Word: loans
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Most of REA's cooperators are farmers in sparsely settled districts which the nearest private power company has put in "cold storage" until they become populous enough to be served with profit. To get an REA loan, farmers usually first organize a cooperative, convince REA field inspectors that they can afford to buy enough electricity to pay for the lines. Not grants in any sense, REA loans must under present policies be liquidated within 20 years. Interest runs at the rate the Government pays on its own long-term obligations, currently 2.77%. Both REA and Electric Home and Farm...
...Banks may now invest in unlisted securities and those without public distribution, provided the issuer can service the loan...
Housing. Congress extended in time and broadened in scope Federal mortgage insurance; upped USHA's loan funds...
...Efron's new idea was really a resurrection of an idea as old as deposit banking itself. Most checking accounts nowadays require sizable minimum balances ($100 up) and banks make their money by loaning out these deposits. But the CheckMaster Plan requires a deposit of only $1, which Mr. Efron makes no effort to loan out. Instead, to cover expenses, he charges depositors a straight service fee-5? every time they make a deposit, 5? every time they draw a check. CheckMaster is thus the first U. S. example of 100% money banking-a principle advocated by Yale...
...tighten them in booms. Stoutly opposed to this are Acting Comptroller of the Currency Marshall Diggs, and former Comptroller J. F. T. O'Connor who resigned three months ago to run for Governor of California. Both Mr. O'Connor and Mr. Diggs prefer to consider investment and loan restrictions, as well as bank examinations, not instruments of monetary control but of protection for investors...