Survey of Federal Legislation Affecting Private Home Financing Since 1932

debtedness on urban real estate in the United States more than trebled; this debt per capita more than doubled; the ratio of this debt of real estate values more than trebled; and the ratio of the annual charges on this debt to the national income more than doubled.1 The burden of the debt was, of course, increased by the decline in income and property values during the depression. By 1932 the number of fore-closures in urban areas, which had risen steadily even during the years of prosperity, had mounted to nearly four times the 1926 level.2 New lending had practically ceased. Such demand for loans as existed arose almost entirely from the necessity of refinancing existing obligations, and lending institutions, pressed for liquidity, were unable to meet even this demand. These developments focused attention on certain basic defects which had long existed in this portion of the credit system. The most important of these defects may be listed as follows:3 (i) the instability of real estate values, resulting from population movements and enhanced by the flow of speculative funds into and out of the real estate market, which has caused lenders to restrict their first mortgage loans to rather low percentages of appraised property values; (2) the unsatisfactory, costly, and frequently illegal system of second and third mortgages, resulting from the fact that many families attempting home ownership have not been able to provide from their own funds the difference between the amount o

Corn Growing in Ohio

Exact date of bulletin unknown.PDF pages: 2

OFF-FARM WORK PARTICIPATION, OFF-FARM LABOR SUPPLY AND ON-FARM LABOR DEMAND OF U.S. FARM OPERATORS

The paper presents econometric evidence on off-farm work participation, off-farm hours of work, and on-farm hours of work for U.S. farm operators using a national sample of farmers for the USDA's 1991 Farm Costs and Return Survey.Farm Management, Labor and Human Capital, Research Methods/ Statistical Methods,

Pseudo-noise test set for communication system evaluation

A test set for communications systems is described which includes a pseudo noise sequence generator providing a test signal that is fed to a pair of signal channels. The first channel includes a spectrum shaping filter and a conditioning amplifier. The second channel includes a variable delay circuit, a spectrum shaping filter matched to the first filter, and an amplifier. The output of the first channel was applied to the system under test. The output of the system and the output of the second channel are compared to determine the degree of distortion suffered by the test signal due to the communications system

Method of and means for testing a tape record/playback system

A tape record/playback system was tested by first deriving an analog test signal and a band-limited digital reference signal from a pseudo-noise sequence generator driven by a clock signal. It recorded the signals on respective tracks of the system during operation in a record mode. During the playback mode of operation of the system, a delayed analog reference signal without time base variations was reconstructed from the played back reference signal. It was compared with the played back test signal in order to obtain an error signal that was a measure of the performance of the system

A unified analysis of executive pay: the case of the banking industry

This study examines executive compensation determinants in the U.S. banking industry. Multiple theories of executive pay are discussed and tested using a relatively homogenous sample. We perform an in-depth look at the corporate governance and ownership structure of the companies selected. We explore the simultaneous relationship between compensation, firm performance, and board strength, exploiting variables unique to the banking industry. Our primary finding is that after controlling for both regulatory oversight and external market discipline, a strong board is associated with higher firm performance and lower levels of executive pay, consistent with such a board of directors providing a strong monitoring function.Executives - Salaries

Low-energy interaction of composite spin-half systems with scalar and vector fields

We consider a composite spin-half particle moving in spatially-varying scalar and vector fields. The vector field is assumed to couple to a conserved charge, but no assumption is made about either the structure of the composite or its coupling to the scalar field. A general form for the piece of the spin-orbit interaction of the composite with the scalar and vector fields which is first-order in momentum transfer ${\bf Q}$ and second-order in the fields is derived.Comment: 10 pages, RevTe

Electromagnetic Scattering from Relativistic Bound States

The quasipotential formalism for elastic scattering from relativistic bound states is formulated based on the instant constraint in the Breit frame. The quasipotential electromagnetic current is derived from Mandelstam's five-point kernel and obeys a two-body Ward identity. Breit-frame wave functions are obtained directly by solving integral equations with nonzero total three-momentum, thus accomplishing a dynamical boost. Calculations of electron-deuteron elastic form factors illustrate the importance of the dynamical boost versus kinematic boosts of the rest frame wave functions.Comment: RevTeX 3.0 manuscript, 9 pages. UU-file is a single PostScript file of the manuscript including figures. U. MD PP #93-17