The A B C of the Federal Reserve SystemPrinceton University Press, 1920 - 208 páginas |
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Página xi
... ment deserves the support now enjoyed . During these four years , however , the work of organization , and during the last year and a half the work assumed by the Federal Re- serve banks as fiscal agents of the Government , have so ...
... ment deserves the support now enjoyed . During these four years , however , the work of organization , and during the last year and a half the work assumed by the Federal Re- serve banks as fiscal agents of the Government , have so ...
Página xii
... of war bonds , certificates of indebtedness and govern- ment funds would have complicated , and , pos- sibly , rendered less clear the description of the position the federal reserve system occupies in the banking field xii PREFACE.
... of war bonds , certificates of indebtedness and govern- ment funds would have complicated , and , pos- sibly , rendered less clear the description of the position the federal reserve system occupies in the banking field xii PREFACE.
Página 26
... ment deposits in times of financial pressure stead of depending upon themselves and keep " their houses in order " so as to be ready emergencies . " The grandfatherly attitude the Secretary of the Treasury toward the bar in the matter ...
... ment deposits in times of financial pressure stead of depending upon themselves and keep " their houses in order " so as to be ready emergencies . " The grandfatherly attitude the Secretary of the Treasury toward the bar in the matter ...
Página 32
... ment of September 26 , 1918 this requirement was discontinued . At present the federal reserve board has authority to determine the number of banks which shall constitute each group , being merely subject to the requirement that " each ...
... ment of September 26 , 1918 this requirement was discontinued . At present the federal reserve board has authority to determine the number of banks which shall constitute each group , being merely subject to the requirement that " each ...
Página 36
... ment was passed to the federal reserve act requir- ing every bank , banking association or trust com- pany belonging to the federal reserve system to maintain its entire legal reserve in the form of a deposit at the federal reserve bank ...
... ment was passed to the federal reserve act requir- ing every bank , banking association or trust com- pany belonging to the federal reserve system to maintain its entire legal reserve in the form of a deposit at the federal reserve bank ...
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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
Passagens mais conhecidas
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...