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 StatesNational City Bank of New York, 1913 - 77 páginas |
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Página 17
... branches as may be required . Under the plan pro- posed , many member banks no doubt will be stronger in capitalization , and probably also in resources , than are the branches with which such banks are required to do business . This ...
... branches as may be required . Under the plan pro- posed , many member banks no doubt will be stronger in capitalization , and probably also in resources , than are the branches with which such banks are required to do business . This ...
Página 24
... branches , working together , but acting independently within their respective spheres , much as do separate committees on ordinary boards of directors ? ( 1 ) The Supervisory or Government branch to consist , let us say , of six ...
... branches , working together , but acting independently within their respective spheres , much as do separate committees on ordinary boards of directors ? ( 1 ) The Supervisory or Government branch to consist , let us say , of six ...
Página 25
... branches , etc. might properly be made joint and rest in the whole board , of which the Secretary of the Treasury ... branch might be fixed either by the whole board or by the votes of the directors of the regional banks , or in any ...
... branches , etc. might properly be made joint and rest in the whole board , of which the Secretary of the Treasury ... branch might be fixed either by the whole board or by the votes of the directors of the regional banks , or in any ...
Página 36
... branches . Such power should be limited or subject to some control because of the manifest possibilities of abuse . II . To create new districts or readjust old ones upon the application of ten or more national banks . There does not ...
... branches . Such power should be limited or subject to some control because of the manifest possibilities of abuse . II . To create new districts or readjust old ones upon the application of ten or more national banks . There does not ...
Página 42
... branches as may be re- quired . 2 . Sound provisions for the free flux and reflux of bank notes , supported by strong gold reserves and covered by liquid assets of short maturities . 3. Adequate provisions for automatic redemption ; and ...
... branches as may be re- quired . 2 . Sound provisions for the free flux and reflux of bank notes , supported by strong gold reserves and covered by liquid assets of short maturities . 3. Adequate provisions for automatic redemption ; and ...
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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 |
Términos y frases comunes
amount appointed assets balances BANK EXAMINATIONS bank note issue bank or banking bank reserves bank-note bankers banking and currency banking business banks in reserve bills of exchange board of directors capital stock central bank central reserve cities centum bonds chairman charter circulating notes CITY BANK Comptroller country banks country national banks deposits directors of Class discount discretion eral reserve bank Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve Treasury five per centum fixed functions funds gold Government hereinbefore provided investment legislation loans maturing member banks ment National Bank Act national banking association officer or director organization outstanding paper political principles proposed receive redemption rediscount regional banks regional reserve banks regulations reserve and central reserve requirements reserve Treasury notes respect Secretary securities serve banks stockholders subscribing bank sum equal three per centum tion twenty per centum uncon unimpaired capital United
Pasajes populares
Página 69 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than three months...
Página 66 - States and having an unimpaired capital sufficient to entitle it to become a national banking association under the provisions...
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...