The A B C of the Federal Reserve SystemPrinceton University Press, 1920 - 208 páginas |
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Página 11
... make the market value at least equal to the notes issued . In recent years the market value of these bonds has been usually above the par value . involved a number of incidental expenses , includ- ing a FEDERAL RESERVE SYSTEM 11.
... make the market value at least equal to the notes issued . In recent years the market value of these bonds has been usually above the par value . involved a number of incidental expenses , includ- ing a FEDERAL RESERVE SYSTEM 11.
Página 12
... issued , the double profit was usually not a very substantial one . Inasmuch as not more than $ 100 in notes could be issued against $ 100 par value of bonds regard- less of how high a premium the bonds bore in the market , and inasmuch ...
... issued , the double profit was usually not a very substantial one . Inasmuch as not more than $ 100 in notes could be issued against $ 100 par value of bonds regard- less of how high a premium the bonds bore in the market , and inasmuch ...
Página 13
... issued , 3 made it impracticable for banks to meet temporary needs for additional currency , like those of the crop - moving period , by issuing additional notes . About all that can be said fa- vorable to the seasonal elasticity of the ...
... issued , 3 made it impracticable for banks to meet temporary needs for additional currency , like those of the crop - moving period , by issuing additional notes . About all that can be said fa- vorable to the seasonal elasticity of the ...
Página 15
... issued in August , 1914 , reached their maximum in October , and were all retired by the following July . Legal authority to issue such emergency notes expired by limitation June 30 , 1915 . Federal Reserve Act , section 27 . MII ...
... issued in August , 1914 , reached their maximum in October , and were all retired by the following July . Legal authority to issue such emergency notes expired by limitation June 30 , 1915 . Federal Reserve Act , section 27 . MII ...
Página 51
... issued by the federal reserve banks instead of by the na- tional banks . They are secured by a specific de- posit , with the United States treasurer , of bonds or of certain short - time obligations of the United States . Up to the ...
... issued by the federal reserve banks instead of by the na- tional banks . They are secured by a specific de- posit , with the United States treasurer , of bonds or of certain short - time obligations of the United States . Up to the ...
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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.