Pending Banking Legislation: Letters by Officers of the National City Bank of New York to the Banking and Currency Committees of the Congress of the United States
National City Bank of New York, 1913 - 77 páginas
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Pending Banking Legislation: Letters by Officers of the National City Bank ...
National City Bank of New York
Sin vista previa disponible - 2016
addition advantages amount application appointed assets authority balances bank notes bankers become bill board of directors bonds branches capital central centum chairman character charged charter checks circulation Comptroller conduct considerable country banks currency demand deposits designated discount discretion district duties equal established examinations exchange existing Federal reserve bank Federal Reserve Board five fixed foreign four functions funds given gold Government granted hands hereinbefore holding interest investment issue lawful money legislation less loans maintain maturing member banks MICHIGAN months national banking association necessary organization outstanding paid passage period person political practical principles privilege proposed question reason receive redemption rediscount regulations reserve agent reserve cities respect responsible Secretary securities serve shares sound stockholders term tion Treasury Treasury notes twenty United whole
Página 69 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than three months...
Página 72 - Any Federal reserve bank may at any time reduce its liability for outstanding Federal reserve notes by depositing with the Federal reserve agent its Federal reserve notes, gold, gold certificates, or lawful money of the United States.
Página 59 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Página 73 - So much of the provisions of section fifty-one hundred and fifty-nine of the Revised Statutes of the United States, and section four of the Act of June twentieth, eighteen hundred and seventyfour, and section eight of the Act of July twelfth, eighteen hundred and eighty-two, and of any other provisions of existing statutes as require that before any national banking...
Página 63 - The Reserve Bank Organization Committee may, in organizing Federal reserve banks, call such meetings of bank directors in the several districts as may be necessary to carry out the purposes of this Act, and may exercise the functions herein conferred upon the chairman of the board of directors of each Federal reserve bank pending the complete organization of such bank.
Página 70 - Board, to open and maintain [banking] accounts in foreign countries, appoint correspondents, and establish agencies in such countries wheresoever it may be deemed best for the purpose of purchasing, selling, and collecting bills of exchange, and to buy and sell, with or without its indorsement, through such correspondents or agencies, bills of exchange...