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 11
... discretion in the management must be re- sponsible to the stockholders ; the Board that exer- cises supervision , should be composed of government officials , but their sole function should be such super- vision as will insure the most ...
... discretion in the management must be re- sponsible to the stockholders ; the Board that exer- cises supervision , should be composed of government officials , but their sole function should be such super- vision as will insure the most ...
Página 35
... discretion . The last clause is a joker . No good purpose can be served by placing such power in the hands of any board , but in the hands of politicians it would be sub- ject to oppressive and dangerous abuses . Since the power is ...
... discretion . The last clause is a joker . No good purpose can be served by placing such power in the hands of any board , but in the hands of politicians it would be sub- ject to oppressive and dangerous abuses . Since the power is ...
Página 36
... discretion of the Federal reserve board . This power gives control of the board of directors of every Federal reserve bank to the Federal reserve board , because in addition to the power of removal they have the power to appoint three ...
... discretion of the Federal reserve board . This power gives control of the board of directors of every Federal reserve bank to the Federal reserve board , because in addition to the power of removal they have the power to appoint three ...
Página 37
... discretion , without notice . It would be difficult to organize the Fed- eral reserve banks in respect of their directors so as to leave the minority of three directors represent- ing the stockholding banks more helpless . V. The ...
... discretion , without notice . It would be difficult to organize the Fed- eral reserve banks in respect of their directors so as to leave the minority of three directors represent- ing the stockholding banks more helpless . V. The ...
Página 38
... discretion- ary power to authorize loans to be made directly by Federal reserve banks to THEIR members against bonds and other specified securities , which is unsound both in theory and in practice . Bank notes cannot safely be issued ...
... discretion- ary power to authorize loans to be made directly by Federal reserve banks to THEIR members against bonds and other specified securities , which is unsound both in theory and in practice . Bank notes cannot safely be issued ...
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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 application appointed assets balances BANK EXAMINATIONS bank is located bank note issue bank or banking bank reserves bank-note bankers banking and currency 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 demand liabilities deposits Directors of class discount discretion eral reserve bank establish branches Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve Treasury five per centum fund gold Government hereinbefore provided investment legislation loans maturities member banks National Bank Act national banking association officer or director organization outstanding paper political 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 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...