Money and BankingAppleton, 1920 - 515 páginas |
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Página 19
... treasury notes to circulate as money . Such quantities were issued that they depreciated rapidly in value . Gold and silver coins disappeared from eirculation because people could melt them down and exchange the bullion for these notes ...
... treasury notes to circulate as money . Such quantities were issued that they depreciated rapidly in value . Gold and silver coins disappeared from eirculation because people could melt them down and exchange the bullion for these notes ...
Página 25
... Treasury , in his report on the establishment of a mint . The principal features of this first coinage act were the adoption of the bimetallic system , of the decimal system of reckoning , and of the dollar as the unit of value . The ...
... Treasury , in his report on the establishment of a mint . The principal features of this first coinage act were the adoption of the bimetallic system , of the decimal system of reckoning , and of the dollar as the unit of value . The ...
Página 31
... Treasury Department to purchase not less than $ 2,000,000 worth nor more than $ 4,000,000 worth of silver bullion a month and to coin it into standard silver dollars of 4121 grains , which were again made legal tender . Under the ...
... Treasury Department to purchase not less than $ 2,000,000 worth nor more than $ 4,000,000 worth of silver bullion a month and to coin it into standard silver dollars of 4121 grains , which were again made legal tender . Under the ...
Página 32
... treasury notes of 1890 , and to maintain the silver dollars and silver certificates at a parity with gold . Greenbacks were redeemable in gold at the Treasury , but the law pro- vided for their immediate reissue . Banks were ...
... treasury notes of 1890 , and to maintain the silver dollars and silver certificates at a parity with gold . Greenbacks were redeemable in gold at the Treasury , but the law pro- vided for their immediate reissue . Banks were ...
Página 33
... Treasury of its embarrassment nor provide a remedy for the currency ills . The gold reserve of the Treasury continued to decline until it had reached $ 65 , - 000,000 in January , 1894. President Cleveland tried to get legislation ...
... Treasury of its embarrassment nor provide a remedy for the currency ills . The gold reserve of the Treasury continued to decline until it had reached $ 65 , - 000,000 in January , 1894. President Cleveland tried to get legislation ...
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Termos e frases comuns
acceptances amendment amount assets authorized balance Bank of England bank's bankers banking system bill of lading bills of exchange borrower broker bullion capital and surplus capital stock cash cent central reserve centum charter checks clearing house collateral collection commercial bank commercial paper Comptroller corporation country banks currency customers demand depositors deposits discount district drafts drawn eral reserve exports face type indicates Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve notes Federal reserve system foreign exchange funds gold certificates gold reserve increase index number indorsement investment legal tender liabilities member banks ment NOTE-Bold face type notes issued officers operations organization paid payable payment profit purchase receive redeem redemption rediscount regulations savings banks Secretary seigniorage sell serve banks silver dollars standard stockholders teller tion transactions Treasury trust companies United York
Passagens mais conhecidas
Página 496 - 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 501 - 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 389 - Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Página 472 - Currency shall be authorized and empowered to grant by special permit to national banks applying therefor, when not in contravention of State or local law, the right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, committee of estates of lunatics, or in any other fiduciary capacity...
Página 458 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on...
Página 256 - Board, 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 497 - 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 496 - The stockholders in any national banking association who shall have transferred their shares or registered the transfer thereof within sixty days next before the date of the failure of such association to meet its obligations, or with knowledge of such impending failure, shall be liable to the same extent as if they had made no such transfer, to the extent that the subsequent transferee fails to meet such liability...
Página 477 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months sight to run, exclusive of days of grace, which grow out of transactions involving the importation or exportation of goods; or which grow out of transactions involving the domestic shipment of goods provided shipping documents conveying or securing title are attached at the time of acceptance; or which are secured at the time of acceptance by a warehouse receipt or other such document conveying or...
Página 453 - 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.