Word: loans
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Dates: during 1930-1939
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...enthusiastic Chamber then and there passed the French Army budget for 1935, loaded with the colossal charge of 5,689,000,000 francs ($374,000,000). An additional 800,000,000 francs will be voted later "outside the budget" (to avoid unbalancing it) and raised by a special loan. After stirring appeals from Air Minister Victor Denain, the Chamber prepared to toss him $230,000,000 and it was estimated that the total 1935 French Defense Budget will exceed...
...forehanded Count Charles de Broqueville prepared for the crisis of last week by arranging with the U. S. Federal Reserve System to supply up to $25,000,000 of quick credit to resist pressure against the belga. From Washington the Treasury would neither affirm nor deny that a "foreign loan" had been made to Belgium, indicated that if it were so the Bank of Belgium would eventually have to ship gold to cover as much of the quick credit as was used...
People like the Joneses needed relief almost as much as the farmers, the bankers, and the unemployed when President Roosevelt entered the White House one rainy afternoon in March 1933. Within a few months Home Owners' Loan Corp. was established to furnish urban mortgage relief, issuing its bonds in exchange for distress mortgages. The mortgages were usually scaled down, payments were put off for a year or two, and cash advanced to clear up back taxes, make repairs...
HOLChairman Fahey still has $1,200,000,000 to loan but the 400,000 cases now pending will use that up. When the last application has been passed HOLC will have refinanced about one-fifth of the total U.S. home-mortgage debt. So last week, its job well done, HOLC announced that no more applications for loans would be accepted. Mortgages were no longer a Relief problem but a Recovery problem, to be handled by the Federal Housing Administration in its drive to rehabilitate the building industry...
This was the second allotment withdrawn in two days, and caused quite a bit of consternation in the city. Friday the government held up a loan of $2,500,000 in PWA funds...