Loan Guarantees and the Federal Financing Bank: Hearings Before the Subcommittee on Economic Stabilization of the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-fifth Congress, First Session, on H.R. 7918 ... July 19 and September 15, 1977 |
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Results 1-5 of 7
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... BARNARD , Georgia WES WATKINS , Oklahoma THOMAS L. ASHLEY , Ohio WALTER E. FAUNTROY , District of Columbia CARROLL HUBBARD , JR . , Kentucky JOHN J. LAFALCE , New York STEWART B. MCKINNEY , Connecticut J. WILLIAM STANTON , Ohio RICHARD ...
... BARNARD , Georgia WES WATKINS , Oklahoma THOMAS L. ASHLEY , Ohio WALTER E. FAUNTROY , District of Columbia CARROLL HUBBARD , JR . , Kentucky JOHN J. LAFALCE , New York STEWART B. MCKINNEY , Connecticut J. WILLIAM STANTON , Ohio RICHARD ...
Page 1
... Barnard , Watkins , and Kelly . Mr. MOORHEAD . The Subcommittee on Economic Stabilization will be in order . We continue the program of hearings on Federal credit assistance . The subcommittee initiated these hearings last summer ...
... Barnard , Watkins , and Kelly . Mr. MOORHEAD . The Subcommittee on Economic Stabilization will be in order . We continue the program of hearings on Federal credit assistance . The subcommittee initiated these hearings last summer ...
Page 18
... BARNARD . When does the FFB purchase guaranteed loans ? Mr. HAVENS . It purchases them , normally , at the time of origi- nation . Mr. BARNARD . In other words , before there is any default ? Mr. HAVENS . Yes , sir . Mr. BARNARD . Where ...
... BARNARD . When does the FFB purchase guaranteed loans ? Mr. HAVENS . It purchases them , normally , at the time of origi- nation . Mr. BARNARD . In other words , before there is any default ? Mr. HAVENS . Yes , sir . Mr. BARNARD . Where ...
Page 19
... BARNARD . In other words , funds actually change hands . Mr. HAVENS . Yes , sir , there is a loan made . Mr. BARNARD . I am confused as to why that would be , but perhaps there is a good reason . The other question that I am concerned ...
... BARNARD . In other words , funds actually change hands . Mr. HAVENS . Yes , sir , there is a loan made . Mr. BARNARD . I am confused as to why that would be , but perhaps there is a good reason . The other question that I am concerned ...
Page 20
... Barnard kind of by surprise , too - read this . I had never seen this in print , that this was not a guaranteed - type program , but a direct loan . Mr. HAVENS . It is a direct loan , sir . The question , I presume - and I would have to ...
... Barnard kind of by surprise , too - read this . I had never seen this in print , that this was not a guaranteed - type program , but a direct loan . Mr. HAVENS . It is a direct loan , sir . The question , I presume - and I would have to ...
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Common terms and phrases
1976 in thousands activity agency borrowing agency debt allocation ALTMAN Amtrak authority average maturity Bank's BARNARD bill budget concepts budget totals budget treatment budgetary CBOs ceilings Chairman commercial banks commitments Committee Congress cost credit restraint CUTTER debt management direct loans effect estimated Farmers Home Administration Federal agencies Federal credit assistance Federal debt Federal Financing Bank Federal Government Federal Reserve Board FFB holdings FFB purchases FFB-induced increases FFB's Financing Bank Act fiscal year 1976 funds guaranteed loans guaranteed obligations Guarantor HAVENS included interest rates Interest Receivable Borrowings issue June 30 legislation lenders loan expansion loan guarantee programs Loan Program maturity structure MCKINNEY million monetary policy MOORHEAD off-budget agencies outlays outstanding percent problem risk Rural Electrification Secretary September 30 short-term Small Business sold subcommittee Subtotals Tennessee Valley Authority Title XI transactions transition quarter Treasury debt Treasury securities U.S. Government U.S. Postal Service VENTO
Popular passages
Page 8 - To establish a Federal Financing Bank, to provide for coordinated and more efficient financing of Federal and federally assisted borrowings from the public...
Page 119 - Bank is authorized to purchase and sell any obligation which is issued, sold, or guaranteed by a federal agency. It further provides that any federal agency which is authorized to issue, sell, or guarantee any obligation is authorized to issue or sell such obligations directly to the Bank.
Page 176 - L. 94-558 which amended the Act by adding section 213. (d) Loan agreement A written agreement between the Bank and the guaranteed borrower stating the terms of the loan. (e) Loan guarantee agreement. A written agreement between EPA...
Page 45 - BEFORE THE SUBCOMMITTEE ON ECONOMIC STABILIZATION OF THE HOUSE COMMITTEE ON BANKING, FINANCE, AND URBAN AFFAIRS Mr.
Page 74 - The receipts and disbursements of the corporation in the discharge of its functions shall not be included in the totals of the budget of the United States Government and shall be exempt from any general limitations imposed by statute on budget outlays of the United States.
Page 108 - We are sending copies of this report to the Director, Office of Management and Budget, and to the Secretary of Health, Education, and Welfare. Comptroller General of the United States...
Page 175 - Council") which shall be composed of the Secretary of Defense, the Secretary of the Interior, the Secretary of Agriculture, the Secretary of Commerce, the Secretary of Health, Education, and Welfare, the Secretary of Housing and Urban Development, the...
Page 119 - Act is to assure coordination of these programs with the overall economic and fiscal policies of the Government, to reduce the costs of Federal and federally assisted borrowings from the public, and to assure that such borrowings are financed in a manner least disruptive of private financial markets and institutions. DEFINITIONS SEC. 3. For the purposes of this Act— (1) The term "Federal agency...
Page 173 - Federal agency" means an executive department, an independent Federal establishment, or a corporation or other entity established by the Congress which is owned in whole or in part by the United States.
Page 33 - ... useful fiction manipulated to give the illusion of progress — and second, we keep a set of books that are the real books. This is the real deficit And we neglect getting around to doing something about the real deficit because of the Gramm-Rudman set of books we keep.29 Congressman Marty Russo, chairman of the Task Force on Budget Process of the House Committee on Budget, made a similar point during hearings in 1990: "The President submits a budget that relies on very optimistic economic and...