Increase Borrowing Power of Commodity Credit Corporation: Hearings Before ... , 83-2 on H.R. 7339 ... , February 25 and 26, 1954
1954 - 115 Seiten
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acreage activities actual additional Administration agencies Agriculture amount appropriation average banks basic basis BEACH bill borrowing authority BROWN butter cancellation carry certificates of interest CHAIRMAN charge committee Commodity Credit Corporation Congress corn cost cotton course crop dairy DEANE debt December Department difference dollars effect expense export fact farm farmers Federal figure financing fiscal follows foreign funds getting give going Government grain Hays House income increase indicated industry issued July June 30 keep legislation lending limit loans losses McCARTHY milk million MORSE move MULTER notes obligations Office operations paid parity PATMAN payments percent period present price support Processing purchase question realized receipts record referred Represents Secretary BENSON selling shows statement storage supply things tion Treasury United wheat yield
Seite 104 - States, and such guaranty shall be expressed on the face thereof, and such obligations 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.
Seite 104 - With the approval of the Secretary of the Treasury, the Commodity Credit Corporation is authorized to issue and have outstanding at any one time, bonds, notes, debentures, and other similar obligations in an aggregate amount not exceeding $500,000,000.
Seite 104 - Such obligations shall be fully and unconditionally guaranteed both as to interest and principal by the United States...
Seite 104 - Such bonds shall be in such forms and denominations, shall have such maturities, shall bear such rates of interest, shall be subject to such terms and conditions, and shall be issued in such manner and sold at such prices, as may be prescribed by the corporation, with the approval of the Secretary of the Treasury.
Seite 38 - If there are any questions I would be glad to answer them. (The statement of Mr.
Seite 1 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 4 of the Act approved March 8, 1938 (52 Stat. 108), as amended, is hereby amended by deleting the term "$3,000,000,000" and inserting in lieu thereof the term "$5,000,000,000".
Seite 103 - Such bonds shall be fully and unconditionally guaranteed both as to interest and principal by the United States, and such guaranty shall be expressed on the face thereof...
Seite 104 - The Corporation shall at all times reserve a sufficient amount of its authorized borrowing power which, together with other funds available to the Corporation, will enable it to purchase, in accordance with its contracts with lending agencies, notes, or other obligations evidencing loans made by such agencies under the Corporation's programs.
Seite 104 - USC 714b(bJ.) (i) May borrow money subject to any provision of law applicable to the Corporation: Provided, That the total of all money borrowed by the Corporation, other than trust deposits and advances received on sales, shall not at any time exceed in the aggregate $25,000,000,000.
Seite 112 - BPA has indicated it desires to build. Therefore, the Company has already offered BPA wheeling capacity equal to what BPA could handle if it did have a single long-distance 500,000 volt line. It would be appreciated if this letter could be Included in the hearing record at an appropriate point Sincerely yours, ROMAN L.