And additionally debt authorized to be ordered by before part, the newest Secretary of the Treasury was signed up to invest in people personal debt issued pursuant to that particular section inside the numbers to not ever meet or exceed $dos,000,000,000. The fresh new power offered inside paragraph will end August 10, 1975 .
In spite of the foregoing, the fresh expert considering contained in this subsection are worked out through the any schedule one-fourth birth immediately after Oct twenty eight, 1974 , on condition that the newest Secretary of your Treasury and the Chairperson off brand new Director certify for the Congress one to (1) alternative mode can not be effectively employed to enable people in the Government Home loan Banking system to carry on to offer reasonable amounts regarding finance on the mortgage business, and you can (2) the capability to have such as for example finance is actually significantly impaired due to economic stringency and you will a higher level of great interest costs.