Money and BankingAppleton, 1920 - 515 páginas |
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Página 4
... paid in money , and the promise to pay is regarded as the full equivalent of the thing being sold . If the promise to pay is put in the form of a promis- sory note , it immediately becomes a valuable medium of exchange . The ...
... paid in money , and the promise to pay is regarded as the full equivalent of the thing being sold . If the promise to pay is put in the form of a promis- sory note , it immediately becomes a valuable medium of exchange . The ...
Página 6
... paid in tobacco . Fluctuations in the price of tobacco wrought great hardships and inequalities from year to year . As soon as it was generally recognized in a community that a particular article could be sold at any time it took on a ...
... paid in tobacco . Fluctuations in the price of tobacco wrought great hardships and inequalities from year to year . As soon as it was generally recognized in a community that a particular article could be sold at any time it took on a ...
Página 31
... paid for by the issue of treasury notes . These notes were made full legal tender , and were redeemable in gold or silver coin at the discretion of the Secretary of the Treasury . They were known as " coin notes , " also as " Sherman ...
... paid for by the issue of treasury notes . These notes were made full legal tender , and were redeemable in gold or silver coin at the discretion of the Secretary of the Treasury . They were known as " coin notes , " also as " Sherman ...
Página 33
... paid for the bonds being drawn from the Treasury in advance or later by the presentation of greenbacks for redemption . Within a few weeks follow- ing the second loan , $ 80,000,000 was drawn from the Treas- ury in gold . People had ...
... paid for the bonds being drawn from the Treasury in advance or later by the presentation of greenbacks for redemption . Within a few weeks follow- ing the second loan , $ 80,000,000 was drawn from the Treas- ury in gold . People had ...
Página 40
... paid out again just as coin is paid in discharge of its obligations . The Government merely guarantees its redemption in specie , a certain amount of which is kept on hand for the purpose . Our United States notes or greenbacks are a ...
... paid out again just as coin is paid in discharge of its obligations . The Government merely guarantees its redemption in specie , a certain amount of which is kept on hand for the purpose . Our United States notes or greenbacks are a ...
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Termos e frases comuns
acceptances amendment amount assets authorized balance bank notes Bank of England bank's bankers banking system bill of lading bills of exchange bonds borrower broker bullion capital and surplus capital stock cash cent central reserve centum charter checks clearing house coin 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 Government guaranty index numbers indorsement investment keep liabilities maturity member banks ment national banks NOTE-Bold face type notes issued operations organized paid payable payment purchase receive redemption rediscount regulations savings banks Secretary sell serve banks 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.