Credit in Low-income Areas: Hearings, Ninety-first Congress, Second Session, on S. 2146 ... [and] S. 2259 ... January 14 and 15, 1970, Volumer 22-23U.S. Government Printing Office, 1970 - 218 sider |
Vanlige uttrykk og setninger
amended amount authorized bankers Bedford-Stuyvesant bill borrow Bureau of Federal capital centum Chairman commercial banks Community Credit Expansion Comptroller CONGRESS THE LIBRARY consumer credit Corporation credit education Credit Expansion Act credit needs credit risks deposits Director eligible areas established extend credit Father BARONI Federal Credit Unions feel financial institutions funds ghetto going GRZYWINSKI guarantee incentives income consumer income credit unions inner city investment issued kind legislation LIBRARY OF CONGRE LIBRARY OF CONGRESS limited low income credit low-income consumer low-income credit unions ment Montgomery Ward mortgage National Bank national development bank NWRO obligations operating organization paragraph percent person poor poverty areas problems retail risk savings and loan Secretary Senator PERCY Senator PROXMIRE Subcommittee sumer SYLVESTER tax and loan things tion Treasury U.S. Senate Urban Coalition WARDER welfare recipients WILCOX WILEY WILLIAM PROXMIRE
Populære avsnitt
Side 15 - Every director must, during his whole term of service, be a citizen of the United States, and at least three-fourths of the directors must have resided in the state, territory, or district in which the association is located for at least one year immediately preceding their election, and must be residents therein during their continuance in office.
Side 13 - Currency ; and no increase of capital shall be valid until the whole amount of such increase shall be paid in, and notice thereof shall have been transmitted to the Comptroller of the Currency, and his certificate obtained specifying the amount of such increase of capital stock, with his approval thereof, and that it has been duly paid in as part of the capital of such association.
Side 23 - If the directors of any national banking association shall knowingly violate, or knowingly permit any of the officers, agents or servants of the association to violate any of the provisions of this Title, all the rights, privileges and franchises of the association shall be thereby forfeited.
Side 23 - That suits, actions, and proceedings, against any association under this act, may be had in any circuit, district, or territorial court of the United States held within the district in which such association may be established; or in any state, county, or municipal court in the county or city in which said association is located, having jurisdiction in similar cases...
Side 51 - To make loans with maturities not exceeding two years to its members for provident or productive purposes upon such terms and conditions as this Act and the bylaws provide and as the credit committee may approve, at rates of interest not exceeding 1 per centum per month on unpaid balances (inclusive of all charges incident to making the loan...
Side 7 - They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Side 63 - Such financial assistance shall not be extended to assist establishments relocating from one area to another or to assist subcontractors whose purpose is to divest, or whose economic success is dependent upon divesting, other contractors or subcontractors of contracts theretofore customarily performed by them: Provided, however. That such limitation shall not be construed to prohibit...
Side 66 - Moneys in the fund shall be deposited in the Treasury of the United States to the credit of the fund or invested in bonds or other obligations of, or guaranteed as to principal and interest by, the United States.
Side 17 - Second. To have succession from the date of the approval of this Act, or from the date of its organization if organized after such date of approval until such time as it be dissolved by the act of its shareholders owning two-thirds of its stock, or until its franchise becomes forfeited by reason of violation of law, or until terminated by either a general or a special act of Congress or until its affairs be placed in the hands of a receiver and finally wound up by him.
Side 92 - FINANCIAL ASSISTANCE SEC. 404. The Administrator of the Small Business Administration shall take such steps as may be necessary to Insure that, in any fiscal year, at least 50 per centum of the amounts loaned...