The A B C of the Federal Reserve SystemPrinceton University Press, 1920 - 208 páginas |
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Página vi
... bond - secured national bank notes , 50-51 . - The federal reserve bank note , 51. - Federal reserve notes , 51-52 . — Their elasticity , 52-57 . - Elasticity of deposit currency obtained in a num- ber of ways : Removal of old rigid ...
... bond - secured national bank notes , 50-51 . - The federal reserve bank note , 51. - Federal reserve notes , 51-52 . — Their elasticity , 52-57 . - Elasticity of deposit currency obtained in a num- ber of ways : Removal of old rigid ...
Página vii
... BONDS TO MEET EXPENDITURES FOR THE NATIONAL SECURITY AND DEFENCE , APPROVED APRIL 24 , 1917 , WHICH AF- FECTS FEDERAL RESERVE BANKS AND MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM " 184-185 APPENDIX E THE " PITTMAN ACT " OF APRIL 23 ...
... BONDS TO MEET EXPENDITURES FOR THE NATIONAL SECURITY AND DEFENCE , APPROVED APRIL 24 , 1917 , WHICH AF- FECTS FEDERAL RESERVE BANKS AND MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM " 184-185 APPENDIX E THE " PITTMAN ACT " OF APRIL 23 ...
Página xii
... bonds , certificates of indebtedness and govern- ment funds would have complicated , and , pos- sibly , rendered less clear the description of the position the federal reserve system occupies in the banking field xii PREFACE.
... bonds , certificates of indebtedness and govern- ment funds would have complicated , and , pos- sibly , rendered less clear the description of the position the federal reserve system occupies in the banking field xii PREFACE.
Página 5
... bonds can not be sold on any extensive scale except at great sacrifices and at the risk of financial co1- lapse . Experience has shown that securities are not sold to any large extent by banks at such times . The losses involved would ...
... bonds can not be sold on any extensive scale except at great sacrifices and at the risk of financial co1- lapse . Experience has shown that securities are not sold to any large extent by banks at such times . The losses involved would ...
Página 11
... bonds , and interest on the notes when they were loaned out as money . After 1900 the bonds used , however , were mostly two per cent bonds of 1930 , and as the issue of bank notes 1 If the market value were below the par value ...
... bonds , and interest on the notes when they were loaned out as money . After 1900 the bonds used , however , were mostly two per cent bonds of 1930 , and as the issue of bank notes 1 If the market value were below the par value ...
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Términos y frases comunes
amended by act amount appointed authorized bank or trust bank reserves bank's ber banks bills of exchange board of directors bonds capital and surplus capital stock cent central reserve city centum chap checks collateral commercial paper Comptroller corporation organized country bank deposit currency discount drafts elasticity employee eral reserve bank eral Reserve Board examination expenses federal reserve act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve district Federal reserve notes federal reserve system gold certificates Government held hereby invested June 21 loans ment money market national banking association national-bank nineteen hundred notes issued officer organization certificate organization committee paid payment poration prescribed purchase purpose rates receive redemption rediscount regulations reserve bank notes reserve law Revised Statutes Secretary securities serve bank standard silver dollars thereof tion Treasury trust company twelve federal reserve United States Revised vote
Pasajes populares
Página 161 - 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 166 - The amount of its capital stock and the number of shares into which the same shall be divided.
Página 163 - 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 132 - 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 arising out of actual commercial transactions...
Página 135 - 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 167 - The persons signing the organization certificate shall duly acknowledge the execution thereof before a judge of some court of record or notary public, who shall certify thereto under the seal of such court or notary...
Página 138 - ... 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 181 - 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 175 - 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 127 - To suspend, for the violation of any of the provisions of this act, the operations of any Federal reserve bank, to take possession thereof, administer the same during the period of suspension, and, when deemed advisable, to liquidate or reorganize such bank.