Inquiry Into the Operation of the Reconstruction Finance Corporation and Its Subsidiaries Under Senate Resolution 132: Hearings Before a Special Subcommittee of the Committee on Banking and Currency, United States Senate, Eightieth Congress, First [and Second] Session, on S. Res. 132, a Resolution for an Inquiry Into the Operation of the Reconstruction Finance Corporation and Its SubsidiariesU.S. Government Printing Office, 1948 - 615 pages |
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Common terms and phrases
activities Administration agreement amount answer applications approved assets assistant manager authority believe Board of Directors BODMAN borrower business enterprises business loans capital Chairman Chicago Vitreous committee Congress cost Defense Plant Corporation deferred participation Department disbursed DODDS dollars Douglass Buck ECCLES emergency equipment exhibit Federal Reserve banks Federal Reserve System funds going GOODLOE Government guarantee HERZ HOGENSON interest investment June 30 lending liquidation Loan Agency loans to business losses Lustron Corp MARTIN ment MUIR MUNGALL National Bank national defense Navy old Lustron operations outstanding percent Plants Corporation prefabricated houses preferred stock present production purchase purpose question reason Reconstruction Finance Corporation RFC Act RFC's secondary market Secretary SNYDER securities Senator BRICKER Senator BUCK Senator CAPEHART Senator FULBRIGHT Senator MAYBANK small business statement STEVENS STRANDLUND tion Treasury U. S. Commercial Company vice president Vitreous Enamel
Popular passages
Page 150 - Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining for himself or for any applicant any loan or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release, or substitution, of security therefor...
Page 150 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 149 - ... to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended...
Page 562 - Territories, and subdivisions and agencies thereof, municipalities, peoples utility districts and cooperative, nonprofit, or limited-dividend associations organized under the laws of any State or Territory of the United States, for the purpose of financing the construction and operation of generating plants, electric transmission and distribution lines or systems for the furnishing of electric energy to persons in rural areas who are not receiving central station service: Provided, however, That...
Page 147 - For the purposes of this resolution the committee, or any duly authorized subcommittee thereof, is authorized to hold such hearings, to sit and act at such times and places during the sessions, recesses, and adjourned periods of the...
Page 151 - If any provision of this Act, or the application of such provision to any person or circumstances, shall be held invalid, the remainder of this Act, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
Page 147 - The expenses of the committee under this resolution, which shall not exceed $ , shall be paid from the contingent fund of the Senate upon vouchers approved by the chairman of the committee.
Page 224 - The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts, dividend requirements...
Page 148 - Federal ; to select, employ, and fix the compensation of such officers, employees, attorneys, and agents as shall be necessary for the transaction of the business of the corporation, without regard to the provisions of other laws applicable to the employment and compensation of officers or employees of the United States...
Page 149 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligation of the Bank.