To Permit National Banks to Underwrite and Deal in "revenue Bonds": Hearings Before 89-1 on H.R. 7539 ... , April 26 and 27, 19651965 - 196 páginas |
Términos y frases comunes
88th Congress BALDERSTON bank investment Bank of America bank's Banking and Currency banks to underwrite benefits bidding bill billion Bond Buyer borrowing California capital CHAIRMAN cities commercial bank underwriting committee competition Comptroller Comptroller's conflicts of interest Congress corporate correspondent banks dealer debt eligible for bank faith and credit Federal Reserve Board Federal Reserve System fiduciary full faith funds Glass-Steagall Act governments industrial revenue bonds interest costs interest rates investment bankers investment securities investors issuer legislation lower by Moody's ment mercial banks municipal bonds municipal industrial revenue municipal revenue bonds national banks obligation bonds Paragraph Seventh percent permit political subdivision port authority prohibition purchase question regulations Reuss revenue bond financing revenue bond issues revenue bonds rated revenue issues ruling SAXON selling Seventh of 12 ST GERMAIN syndicate Texas tion trust accounts underwrite and deal underwrite revenue bonds underwriting bank underwritten WIDNALL WRIGHT PATMAN
Pasajes populares
Página 109 - Commission is responsible for the administration and enforcement of the Securities Act of 1933, the Securities Exchange Act of 1934, the Public Utility Holding Company Act of 1935, the Trust Indenture Act of 1939, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.
Página 24 - The limitations and restrictions herein contained as to dealing in, underwriting, and purchasing for its own account, investment securities shall not apply to obligations of the United States, or general obligations of any State or of any political subdivision thereof, or obligations...
Página 139 - California; and be it further Resolved, That the Chief Clerk of the Assembly is hereby directed to transmit copies of this resolution to the President and Vice President of the United States...
Página 16 - The Massachusetts Turnpike Authority was created in 1952 as a public instrumentality of the Commonwealth of Massachusetts to construct, maintain, repair, and operate the Massachusetts Turnpike. The Initial Turnpike, opened for traffic on May 16, 1957, was financed by the $239,000,000, 3.30 percent Turnpike Revenue Bonds (Series 1954) due in 1994, In 1954, prior to the construction of the Initial Turnpike, this issue was ruled ineligible for purchase by national banks, under the Investment Securities...
Página 8 - State member banks shall be subject to the same limitations and conditions with respect to the purchasing, selling, underwriting, and holding of investment securities and stock as are applicable in the case of national banks under paragraph 'Seventh' of section 5136 of the Revised Statutes, as amended.
Página 149 - To provide a medium through which its membership may be enabled to confer, consult, and cooperate with governmental and other agencies in the solution of problems affecting investors, the public, and the investment banking and securities business...
Página 10 - ... unconditional promise to pay, directly or indirectly, an aggregate amount which (together with any other funds available for the purpose) will suffice to discharge, when due, all interest on and principal of such obligations, which promise ( 1 ) is made by a governmental entity that possesses general powers of taxation, including property taxation, and (2) pledges or otherwise commits the full faith and credit of said promisor; said term does not include obligations not so supported that are...
Página 15 - A public distribution of the securities must have been provided for or made in a manner to protect or insure the marketability of the issue; or...
Página 93 - Seventh of section 5136 of the Revised Statutes (12 USC 24) provides that a national bank "shall not underwrite any issue of securities", but further provides that this restriction "shall not apply to * * * general obligations of any State or of any political subdivision thereof".
Página 3 - That no association shall hold obligations issued by said bank as a result of underwriting, dealing, or purchasing for its own account (and for this purpose obligations as to which it is under commitment shall be deemed to be held by it) in a total amount exceeding at any one time 10 per centum of its capitnl stock actuallv paid in and unimpaired and 10 per centum of its unimpaired surplus fund'.