The Operation of the New Bank ActJ. B. Lippincott Company, 1914 - 431 páginas |
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Página
... PRESENT BANKING SYSTEM ..... II . THE NEW LAW SUMMARIZED 1 18 III . THE REGIONAL SYSTEM . 26 IV . OWNERSHIP . 39 V. FEDERAL RESERVE BANKS . 51 VI . VII . THE PROBLEM OF CONTROL of the NEW SYSTEM .... POWERS AND DUTIES OF THE FEDERAL ...
... PRESENT BANKING SYSTEM ..... II . THE NEW LAW SUMMARIZED 1 18 III . THE REGIONAL SYSTEM . 26 IV . OWNERSHIP . 39 V. FEDERAL RESERVE BANKS . 51 VI . VII . THE PROBLEM OF CONTROL of the NEW SYSTEM .... POWERS AND DUTIES OF THE FEDERAL ...
Página 1
... PRESENT BANKING SYSTEM The National Bank Act . - For fifty years the United States has lived rather happily under the National Bank Act , born in the strife of the Civil War and developed in the period of the nation's greatest expansion ...
... PRESENT BANKING SYSTEM The National Bank Act . - For fifty years the United States has lived rather happily under the National Bank Act , born in the strife of the Civil War and developed in the period of the nation's greatest expansion ...
Página 3
... , the banks are able to meet promptly their obligations to their customers . Checks can be cashed without delay , money transferred by draft or in any other manner the customer may elect , DEFECTS OF PRESENT BANKING SYSTEM 3.
... , the banks are able to meet promptly their obligations to their customers . Checks can be cashed without delay , money transferred by draft or in any other manner the customer may elect , DEFECTS OF PRESENT BANKING SYSTEM 3.
Página 7
... reserves of other banks of the country , which had been deposited with them . The panic of 1907 began as a small local disturbance in New York City . For various reasons it was not suppressed DEFECTS OF PRESENT BANKING SYSTEM 7.
... reserves of other banks of the country , which had been deposited with them . The panic of 1907 began as a small local disturbance in New York City . For various reasons it was not suppressed DEFECTS OF PRESENT BANKING SYSTEM 7.
Página 13
... present worth about fifty cents . The silver certificate is but a warehouse receipt for a silver dollar , and , of course , can have no greater value than that coin . The silver dollar , however , is taken at its face value the country ...
... present worth about fifty cents . The silver certificate is but a warehouse receipt for a silver dollar , and , of course , can have no greater value than that coin . The silver dollar , however , is taken at its face value the country ...
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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.