The Operation of the New Bank ActJ. B. Lippincott Company, 1914 - 431 páginas |
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Página 17
... discount market where commercial paper can be sold under the most favorable conditions and at lower rates than we have ever enjoyed , and many other important matters of a similar character . Each of these defects in our banking and ...
... discount market where commercial paper can be sold under the most favorable conditions and at lower rates than we have ever enjoyed , and many other important matters of a similar character . Each of these defects in our banking and ...
Página 21
... discount of a limited kind and amount of paper with a maturity not exceeding one hundred and eighty days . The reserve bank is empowered to advance funds on this paper , or in other words to " rediscount " it , at a rate subject to ...
... discount of a limited kind and amount of paper with a maturity not exceeding one hundred and eighty days . The reserve bank is empowered to advance funds on this paper , or in other words to " rediscount " it , at a rate subject to ...
Página 22
... discounted paper of another ; suspend the reserve require- ments of both the reserve and member banks ; supervise the issue and retirement of Federal reserve notes ; and change the number of reserve and central reserve cities or ...
... discounted paper of another ; suspend the reserve require- ments of both the reserve and member banks ; supervise the issue and retirement of Federal reserve notes ; and change the number of reserve and central reserve cities or ...
Página 23
... may receive from member banks , as reserves , eligible discounted paper to an amount not exceeding one - half of each installment required . Other Provisions . - The provisions as to bank examina- THE NEW LAW SUMMARIZED 23.
... may receive from member banks , as reserves , eligible discounted paper to an amount not exceeding one - half of each installment required . Other Provisions . - The provisions as to bank examina- THE NEW LAW SUMMARIZED 23.
Página 26
... discount rate , to control the movements of gold into and out of the country , and to hold for imme- diate use anywhere the supply of gold , which is the ultimate reserve of all the banks . As proof of these contentions , our own early ...
... discount rate , to control the movements of gold into and out of the country , and to hold for imme- diate use anywhere the supply of gold , which is the ultimate reserve of all the banks . As proof of these contentions , our own early ...
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Términos y frases comunes
accept aggregate amount assets assumption balance bank's bankers banking system board of directors borrow capital and surplus capital stock cash holdings cash reserve central bank central reserve city centum checks and drafts circulation city and central clearing house collateral commercial paper Comptroller considerable country banks Currency demand deposits depositors discount district entire extent fact Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve notes finance foreign held important interest investment keep lawful money liability limited loans member banks ment minimum months mortgages National Bank Act national bank notes necessary note issues one-half organization committee panic payments possible practice present reserve agents problem profits provisions purchase purpose redemption fund rediscount reserve city banks reserve city institutions reserve requirements Secretary tion Treasury trust companies United States bonds vaults withdrawals York banks York City
Pasajes populares
Página 101 - Bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Página 397 - In order to furnish suitable notes for circulation as Federal Reserve notes, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury...
Página 352 - The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares...
Página 170 - 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 398 - ... discretion of the Secretary for the purposes of this Act, and should the appropriations heretofore made be insufficient to meet the requirements of this Act in addition to circulating notes provided for by existing law, the Secretary is hereby authorized to use so much of any funds in the Treasury not otherwise appropriated for the purpose of furnishing the notes aforesaid: Provided, however, That nothing in this section contained shall be construed as exempting national banks or Federal reserve...
Página 383 - Third. To make contracts. Fourth. To sue and be sued, complain and defend, in any court of law or equity...
Página 403 - Any bank officer, director, or employee violating this provision shall be deemed guilty of a misdemeanor and shall be imprisoned not exceeding one year or fined not more than $5,000, or both; and may be fined a further sum equal to the money so loaned or gratuity given.
Página 390 - The members of the Board of Directors shall be ineligible during the time they are in office and for two years thereafter to hold any office, position, or employment in any insured bank, except that this restriction shall not apply to any member who has served the full term for which he was appointed.
Página 388 - ... and employees, shall have the same powers and privileges, and shall be subject to the same duties, liabilities, and regulations, in all respects, as shall have been prescribed by this section for corporations originally organized hereunder.
Página 36 - And in cases of such violation, every director who participated in or assented to the same shall be held liable in his personal and individual capacity for all damages which the association, its shareholders, or any other person, shall have sustained in consequence of such violation.