Public Debt Ceiling: Hearings ... 90-1, May 15, 16, 19671967 - 286 páginas |
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$45 billion 48 Stat Act of June Act of September added by Act Administration agencies amended by Act amount August 23 authority bank credit bills Board of Governors bonds borrowing budget BYRNES capital stock centum CHAIRMAN committee Comptroller Congress continue corporation credit markets CURTIS debt ceiling debt limit deficit deposits directors dollars economic estimate expenditures Federal Government Federal Housing Administration Federal Reserve Act Federal reserve bank Federal Reserve notes Federal Reserve System fiscal funds going guaranteed increase interest rates issued January June 21 liabilities Liberty Bond maturity member bank ment monetary policy money market conditions months national banks obligations open market operations original Federal Reserve outstanding paid for once participation certificates PATMAN percent period proviso clause purchase reduce regulations repurchase agreements revenues SCHULTZE Secretary FOWLER securities surplus tion title 12 U.S. Government ULLMAN United Vietnam
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Página 267 - States or of any State thereof, and principally engaged in international or foreign banking, or banking in a dependency or insular possession of the United States either directly or through the agency, ownership, or control of local institutions in foreign countries, or in such dependencies or insular possessions.
Página 192 - this Act, p. 61, and note to paragraph 1 of that section.] 5. Authority to commence business But no Federal reserve bank shall transact any business except such as is incidental and necessarily preliminary to its organization until it has been authorized by the Comptroller of the Currency to commence business under the provisions of this Act.
Página 199 - title 12, sec. 290. Part of original Federal Reserve Act; not amended.] 3. Exemption from taxation Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate.
Página 189 - may permit or require any Federal reserve bank to establish branch banks within the Federal reserve district in which it is located or within the district of any Federal reserve bank which may have been suspended. Such branches, subject to such rules and regulations as the Board of Governors of the Federal
Página 214 - recess of Senate The President shall have power to fill all vacancies that may happen on the Board of Governors of the Federal Reserve System during the recess of the Senate by granting commissions which shall expire with the next session of the Senate. [US
Página 230 - paper Sec. 13a. Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice, and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may, subject to regulations and limitations to be prescribed by the Board of Governors of the
Página 232 - purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers' acceptances and bills of exchange of the kinds and maturities by this Act made eligible for rediscount, with or without the indorsement of a member bank.
Página 185 - when organized: Provided, That the districts shall be apportioned with due regard to the convenience and customary course of business and shall not necessarily be coterminous with any State or States. The districts thus created may be readjusted and new districts may from time to time be created by the Board of Governors of the
Página 220 - Act of January sixteenth, eighteen hundred and eighty-three (volume twenty-two, United States Statutes at Large, page four hundred and three), and amendments thereto, or any rule or regulation made in pursuance thereof: Provided, That nothing herein shall prevent the President from placing said employees in the classified service. [US
Página 233 - 1968, any bonds, notes, or other obligations which are direct obligations of the United States or which are fully guaranteed by the United States as to principal and interest may be bought and sold without regard to maturities but only in the open market. The Board of Governors of the Federal