Increase the Public Dept Limit1958 - 49 pages |
Common terms and phrases
$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 inflationary interest payments interest rates Internal Revenue Service January July JULY 30 June 15 June 30 KARSTEN legislation Liberty Bond Act loan accounts month obligations operating balance outstanding Patman pay interest percent period permanent limit private banks public debt limit question receipts recommendation reduced request requirements revenue savings bonds Second Liberty Bond Secretary ANDERSON STANS statement statutory debt limit tax and loan taxpayers tion United withheld WRIGHT PATMAN
Popular passages
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 39 - Army may waive, withdraw, or amend at any time or from time to time any or all of the provisions of this section.
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 3 - Sam Rayburn, Speaker of the House of Representatives, Washington, DC Dear Mr. Speaker...
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 38 - ... and accrued interest, at any time, at the option of the United States or the depositaries and financial agents, 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 9 - ... but still it has a way to go. It is difficult to make precise month-to-month forecasts which reflect all operations of the Government, including collection of a great many types of revenues, the rates of expenditures under the programs of each agency, the issue and retirement of our public-debt obligations, and all of the multitude of operations reflected in the total inflow and outflow of the Treasury. We have, however, made estimates of the public debt and cash balances which are based upon...
Page 36 - Those banks having total deposits amounting to $500 million or more as shown by the latest "call" reports of the bank supervisory authorities. Calls for withdrawals of balances with group C banks are usually made at the same time as calls on group B banks. However, calls on C banks are subject to later adjustment by way of an increase, decrease, or cancellation on any particular day that Treasury closing balances in the Federal Reserve banks are expected to deviate substantially from the desired...