FEDERAL LAND BANKS

I recommend that the Congress authorize the subscription by the Treasury of

further capital to the Federal land banks to be retired as provided in the

original act, or when funds are available, and that repayments of such

capital be treated as a fund available for further subscriptions in the

same manner. It is urgent that the banks be supported so as to stabilize

the market values of their bonds and thus secure capital for the farmers at

low rates, that they may continue their services to agriculture and that

they may meet the present situation with consideration to the farmers.

State of the Union Addresses(#5037) · 第 62 / 100 题