The Discount Policy of the Federal Reserve SystemH. Holt, 1924 - 604 páginas |
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Página 8
... regulation limiting the rate of interest to 5 % pre- vented the Bank from curbing the speculative spirit of the merchants ( had it been willing ) , by raising the rate of discount , when neces- sary , above this figure . " It is ...
... regulation limiting the rate of interest to 5 % pre- vented the Bank from curbing the speculative spirit of the merchants ( had it been willing ) , by raising the rate of discount , when neces- sary , above this figure . " It is ...
Página 30
... regulations governing eligible paper , and their attitude toward Lombard loans . The Discount Policy of the Bank of England . Of the three central reserve banks selected for our study , the oldest is the Bank of England , whose history ...
... regulations governing eligible paper , and their attitude toward Lombard loans . The Discount Policy of the Bank of England . Of the three central reserve banks selected for our study , the oldest is the Bank of England , whose history ...
Página 130
... regulations of the Board interpret- ing these provisions . The Bank Rate . Section 14 , Clause D , of the Federal Reserve Act empowers each regional bank to establish from time to time , subject to review and determination of the ...
... regulations of the Board interpret- ing these provisions . The Bank Rate . Section 14 , Clause D , of the Federal Reserve Act empowers each regional bank to establish from time to time , subject to review and determination of the ...
Página 139
... regulations as may be imposed by the Federal Reserve Board . Analysis of Section 13. Section 13 of the Federal Reserve Act does two things : in the first place , it definitely declares certain types of paper ineligible for discount ...
... regulations as may be imposed by the Federal Reserve Board . Analysis of Section 13. Section 13 of the Federal Reserve Act does two things : in the first place , it definitely declares certain types of paper ineligible for discount ...
Página 141
... regulations of the Reserve Board , and that it must mature within a specified time . Paper which has arisen from speculative transactions is prohibited as well as paper , excepting that drawn as a result of trading in Government ...
... regulations of the Reserve Board , and that it must mature within a specified time . Paper which has arisen from speculative transactions is prohibited as well as paper , excepting that drawn as a result of trading in Government ...
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 Governor Harding Ibid imports increase inflation interest rates investment issued January Joint Commission June Kansas City Liberty bonds loans market rates member banks months national banks paper maturing period progressive rates purchased raised rates of discount rates of interest rediscount Regional Banks Reichsbank rise 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...