The A B C of the Federal Reserve SystemPrinceton University Press, 1920 - 208 páginas |
Dentro del libro
Resultados 1-5 de 11
Página 1
... reasons why the fed- eral reserve system was called into being , the main features of its organization , and how it works . Although the federal reserve act of 1913 is one of the most important pieces of financial legislation enacted in ...
... reasons why the fed- eral reserve system was called into being , the main features of its organization , and how it works . Although the federal reserve act of 1913 is one of the most important pieces of financial legislation enacted in ...
Página 31
... reserve branch banks are contained in the federal reserve act ( section 3 ) . Up to Sep- tember , 1919 , twenty - one branch banks had been established . banks from dominating the small ones by reason of their FEDERAL RESERVE SYSTEM 81.
... reserve branch banks are contained in the federal reserve act ( section 3 ) . Up to Sep- tember , 1919 , twenty - one branch banks had been established . banks from dominating the small ones by reason of their FEDERAL RESERVE SYSTEM 81.
Página 32
Edwin Walter Kemmerer. banks from dominating the small ones by reason of their greater prestige and to assure the small banks of representation on the board of directors , there is a device by which all the member banks are divided ...
Edwin Walter Kemmerer. banks from dominating the small ones by reason of their greater prestige and to assure the small banks of representation on the board of directors , there is a device by which all the member banks are divided ...
Página 37
... reasons that will soon be made clear the concentration of the country's reserve money in a few large reservoirs makes possible a much more efficient use of each dollar of reserve money than under the old system of scattered reserves ...
... reasons that will soon be made clear the concentration of the country's reserve money in a few large reservoirs makes possible a much more efficient use of each dollar of reserve money than under the old system of scattered reserves ...
Página 45
... reason ; he has a promise from the buyer to pay at a definite date ; and he has the buyer's obligation expressed in the form of a negotiable instrument which is highly liquid , and which enjoys prefer- ential rediscount rates at all ...
... reason ; he has a promise from the buyer to pay at a definite date ; and he has the buyer's obligation expressed in the form of a negotiable instrument which is highly liquid , and which enjoys prefer- ential rediscount rates at all ...
Otras ediciones - Ver todas
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.