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 6
... issue bond - secured bank - note circulation . That has been of no great advantage , because the bank always had to expend more of its cash for bonds than it received back in bank notes . It has shown some ostensible profit . In ...
... issue bond - secured bank - note circulation . That has been of no great advantage , because the bank always had to expend more of its cash for bonds than it received back in bank notes . It has shown some ostensible profit . In ...
Página 12
... 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 distinction between money should be kept clear , and where that ...
... 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 distinction between money should be kept clear , and where that ...
Página 13
... issue and disappear . Complete redemption facilities will take care of any danger of inflation , and the amount of such notes in circulation will be correctly gauged by the com- bined judgment of all persons in the country who use ...
... issue and disappear . Complete redemption facilities will take care of any danger of inflation , and the amount of such notes in circulation will be correctly gauged by the com- bined judgment of all persons in the country who use ...
Página 16
... issues based upon practically a fixed amount of Government bonds and thereby deprived of the essential quality of flexibility . The result of this is that as trade naturally rises and falls in volume , there are constantly recurring ...
... issues based upon practically a fixed amount of Government bonds and thereby deprived of the essential quality of flexibility . The result of this is that as trade naturally rises and falls in volume , there are constantly recurring ...
Página 17
... as a basis for note issues . is also weak in granting to the Federal reserve board the discretionary power to authorize loans against It investment securities ; and also in granting the Board power 17 Officers Letters .
... as a basis for note issues . is also weak in granting to the Federal reserve board the discretionary power to authorize loans against It investment securities ; and also in granting the Board power 17 Officers Letters .
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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...