Farm Credit Act of 1956: Hearings Before a Subcommittee of ..., 84-2 on S. 3549, S. 3550, and S. 3564 ..., April 23 and 24, 19561956 - 207 páginas |
Términos y frases comunes
agencies agricultural credit amended BAGWELL banks for cooperatives believe bill borrowers Bureau capital stock Chairman class A stock committee Congress Corporation Control Act debentures directors discount dividends draft earnings effective date Farm Credit Act Farm Credit Administration Farm Credit Board Farm Credit District farm credit system Farm Loan farmer ownership farmer-owned farmers and ranchers Federal Board Federal Farm Credit Federal intermediate credit Federal land banks feel FICB's financing institutions Government capital HALVORSON interest rates intermediate credit banks investment lending liquidation livestock mediate credit banks ment merged institution merger OFI's operation organization outstanding paid participation certificates patronage refunds PCA's percent present President production credit associations production credit corporations production credit system purchase recommendations rediscount retirement of Government revolving fund RIGGLE Senator HOLLAND Senator HUMPHREY Senator MUNDT statement stock and participation supervision surplus and reserves Thank users words production credit
Pasajes populares
Página 2 - If any provision of this Act or the application thereof to any person or circumstance is held invalid, the remainder of the Act and the application of such provisions to other persons or circumstances shall not be affected thereby.
Página 142 - All patronage refunds shall be paid in the proportion that the amount of interest earned on the loans of each borrower bears to the total interest earned on the loans of all borrowers during the fiscal year.
Página 59 - D, the Board of Governors of the Federal Reserve System hereby prescribes the following reserve balances which each member bank of the Federal Reserve System is required to maintain on deposit with the Federal Reserve Bank of its district...
Página 53 - Farm Credit Act of 1953. This act directed the Board to make recommendations to the Congress for carrying into effect the declared policy to increase borrower participation in the management, control, and ultimate ownership of the permanent system of agricultural credit made available through the banks and associations operating under the supervision of the Farm Credit Administration.
Página 146 - The last sentence of paragraph "Seventh" of section 5136 of the Revised Statutes, as amended, is further amended by inserting before the colon after the words "national mortgage associations" a comma and the following: "or obligations of the Industrial Loan Corporation".
Página 145 - The exemption provided herein shall not apply with respect to any Production Credit Association or its property or income after the stock held in it by the Production Credit Corporation has been retired, or with respect to...
Página 143 - The Federal intermediate credit banks, when chartered and established, shall have power, subject solely to the restrictions, limitations, and conditions contained In this Act or as may be prescribed by the Farm Credit Administration not Inconsistent with the provisions of this Act — (1) to discount for, or purchase from, any production credit...
Página 5 - 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.
Página 143 - Act — (1) to discount for, or purchase from, any production credit association organized under the Farm Credit Act of 1933, as amended, with its endorsement, any note, draft, or other such obligation presented by such association; and to make loans and advances to any such association secured by such collateral as may be approved by the Governor of the Farm Credit Administration...