Imagens da página
PDF
ePub

Officers and employees may serve foreign branches.... 25
Reserves of. (See “Reserves").....

19
Sale of bonds securing notes to be retired..

18
Shall make no new loans or dividends while reserve not
maintained

19
Shall not act as medium of nonmember banks in secur-

ing discounts from Federal Reserve Banks without
consent of Federal Reserve Board......

19
Stock in Federal Reserve Banks not to be transferred 5
Surrender of stock in Federal Reserve Banks upon re-
duction of its own capital or upon liquidation...

5
Visitatorial powers to which subject.....

21
N
National banks:
Acceptance of terms of Federal Reserve Act......

9
Bond deposit requirements repealed..

17
Converted from State banks..

8
Definition

1
Directors personally liable for results of noncompliance
with act

2
Dissolution for noncompliance with act.

2
Foreign branches. (See Foreign branches.)
Indebtedness limited

13
Loans on farm lands..

24
May act as insurance agent or broker, when.

13
May hold stock in banks organized in U. S. for foreign
business

25-25a
Penalty for failing to accept terms of act.
Personal liability of stockholders.

23
Reduction of capital stock......

28
Subscription to capital stock of Federal Reserve Banks
Survival of remedies and penalties against..
Transfer of shares before failure. ....

23
Trustees, executors, administrators, and registrars of
stocks and banks...

11-k
National Banking Association, definition.

1
Notes. (See Federal Reserve notes.)
Notes against bonds purchased:
May be issued by Federal Reserve Banks.

18
Issue and redemption.

18
Limitations on amounts.

18

O
Organization committee. (See Reserve bank organization
committee.)

P
Penalties and forfeitures:

Certified checks against insufficient funds....
Examiners disclosing confidential information.

9
23

9
22
2

16

Failure of State bank to make reports...
Forfeiture of membership.....
Loans or gratuities to examiners.
Noncompliance with act...
Penalty against Federal Reserve Bank for paying out

notes of another..

Survival of penalties against dissolved banks.
Public stock:

Definition
Limitation of amount held by single shareholder.
Subscription to
Transfer of

[ocr errors]

R
Rediscounts:
Acceptances

13
Agricultural paper

13
Conditions of
Limitations on amount.

13
Limitations on amounts for State banks.

9
Paper subject to....
Regulation by Federal Reserve Board..

.11-b, 13
Remedies, survival against dissolved bank.
Repayment of deposits upon withdrawal of State banks...
Reports:

By State banks.

Federal Reserve Board. (860 Federal Reserve Board.)
Reserves:
Banks in Alaska, dependencies or possessions.....

20
Federal Reserve Bank-
Against deposits

16
Against Federal reserve notes.

16
Gold deposits may be counted as part of.

16
How maintained
Member banks
Amount required

19
Computation of balances.

19
How maintained

19
May be checked against.

19
Limitation on amount deposited with nonmember
bank

19
Must be maintained.

19
Permission to carry in Federal reserve banks instead
of in vault...

11-m
Suspension of Reserve requirements by Federal Re-
serve Board

11-C
Tax upon delinquencies

11-C
Reserve bank (see also Federal Reserve Bank), definition. 1
Reserve Bank Organization Committee:

Allotment of Urited States stock....

16

Calling meetings of bank directors...
Certificates of designation of reserve districts and re-

serve cities
Exercise functions of chairman of board of directors

of Federal Reserve Banks pending organization....
Expenses
Fixing geographical limits of districts.
General powers
Offer of stock to public subscribers.
Quorum

Supervision of organization of Federal Reserve Banks
Reserve cities:

Control of classification by Federal Reserve Board.... 11e
Previous status not changed......

2
Reserves required of banks in outlying districts of... 19-b

[ocr errors]

16
10
16
26

2
23

S
Secretary of Treasury:

Deposits with, by Federal Reserve Bank or agent...
Ex officio member of Federal Reserve Board...
Expenses of handling deposits...
Gold reserve to be maintained by..

Management of United States stock.
Shareholders (see also Stock), individual liability:

Federal Reserve Banks....

