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" ... (7) to invest its funds (A) in loans exclusively to members; (B) in obligations of the United States of America, or securities fully guaranteed as to principal and interest thereby... "
Federal Credit Unions, Hearing Before a Subcommittee of 88-2 on S. 2161 and ... - Page 9
by United States. Congress. Senate. Banking and Currency Committee - 1964 - 24 pages
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Circular

United States. Farm Credit Administration - 1934 - 1028 pages
...borrowers. A borrower may repay his loan, prior to maturity, in whole or in part on any business day. (6) To receive from its members payments on shares....in accordance with rules and regulations prescribed by the Governor, in loans to other credit unions in the total amount not exceeding 25 per centum of...
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Credit Unions, Hearing Before a Subcommittee of ... 73-1, on S.1639 ... S ...

United States. Congress. Senate. Banking and Currency Committee - 1933 - 40 pages
...or In part on any business day. (6) To receive from its members payments on shares and on deposits. (7) To invest its funds (a) in loans exclusively to members; (b) in securities of the United States of America; (c) in the way and manner hereinafter indicated in the...
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Credit Unions: Hearings Before a Subcommittee of the Committee on Banking ...

United States. Congress. Senate. Committee on Banking and Currency - 1933 - 44 pages
...or in part on any business day. (6) To receive from its members payments on shares and on deposits. (7) To invest its funds (a) in loans exclusively to members; (b) in securities of the United States of America; (c) in the way and manner hereinafter indicated in the...
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Laws Applicable to the United States Department of Agriculture, 1935 ...

United States - 1936 - 684 pages
...borrowers. A borrower may repay his loan, prior to maturity, in whole or in part on any business day. (6) To receive from its members payments on shares....in accordance with rules and regulations prescribed by the Governor, in loans to other credit unions in the total amount not exceeding 25 per centum of...
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United States Code

United States - 1973 - 1178 pages
...have succession in its corporate name during its existence and shall have power — • * • » * (8) to invest its funds (A) in loans exclusively to members;...in accordance with rules and regulations prescribed by the Administrator, in loans to other credit unions in the total amount not exceeding 25 per centum...
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Revised Edition of Laws Applicable to the United ..., Volume 1, Issues 1-22

United States - 1945 - 928 pages
...borrowers. A borrower may repay his loan, prior to maturity, in whole or in part on any business day. r, subject to the limitations and requirements of...to the approval of the Farm Credit Administration, by the Governor, in loans to other credit unions in the total amount not exceeding 25 per centum of...
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Federal Credit Union Act, Hearing Before ..., 86-1 on S.1786, S.1985, and H ...

United States. Congress. Senate. Committee on Banking and Currency - 1959 - 90 pages
...committee or a loan officer may approve, at rates of interest not exceeding 1 per centum per mouth on unpaid balances, inclusive of all charges incident...fully guaranteed as to principal and interest thereby; (O) in accordance with rules and regulations prescribed by the Director, in loans to other credit unions...
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Federal Credit Unions: Hearings Before Subcommittee No.3 of ... , 86-1, May ...

United States Congress. House. Banking and Currency Committee - 1959 - 172 pages
...union shall have succession in tts corporate name during its existence and shall have power — ******* (7) To invest its funds (a) in loans exclusively to...in accordance with rules and regulations prescribed by the Governor, in loans to other credit unions in the total amount no exceeding 25 percent of its...
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Federal Credit Unions: Hearings Before Subcommittee No. 3 of the Committee ...

United States. Congress. House. Committee on Banking and Currency - 1959 - 176 pages
...union shall have succession in its corporate name during its existence and shall have power — ******* (7) To invest its funds (a) in loans exclusively to...in accordance with rules and regulations prescribed by the Governor, in loans to other credit unions in the total amount no exceeding 25 percent of its...
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Comparative Regulations of Financial Insitutions

United States. Congress. House. Committee on Banking and Currency. Subcommittee on Domestic Finance - 1963 - 444 pages
...on amount. b. Types of investment. — The Federal Credit Union Act restricts investments tc— (1) Obligations of the United States of America or securities...fully guaranteed as to principal and interest thereby ; (2) Loans to other credit unions ; and (3) Shares or accounts of savings and loan associations, the...
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