Show U S government GREATEST BANKER runs fifty two financing cing institutions with investment of two billion dollars dollari thir ty mno agricultural A biggest banker today la Is i ai the federal government which la is now operating lifty two financing institutions tut ions says professor john hanna hania 0 of columbia university in the american bankers association journal forty ot of these are owned entirely by the government he says in twelve more the government has al ready a two thirds interest thirty s seven even are intended to be permanent twenty flye five of 0 the per permanent manen t ones and fourteen ol of the temporary ones are agricultural the capital stock held by the united states in these banks has a par value 0 of the governments total investment Is nearly 1 resources ot of these institutions ex aeed in addition the government has detailed supervision over fifty oue one mortgage banks ing under federal charter the also supervises 4 local agricultural loan eions with federal charters all ahli takes no account ot of the relations ot of the government t he tw twelve ale federal re serve aerie banks nor of the authority recently given to the reconstruction finance corporation to buy preferred stock in national and state commercial banks the president haq hai ordered tile he con oxidation oli dation of the agricultural credit agencies into tile the new farm credit ad ministration says professor hanni lie expresses the opinion that before the consolidation of the agricultural financing agen ies too much machinery had been created to administer the financing institutions which the goy gov rement either owns or supervises Ell existing sting institutions represent a co considerable differentiation of tune and any consolidations should be preceded by a careful survey suney of the ae ac activities of the various Ins titu eions lie continues the only con soli dation the administration has an bounced la Is that of tile the agricultural credit agencies in the farm credit ad ministration As a permanent solution this arrangement Is too closely bound up with politics A better scheme would be to create a nuance finance corporation linjer federal charter to take lake over either the ivul tural finance activities of the govern merit ment or al its lending agen agencies cles 1 TUB the s financing and banking activities should be kept kep I 1 severely apart from subsidy and other schemes for raising the prices pi ices ot of farm arin products one Is business the other Is milor major political policy the advantages ol of the corporation over bureau control for the business functions are real and significant |