The Discount Policy of the Federal Reserve SystemH. Holt, 1924 - 604 páginas |
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Página 4
... MILLION POUNDS 30 MILLION POUNDS 130 20 20 NOTE CIRCULATION DISCOUNTS 10 * ... * GOLD RESERVE 0 1790 1800 1810 1820 10 0 1830 CHART I : FLUCTUATIONS IN THE NOTE CIRCULATION , DISCOUNTS AND GOLD RESERVE OF THE BANK OF ENGLAND . 5 The ...
... MILLION POUNDS 30 MILLION POUNDS 130 20 20 NOTE CIRCULATION DISCOUNTS 10 * ... * GOLD RESERVE 0 1790 1800 1810 1820 10 0 1830 CHART I : FLUCTUATIONS IN THE NOTE CIRCULATION , DISCOUNTS AND GOLD RESERVE OF THE BANK OF ENGLAND . 5 The ...
Página 14
... million pounds of notes were issued , which Macleod claims completely allayed the London panic.11 Comment on the Foregoing . In the management of the dis- count rate during this crisis , the Bank erred in not raising the rate sooner ...
... million pounds of notes were issued , which Macleod claims completely allayed the London panic.11 Comment on the Foregoing . In the management of the dis- count rate during this crisis , the Bank erred in not raising the rate sooner ...
Página 23
... Millions in December to Three Millions in April . " 69 Though the exchanges had been unfavorable since the 14th of November , and though the market rate of discount for the finest bills had been above 3 % during November and December of ...
... Millions in December to Three Millions in April . " 69 Though the exchanges had been unfavorable since the 14th of November , and though the market rate of discount for the finest bills had been above 3 % during November and December of ...
Página 27
... million pounds of notes in excess of the statutory limits . After November 30 no notes were issued in excess of these limits . The crisis was caused by ( 1 ) an unprecedented extension of foreign trade , ( 2 ) ex- The testimony of ...
... million pounds of notes in excess of the statutory limits . After November 30 no notes were issued in excess of these limits . The crisis was caused by ( 1 ) an unprecedented extension of foreign trade , ( 2 ) ex- The testimony of ...
Página 49
... Millions of marks Sight Exchange Rates On Date of Change on London Paris New York 1906 Jan. 18 May 23 Sept. 18 6 % -5 % 709 5 42 814 20.420 81.35 20.480 81.35 419.00 421.75 42-5 643 20.435 81.10 421.00 Oct. 10 Dec. 18 1907 Jan. 22 April ...
... Millions of marks Sight Exchange Rates On Date of Change on London Paris New York 1906 Jan. 18 May 23 Sept. 18 6 % -5 % 709 5 42 814 20.420 81.35 20.480 81.35 419.00 421.75 42-5 643 20.435 81.10 421.00 Oct. 10 Dec. 18 1907 Jan. 22 April ...
Outras edições - Ver todos
The Discount Policy of the Federal Reserve System Benjamin Haggott Beckhart Visualização completa - 1924 |
Termos e frases comuns
Agricultural Inquiry Aldrich Plan amendment American amount Annual Report April bank notes Bank of England Bank of France Bank rate bankers banking system bills of exchange borrowings bullion central banks central reserve bank certificates collateral commercial paper Commission of Agricultural Committee commodities Dallas December deflation demand deposits discount market discount policy discount rate district dollars drafts Economic eligible paper exports Federal Reserve Act Federal Reserve Bank Federal Reserve Board Federal Reserve Bulletin Federal Reserve notes Federal Reserve System Financial Chronicle fluctuations foreign exchanges funds Glass Bill Government Ibid imports increase inflation interest rates investment issued January Joint Commission June Kansas City Liberty bonds loans market rates member banks millions months national banks paper maturing period progressive rates purchased raised rates of discount rates of interest rediscount Regional Banks Reichsbank rise Section securities Senate speculation tion trade acceptances transactions Treasury United York
Passagens mais conhecidas
Página 160 - Notes, drafts, and bills admitted to discount under the terms of this paragraph must have a maturity at the time of discount of not more than ninety days...
Página 161 - ... sight, exclusive of days of grace, and which are indorsed by at least one member bank. "Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months...
Página 172 - ... not defaulted in the payment of any part of either principal or interest of any funded debt authorized to be contracted by it, and...
Página 155 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Página 167 - To buy and sell, at home or abroad, bonds and notes of the United States, and bills, notes, revenue bonds, and warrants with a maturity from date of purchase of not exceeding six months...
Página 168 - ... 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, such purchases to be made in accordance with rules and regulations prescribed by the Federal Reserve Board...
Página 143 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange...
Página 145 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Página 169 - Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve 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...
Página 154 - 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...