The A B C of the Federal Reserve System |
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Page vi
... gold settlement fund , 75-78 . - Foreign ex- change , foreign agencies and branches of American banks organized for foreign business under the new banking system , 79-83 . 66-83 CHAPTER IX PAGES THE FEDERAL RESERVE SYSTEM AND THE ...
... gold settlement fund , 75-78 . - Foreign ex- change , foreign agencies and branches of American banks organized for foreign business under the new banking system , 79-83 . 66-83 CHAPTER IX PAGES THE FEDERAL RESERVE SYSTEM AND THE ...
Page x
... gold from abroad , general business prosperity stimulated by war profits , and reasonably com- fortable conditions in credit and banking , ap- peared to put the federal reserve banks for the first two and one - half years of their ...
... gold from abroad , general business prosperity stimulated by war profits , and reasonably com- fortable conditions in credit and banking , ap- peared to put the federal reserve banks for the first two and one - half years of their ...
Page 6
... gold in the world . It was ineffective , however , because widely scattered ; hence , sus- pension of cash payments throughout the coun- try , currency premiums , the breakdown of our domestic exchanges , the illegal issue of millions ...
... gold in the world . It was ineffective , however , because widely scattered ; hence , sus- pension of cash payments throughout the coun- try , currency premiums , the breakdown of our domestic exchanges , the illegal issue of millions ...
Page 38
... gold in abundance is available on demand it does not want it , except to meet the normal demands of interna- tional trade . The federal reserve banks , of course , do not keep on hand all the reserve money deposited by member banks ...
... gold in abundance is available on demand it does not want it , except to meet the normal demands of interna- tional trade . The federal reserve banks , of course , do not keep on hand all the reserve money deposited by member banks ...
Page 41
... situated , in time of danger . The reserves of the twelve re- serve banks are so closely piped together , par- ticularly since the formation of the gold settle-會 I ment fund ( to be described later , pages FEDERAL RESERVE SYSTEM 41.
... situated , in time of danger . The reserves of the twelve re- serve banks are so closely piped together , par- ticularly since the formation of the gold settle-會 I ment fund ( to be described later , pages FEDERAL RESERVE SYSTEM 41.
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Common terms and phrases
act approved American bank amount authorized bank acceptances bank reserves bank-note circulation bank's bankers ber banks bills of exchange board of directors bonds branch banks capital and surplus capital stock cent central reserve cities centum collateral collection commercial banks commercial paper Comptroller corporation organized country bank defects demand deposit currency drafts eligible employee eral reserve bank eral Reserve Board expenses federal reserve act Federal reserve agent federal reserve banks Federal Reserve Board federal reserve district Federal reserve notes federal reserve system foreign gold certificates Government legal reserve money loans member banks ment millions money market national bank notes national banking association notes issued officer old banking system open market organization certificate paid payment prescribed purchase redemption rediscount regulations reserve bank notes reserve city bank reserve law Secretary securities serve bank thereof tion trade acceptance Treasury trust company twelve federal reserve United
Popular passages
Page 159 - The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts. debts, and engagements of such association to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares...
Page 179 - That if any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act,, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 101 - Board, by the Comptroller of the Currency in his own name before the association shall be declared dissolved.
Page 173 - Dividends (Sec. 5199). —The directors of any association may semiannually declare a dividend of so much of the net profits of the association as they shall judge expedient; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock.
Page 133 - That no association shall at any time be indebted, or in any way liable, to an amount exceeding the amount of its capital stock at such time actually paid in and remaining undiminished by losses or otherwise, except on the following accounts, that is to say:
Page 136 - ... bills, notes, revenue bonds, and warrants with a maturity from date of purchase of not exceeding six months, issued in anticipation of the collection of taxes or in anticipation of the receipt of assured revenues by any State, county, district, political subdivision, or municipality in the continental United States, including irrigation, drainage and reclamation districts...
Page 124 - To add to the number of cities classified as reserve and central reserve cities under existing law in which national banking associations are subject to the reserve requirements set forth in section twenty of this Act ; or to reclassify existing reserve and central reserve cities or to terminate their designation as such.
Page 98 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 105 - Upon duly making and filing articles of association and an organization certificate, the association shall become, as from the date" of the execution of its organization certificate, a body corporate, and as such, and in the name designated in the organization certificate, it shall have power: First.
Page 53 - To suspend for a period not exceeding thirty days, and from time to time to renew such suspension for periods not exceeding fifteen days, any reserve requirement specified in this Act...