National banks: .
Silver certificates, substitution of federal reserve bank notes

for, see “Pittman Act,” Appendic E.
State banks:

Cancellation of stock in Federal Reserve Bank......
Certificates as to liabilities of debtors...
Certifying checks against insufficient funds.
Conditions of membership...
Converted into national banks...
Depositories of government funds, see Appendix D.
Eligibility for membership.....
Examination. (See “Examinations”).
Examinations, not subject to requirements of section 21
Forfeiture of membership..
May become members of Federal Reserve Bank..
Must be eligible for conversion into national banks...
Penalties for failure to make reports....
Qualifications required to become members.
Regulations
Retain powers under State charters.
State examinations may be accepted.
Subject to provisions and penalties of Revised Statutes

5209, upon becoming members..
Subject to section of Federal Reserve Act applied to

member banks; but not subject to section 31..

9
8

9

9
9, 21

[ocr errors]

Subscription to stock in Federal Reserve Banks......
Withdrawal from membership....

9
Stock:

(866 also Shareholders.)
Of Federal Reserve Banks

Amount to be held by single member or shareholder 2
Calls on subscriptions..

2
Cancellation of stock held by insolvent member

banks
Increase
Increase of subscriptions required on increase of
member banks' capital stock.

5
Limitation on cancellations..

9
National banks must subscribe.
Payments on subscriptions.
Public subscriptions

2
Reduction
Shares owned by member banks not to be transfer-
red

5
Subscription

2
Subscription by national banks.
Subscription by State banks..

9
Subscription required of new members..
Surrender upon reduction of capital or liquidation
of member banks...

5
Transfer of

2
Voting power

3
Of banks organized in U. S. for foreign business, 25-a
May be owned by national banks..

.25-25-a
Of member banks-
Increase

5
Reduction

5
Of national banks-

Reduction
Transfer of before failure.

23
Surplus. (See Federal Reserve Banks.)

28

11-c

19

T
Tax upon delinquencies in reserves.
Time deposits, definition....
Trust companies, acceptance of terms of Federal Reserve

Act
Trust powers of national banks.

3
11-k

U
United States stock:

Allotment by organization committee......
Management by Secretary of the Treasury...

[ocr errors]

INDEX TO TEXT
Acceptances, trade acceptances and bank acceptances, may

purchased by federal reserve banks in open market, 42-4
may be rediscounted by federal reserve banks, 44-47. S

also bank acceptances and trade acceptances.
Advisory Council, how constituted, 33-34.
Agricultural paper, eligible for rediscount at federal reser

banks, 62.
Bank acceptances, nature of, 46-47; advantages of, 46-48; redi

countable by federal reserve banks, 47-48; use of, in connecti

with foreign trade, 79-80.
Bank credit, extent to which used as a medium of exchange

1913, 8-10.
Bank note, bond-secured, under federal reserve law, 50-51;

feder
reserve bank note, 51. See also federal reserve note and bar

reserves.
Bank-note inelasticity, under old banking system, 11-17; seasona

chart showing, 16.
Branches of national banks, may be established in foreign countri

80-81.
Canadian bank notes, elasticity of, compared with that of U.

national bank notes, 14-16.
Capital of federal reserve banks, minimum amount of, 29; amou

paid-in, 31; how subscribed, 31.
Capital required of banks organized for foreign trade, 81-82.
Centralization of bank reserves in respective federal reser

districts, 35-38.
Central reserve city banks, reserve requirements of, 37.
Class A directors of federal reserve banks, who and how electe

32.
Class B directors of federal reserve banks, who and how electe

32-33.
Class C directors of federal reserve banks, who and how chose

32-33.
Clearing-member banks, defined, 70.
Clearing out-of-town checks, under old banking system, 19-2
under federal reserve system, 70-75; cost of, how met, 73-74
system extended to cover promissory notes, trade bills

, tin
drafts and similar items, 74-75; services rendered by system,
Collateral loans, character of, which may be made by feder
reserve banks, 63-64.

204

« AnteriorContinuar »