The A B C of the Federal Reserve SystemPrinceton University Press, 1920 - 208 páginas |
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Página 35
... organize such bank . " ( 4 ) " To exercise general supervision over said federal reserve banks . " Federal Reserve Act , Section 11 . the percentage of the legal reserves of member banks kept FEDERAL RESERVE SYSTEM 85.
... organize such bank . " ( 4 ) " To exercise general supervision over said federal reserve banks . " Federal Reserve Act , Section 11 . the percentage of the legal reserves of member banks kept FEDERAL RESERVE SYSTEM 85.
Página 57
... exercise an in- fluence in the direction of causing their retire- ment when they become redundant . In view of the fact , however , that the question of legal ten- der is rarely raised in connection with money which is not depreciated ...
... exercise an in- fluence in the direction of causing their retire- ment when they become redundant . In view of the fact , however , that the question of legal ten- der is rarely raised in connection with money which is not depreciated ...
Página 68
... exercise such functions , and may also require each such bank to exercise the functions of a clearing house for its member banks " ( Section 16 ) . The same section of the law also requires federal banks to " receive on deposit at par ...
... exercise such functions , and may also require each such bank to exercise the functions of a clearing house for its member banks " ( Section 16 ) . The same section of the law also requires federal banks to " receive on deposit at par ...
Página 70
... exercises the func- tions of a clearing house in its district for mem- ber banks and for qualified non - member banks , known as " clearing member banks . " From such banks in its district the federal reserve bank will receive at par ...
... exercises the func- tions of a clearing house in its district for mem- ber banks and for qualified non - member banks , known as " clearing member banks . " From such banks in its district the federal reserve bank will receive at par ...
Página 106
... exercise by its board of directors , or duly authorized officers or agents , all powers specifically granted by the provisions of this Act and such incidental powers as shall be nec- essary to carry on the business of banking with- in ...
... exercise by its board of directors , or duly authorized officers or agents , all powers specifically granted by the provisions of this Act and such incidental powers as shall be nec- essary to carry on the business of banking with- in ...
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Termos e frases comuns
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
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Página 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...
Página 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.
Página 101 - Board, by the Comptroller of the Currency in his own name before the association shall be declared dissolved.
Página 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.
Página 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:
Página 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...
Página 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.
Página 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.
Página 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.
Página 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...