions to paid-in surplus fund thereof Treasury United
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Halaman 1 - Treasury shall cause all unexpended balances of appropriations which shall have remained upon the books of the Treasury for two fiscal years to be carried to the surplus fund and covered into the Treasury...
Halaman 17 - The engraved plates, dies, bed pieces, and other material executed in connection therewith shall remain in the custody of the Secretary of the Treasury. The...
Halaman 17 - States, and such guaranty shall be expressed on the face thereof, and such bonds 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.
Halaman 1 - ... the mortgage entitled to such credit. Whenever any such mortgage is paid in full, said registrar shall cause the same to be canceled and delivered to the proper land bank, which shall promptly satisfy and discharge the lien of record and transmit such canceled mortgage to the original maker thereof, or his heirs, administrators, executors, or assigns.
Halaman 15 - C stock an amount equal to not less than 10 nor more than 25 per centum, as prescribed by the board of directors of the 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 are payable...
Halaman 1 - That whenever any Federal land bank, or joint stock land bank, shall receive any interest, amortization or other payments upon any first mortgage or bond pledged as collateral security for the issue of farm loan bonds, it shall forthwith notify the farm loan registrar of the items so received. Said registrar shall forthwith cause such payment to be duly credited upon the mortgage entitled to such credit. Whenever any such mortgage is paid in full, said registrar shall cause the same to be canceled...
Halaman 17 - Authority 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 authority or control of the United States or of any officer or officers thereof.
Halaman 15 - Funds from the retirement of class A stock shall be paid into the revolving fund authorized by the Agricultural Marketing Act, as amended, and shall continue to be available for purchase of stock in the banks in accordance with the applicable statutory provisions. " (b) The provisions of subsection (a) hereof shall apply in all respects to stock of the central bank for cooperatives, except that class...
Halaman 15 - 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...