 | Social security - 1936 - 1208 pages
...of the Budget an estimate of the appropriations to be made to the Account. (b) It shall be the duty of the Secretary of the Treasury to invest such portion of the amounts credited to the Account as is not, in his judgment, required to meet current withdrawals. Such investment may be made only in... | |
 | United States. Congress. House. Committee on Interstate and Foreign Commerce - Railroads - 1937 - 168 pages
...appropriation to be made to the account. (b) At the request and direction of the Board, it shall be the duty of the Secretary of the Treasury to invest such portion...benefits in accordance with the provisions of this Act in interest-bearing obligations of the United States or in obligations guaranteed as to both principal... | |
 | United States. Congress. House. Committee on Interstate and Foreign Commerce - 1937 - 162 pages
...appropriation to be made to the account. (b) At the request and direction of the Board, it shall be the duty of the Secretary of the Treasury to invest such portion...benefits in accordance with the provisions of this Act in interest-bearing obligations of the United States or in obligations guaranteed as to both principal... | |
 | United States. Congress. Senate. Committee on the Judiciary - Courts - 1937 - 196 pages
...appropriation to be made to the account. (b) At the request and direction of the Board, it shall be the duty of the Secretary of the Treasury to invest such portion...benefits in accordance with the provisions of this Act in interest-bearing obligations of the United States or in obligations guaranteed as to both principal... | |
 | United States. Congress. House. Committee on Appropriations - United States - 1937 - 716 pages
...appropriation to be made to the account. (b) At the request and direction of the Board, it shall be the duty of the Secretary of the Treasury to invest such portion...benefits in accordance with the provisions of this Act and the Railroad Retirement Act of 1935 in interest-bearing obligations of the United States or... | |
 | United States - Session laws - 1939 - 780 pages
...member bank of the Federal Reserve System designated by him for such purpose. (b) It shall be the duty of the Secretary of the Treasury to invest such portion of the Fund as is not, In his Judgment, required to meet current withdrawals. Such investment may be made... | |
 | United States. Congress. House. Committee on Appropriations - 1938 - 892 pages
...annum, compounded annually. OLD-AGE BENEFIT INVESTMENTS Section 201 (b) of the act places a duty upon the Secretary of the Treasury to invest such portion of the amounts credited to the old-age reserve account as is not, in his judgment, required to meet current withdrawals. Such investments... | |
 | United States. Congress. Senate. Committee on Appropriations - 1938 - 896 pages
...was upon the security that was purchased. Mr. ALTMEYER. Here is the language: It shall ln> the duty of the Secretary of the Treasury to invest such portion of the amounts as is not in his judgment, required to meet current withdrawals. Such investments may be made only... | |
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Such investments may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. 
