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 12
... gold as it receives . If it holds coin on deposit it audits the issue of paper currency which constitutes merely warehouse receipts for coin stored . In addition it may issue fiat money , as we have done with our greenbacks . But the ...
... gold as it receives . If it holds coin on deposit it audits the issue of paper currency which constitutes merely warehouse receipts for coin stored . In addition it may issue fiat money , as we have done with our greenbacks . But the ...
Página 18
... gold reserves ; but it is weak , if not actually deceptive , in certain of the conditions imposed upon the issue of the notes , and in failing to insure their prompt and automatic redemption . 5. The plan is good in that memberships in ...
... gold reserves ; but it is weak , if not actually deceptive , in certain of the conditions imposed upon the issue of the notes , and in failing to insure their prompt and automatic redemption . 5. The plan is good in that memberships in ...
Página 38
... gold redemption on demand . Therefore , borrow- ing by individual banks against investment securi- ties or unliquid assets of any character should be left not at the discretion of the Federal reserve board but a matter for the banks to ...
... gold redemption on demand . Therefore , borrow- ing by individual banks against investment securi- ties or unliquid assets of any character should be left not at the discretion of the Federal reserve board but a matter for the banks to ...
Página 39
... gold to be held against them , the sole condition being the ability of a bank to redeem its notes at par on de- mand in Boston . The system was sound and for years gave the country a safe , elastic and perfectly satisfactory bank note ...
... gold to be held against them , the sole condition being the ability of a bank to redeem its notes at par on de- mand in Boston . The system was sound and for years gave the country a safe , elastic and perfectly satisfactory bank note ...
Página 42
... gold reserves and covered by liquid assets of short maturities . 3. Adequate provisions for automatic redemption ; and provision of means of forcing every bank to con- vert its notes into gold on demand or to go into bank- ruptcy . In ...
... gold reserves and covered by liquid assets of short maturities . 3. Adequate provisions for automatic redemption ; and provision of means of forcing every bank to con- vert its notes into gold on demand or to go into bank- ruptcy . In ...
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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...