Banking and Currency: Hearings Before the Committee on Banking and Currency, United States Senate, Sixty-third Congress, First Session, on H.R. 7837 (S. 2639) ... In Three Volumes, Parte1U.S. Government Printing Office, 1913 |
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Página 44
... borrowing the deficiency , but they have an additional liability by borrowing from the Federal reserve banks , and no bank feels nearly as much disposed to borrow money for the purpose of tending at it does to lend money out of its own ...
... borrowing the deficiency , but they have an additional liability by borrowing from the Federal reserve banks , and no bank feels nearly as much disposed to borrow money for the purpose of tending at it does to lend money out of its own ...
Página 64
... borrow from it . Senator SHAFROTH . They can not be subscribers . Mr. WEXLER . They may be Senator SHAFROTH . No ; I think not . Mr. WEXLER . They may not be , then ; I am not sure of that . The case is not analogous at all . Senator ...
... borrow from it . Senator SHAFROTH . They can not be subscribers . Mr. WEXLER . They may be Senator SHAFROTH . No ; I think not . Mr. WEXLER . They may not be , then ; I am not sure of that . The case is not analogous at all . Senator ...
Página 66
... borrow money on the 1st of March , for instance ; and they went to their portfolio and found that they had $ 5,000 maturing in 90 days , out of a total of $ 100,000 . They could use that much . They take that and discount it . Then in ...
... borrow money on the 1st of March , for instance ; and they went to their portfolio and found that they had $ 5,000 maturing in 90 days , out of a total of $ 100,000 . They could use that much . They take that and discount it . Then in ...
Página 70
... borrow at the same rate that the borrower in Illinois would of his own bank ? Mr. WEXLER . No. Senator WEEKS . But it would mean that the rediscount coming from the reserve bank would be " on all fours " in all sections , would it not ...
... borrow at the same rate that the borrower in Illinois would of his own bank ? Mr. WEXLER . No. Senator WEEKS . But it would mean that the rediscount coming from the reserve bank would be " on all fours " in all sections , would it not ...
Página 77
... borrow $ 1,000 , we take your note for $ 1,000 , and we give you in exchange for it our credit , which you can use . You could not use your own credit gen- erally . And we give you our credit . How do we give it to you ? We give you ...
... borrow $ 1,000 , we take your note for $ 1,000 , and we give you in exchange for it our credit , which you can use . You could not use your own credit gen- erally . And we give you our credit . How do we give it to you ? We give you ...
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Términos y frases comunes
50 per cent amount assets bank notes Bank of England bankers banking system believe BERRY bill borrow capital cash central bank central reserve cities CHAIRMAN circulation coin commercial paper committee Comptroller country banks currency demand depositors deposits discount dollars exchange fact Federal reserve bank Federal reserve board FLANNAGAN FORGAN FRAME funds give gold certificates gold reserve Government increase institution investment lawful money legal tender legal-tender liabilities loans MADDOX MARSHALL mean member bank ment millions national banks national-bank notes note issue panic present president Prof question reason redeemable redemption rediscount regional bank regional reserve bank reserve city banks reserve money REYNOLDS Senator BRISTOW Senator CRAWFORD Senator HITCHCOCK Senator NELSON Senator POMERENE Senator REED Senator SHAFROTH Senator WEEKS silver SPRAGUE Suppose thing tion trust companies United vaults WADE WEXLER York
Pasajes populares
Página 16 - 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 773 - Act contained shall be construed to prohibit such notes, drafts and bills of exchange, secured by staple agricultural products, or other goods, wares, or merchandise from being eligible for such discount; but such definition shall not include notes, drafts, or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds or other investment securities, except bonds and notes of the Government of the United States.
Página 317 - An Act to define and fix the standard of value, to maintain the parity of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes...
Página 11 - 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 836 - States and having an unimpaired capital sufficient to entitle it to become a national banking association under the provisions...
Página 6 - Any compensation that may be provided by boards of directors of Federal reserve banks for directors, officers or employees shall be subject to the approval of the Federal Reserve Board.
Página 12 - Any Federal reserve bank may make application to the local Federal reserve agent for such amount of the Federal reserve notes hereinbefore provided for as it may require. Such application shall be accompanied with a tender to the local Federal reserve agent of collateral in amount equal to the sum of the Federal reserve notes thus applied for and issued pursuant to such application.
Página 4 - As soon as practicable, the Secretary of the Treasury, the Secretary of Agriculture and the Comptroller of the Currency, acting as "The Reserve Bank Organization Committee," shall designate not less than eight nor more than twelve cities to be known as Federal reserve cities, and shall divide the continental United States, excluding Alaska, into districts, each district to contain only one of such Federal reserve cities.
Página 11 - 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' acceptances and bills of exchange of the kinds and maturities by this Act made eligible for rediscount, with or without the indorsement of a member bank.