THE CONGRESS: Work Done, Jul. 25, 1932

The Senate:

¶ Adopted a conference report on a House bill to reduce the interest rate on Bonus loans from 4½% to 3½% and to permit veterans to borrow half the face value of their certificates without waiting the prescribed two years after issuance; sent it to the President.

¶ Passed a $2,122,000,000 Relief bill; adopted a conference report on it allowing publicity of R. F. C. loans; sent it to> the President.

¶ Passed a bill providing for a Home Loan Bank System, with a rider for currency expansion; sent...

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