Increase the Public Debt Limit: Hearings, Eighty-fifth Congress, Second Session on H.R. 13580 and H.R. 13581U.S. Government Printing Office, 1958 - 49 pages |
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$275 billion limitation $3 billion amended balances in tax bank drafts billion temporary budget estimates BYRNES cash balance CHAIRMAN commercial banks committee Comptroller Congress contingencies corporate country banks CURTIS debt ceiling debt subject deficit deposit depositaries dollar economic effect enacted expenditures extent facilities bill Federal debt Federal Reserve banks Federal Reserve System figure financing fiscal year 1959 flexibility FORAND going Government officers Government securities gross national product House of Representatives IKARD INCREASE THE PUBLIC inflationary interest on balances interest rates Internal Revenue Service January July JULY 30 June 15 June 30 KARSTEN legislation loan accounts month obligations operating balance outstanding Patman pay interest percent period private banks procedure public debt limit question receipts recommendation reduced request revenue savings bonds Second Liberty Bond Secretary ANDERSON securities issued STANS statement statutory debt limit tax and loan taxpayers tion United withheld WRIGHT PATMAN
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Page 38 - The bills are subject to estate, inheritance, gift or other excise taxes, whether Federal or State, but are exempt from all taxation now or hereafter imposed on the principal or interest thereof by any St.ite, or any of the possessions of the United States, or by any local taxing authority.
Page 1 - The face amount of obligations issued under authority of this Act, and the face amount of obligations guaranteed as to principal and interest by the • United States (except such guaranteed obligations as may be held by the Secretary of the Treasury), shall not exceed in the aggregate $285,000,000,000 outstanding at any one time.
Page 1 - That, during the period beginning on the date of the enactment of this Act and ending on June 30, 1965, the public debt limit set forth in the first sentence of section 21 of the Second Liberty Bond Act, as amended (31 USC 757b), shall be temporarily increased to $324,000,000,000.
Page 38 - This check is in payment of an obligation to the United States and must be paid at par. No protest,
Page 33 - ... the services mentioned by the Comptroller General. The payment of fees could not, of course, be limited to those banks which maintain tax and loan accounts on their books. Comments with respect to the payment of fees to banks for rendering the five services mentioned by the Comptroller General in his report to the Congress covering the Office of the Treasurer of the United States for the fiscal year 1954 are set forth below: 1.
Page 2 - The current redemption value of any obligation issued on a discount basis which is redeemable prior to maturity at the option of the holder thereof shall be considered, for the purposes of this section, to be the face amount of such obligation," and decreasing limitation to
Page 1 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 21 of the Second Liberty Bond Act, as amended (31 USC, sec.
Page 38 - In whole or In part, upon not less than 30 nor more than 60 days' notice In writing given by either party to the other.
Page 38 - ... notice in writing, given by either party to the other. The 2 percent depositary bonds are issued in registered form only in the name of the Treasurer of the United States in trust for the depositaries and financial agents to which they are allotted, and are not transferable. Checks covering interest on the bonds are forwarded semiannually on June 1 and December 1.
Page 5 - Whole House on the State of the Union and ordered to be printed Mr.