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 |
Dentro del libro
Resultados 1-5 de 11
Página 10
... period , prosperous banking without prosperous business . The conduct of this central bank can never be suc- cessful unless the men who have the power , the author- ity , and the responsibility , are in close , active , working touch ...
... period , prosperous banking without prosperous business . The conduct of this central bank can never be suc- cessful unless the men who have the power , the author- ity , and the responsibility , are in close , active , working touch ...
Página 16
... periods of scarcity of currency at one time or of a redundancy at another . Rarely is the amount of currency in circulation at any time exactly balanced to the needs of trade . Such an adjustment takes place only during brief and ...
... periods of scarcity of currency at one time or of a redundancy at another . Rarely is the amount of currency in circulation at any time exactly balanced to the needs of trade . Such an adjustment takes place only during brief and ...
Página 26
... Periods of acute financial stress are becoming , therefore , more frequent and more or less chronic , resulting occasionally in crises which may be resolved only by greater and greater losses and disasters unless we shall reorganize our ...
... Periods of acute financial stress are becoming , therefore , more frequent and more or less chronic , resulting occasionally in crises which may be resolved only by greater and greater losses and disasters unless we shall reorganize our ...
Página 32
... period not exceed- ing nine months , would be of advantage to them in but one way , and that is to permit a farmer to mort- gage his land to secure his current yearly borrowing needs . Farm loans are usually sought and obtained upon a ...
... period not exceed- ing nine months , would be of advantage to them in but one way , and that is to permit a farmer to mort- gage his land to secure his current yearly borrowing needs . Farm loans are usually sought and obtained upon a ...
Página 35
... periods of not more than fifteen days , all reserve requirements . Some such power might be useful in panics , but it is so great that it cannot in safety be delegated to persons inexperienced in finance and not of proved ability ; and ...
... periods of not more than fifteen days , all reserve requirements . Some such power might be useful in panics , but it is so great that it cannot in safety be delegated to persons inexperienced in finance and not of proved ability ; and ...
Otras ediciones - Ver todas
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...