The A B C of the Federal Reserve SystemPrinceton University Press, 1920 - 208 páginas |
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Página 31
... surplus . Only one- half of this subscription has so far been called , giving the federal reserve banks a paid - in capital of $ 85,140,000 on September 12 , 1919 , but the other half may be called at any time by the fed- eral reserve ...
... surplus . Only one- half of this subscription has so far been called , giving the federal reserve banks a paid - in capital of $ 85,140,000 on September 12 , 1919 , but the other half may be called at any time by the fed- eral reserve ...
Página 46
... surplus ( Revised statutes , section 5200 ) , and it is very easy to turn into cash before maturity either by sale in the open market or by rediscount at a federal reserve bank because of the prefer- ential discount rates given such ...
... surplus ( Revised statutes , section 5200 ) , and it is very easy to turn into cash before maturity either by sale in the open market or by rediscount at a federal reserve bank because of the prefer- ential discount rates given such ...
Página 55
... surplus notes are deposited by the public in the banks . Inasmuch as national * banks cannot count these notes in their vaults as legal reserve money , they will tend to send to their federal reserve banks for deposit any notes they ...
... surplus notes are deposited by the public in the banks . Inasmuch as national * banks cannot count these notes in their vaults as legal reserve money , they will tend to send to their federal reserve banks for deposit any notes they ...
Página 59
... surplus fund until the surplus shall amount to 100 per cent of the subscribed capital stock . After this 100 per cent surplus is accumulated , 10 per cent of the net earnings , above 6 per cent dividend charges is to be added annually ...
... surplus fund until the surplus shall amount to 100 per cent of the subscribed capital stock . After this 100 per cent surplus is accumulated , 10 per cent of the net earnings , above 6 per cent dividend charges is to be added annually ...
Página 80
... surplus of a million dollars or over may be authorized under certain restrictions to establish branches abroad ; and many such branches have already been established . National banks may furthermore invest to an amount not exceeding 10 ...
... surplus of a million dollars or over may be authorized under certain restrictions to establish branches abroad ; and many such branches have already been established . National banks may furthermore invest to an amount not exceeding 10 ...
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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...