The Operation of the New Bank ActJ. B. Lippincott Company, 1914 - 431 páginas |
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... methods that every bit of light shed upon the new conditions will be helpful . If this book aids the banker to understand more clearly the change which has been effected in his business and informs the public at large concerning the ...
... methods that every bit of light shed upon the new conditions will be helpful . If this book aids the banker to understand more clearly the change which has been effected in his business and informs the public at large concerning the ...
Página 8
... every state from Florida to Ore- gon and from Maine to California immediately follow suit by hoarding cash . In a flash the ordinary methods of pay- ment are destroyed , and business , when done at 8 OPERATION OF THE NEW BANK ACT.
... every state from Florida to Ore- gon and from Maine to California immediately follow suit by hoarding cash . In a flash the ordinary methods of pay- ment are destroyed , and business , when done at 8 OPERATION OF THE NEW BANK ACT.
Página 11
... method may be , providing we charge a sufficiently high rate of interest so that extra cash will come out in the day of trouble . I do not care if a charge of eight per cent is made for it , but that we can get relief so that we do not ...
... method may be , providing we charge a sufficiently high rate of interest so that extra cash will come out in the day of trouble . I do not care if a charge of eight per cent is made for it , but that we can get relief so that we do not ...
Página 16
... method of contraction is included , disaster will surely follow . The amount of money in circulation must bear a relation to the volume of business which is then to be financed . Our supply of money in the past has had no direct ...
... method of contraction is included , disaster will surely follow . The amount of money in circulation must bear a relation to the volume of business which is then to be financed . Our supply of money in the past has had no direct ...
Página 17
... method of banking . It has not arisen from mismanagement of our banking institutions . It is due to the absence of certain features in our banking system which are found in the systems of other countries of the world . Instead of ...
... method of banking . It has not arisen from mismanagement of our banking institutions . It is due to the absence of certain features in our banking system which are found in the systems of other countries of the world . Instead of ...
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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.