10/02/1935
https://www.presidency.ucsb.edu...
"I believe, therefore, that there is no justification for continued Government subsidy of Federal land bank interest rates below the unprecedentedly low rate these banks are now offering farmer-borrowe..."
"Further reductions in the interest rates payable on Federal land bank loans are not justified."
"I hope that Congress will enact appropriate legislation giving its consent to this interstate compact as required by Article I, Section 10, of the Constitution of the United States."
"reserves should equal that percentage of all apportioned funds susceptible to the establishment of such reserves"