Money and BankingAppleton, 1914 - 439 páginas |
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Página 16
John Thom Holdsworth. return , no income ; but if invested in stocks , bonds , real estate , or grain it yields a profit . So men keep as a store habitually only as much money as they expect to need for immediate use . 12. Standard of ...
John Thom Holdsworth. return , no income ; but if invested in stocks , bonds , real estate , or grain it yields a profit . So men keep as a store habitually only as much money as they expect to need for immediate use . 12. Standard of ...
Página 28
... organizing under this system were required to pur- 1 These notes came to be known also as " greenbacks " because of their distinctive color . chase government bonds against which they might issue their own 28 MONEY AND BANKING.
... organizing under this system were required to pur- 1 These notes came to be known also as " greenbacks " because of their distinctive color . chase government bonds against which they might issue their own 28 MONEY AND BANKING.
Página 29
John Thom Holdsworth. chase government bonds against which they might issue their own circulating notes . In 1865 Congress passed a law imposing a tax of ten per cent on the circulating notes of state banks , which cleared the field for ...
John Thom Holdsworth. chase government bonds against which they might issue their own circulating notes . In 1865 Congress passed a law imposing a tax of ten per cent on the circulating notes of state banks , which cleared the field for ...
Página 33
... bonds to replenish the gold reserve . Failing in this the Government was com- pelled to fall back upon the Resumption Act of 1875 , which provided for the sale of bonds to redeem the legal tender notes . Though two bond issues of ...
... bonds to replenish the gold reserve . Failing in this the Government was com- pelled to fall back upon the Resumption Act of 1875 , which provided for the sale of bonds to redeem the legal tender notes . Though two bond issues of ...
Página 35
... bonds . This gold reserve cannot be used to meet a deficit in revenue . To prevent a repetition of the " endless chain " operations of the period following the crisis of 1893 , the act provided that legal tender or treas- ury notes once ...
... bonds . This gold reserve cannot be used to meet a deficit in revenue . To prevent a repetition of the " endless chain " operations of the period following the crisis of 1893 , the act provided that legal tender or treas- ury notes once ...
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Términos y frases comunes
accept amount assets balance bank act Bank of England bank reserves bank's bankers banking system bill of lading bills of exchange borrower broker bullion call loans capital stock cash cashier cent central reserve certificates charge charter checks circulating notes city banks clearing house clerk coinage collateral collection commercial bank commercial paper Comptroller country banks currency customers debts demand depositors deposits directors discount district draft drawn established exports Federal Reserve Act Federal reserve bank Federal Reserve Board Federal reserve notes foreign exchange funds guaranty increase index numbers indorsed investment keep ledger legal tender liabilities London member banks ment Money and Banking note issues officers organization paid pass book payable payment practice profit purchase receipts received redeem redemption rediscount Reichsbank reserve cities savings banks Secretary seigniorage sell standard stockholders supply surplus tion transactions Treasury trust companies United
Pasajes populares
Página 431 - 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 420 - ... notes, drafts, and bills of exchange of factors issued as such making advances exclusively to producers of staple agricultural products in their raw state shall be eligible for such discount; 'but such definition shall not include notes, drafts, or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities, except bonds and notes of the Government of the United States.
Página 409 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking...
Página 433 - That if any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Página 421 - Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers...
Página 420 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Página 418 - To grant by special permit to national banks applying therefor, when not in contravention of state or local law...
Página 359 - Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products or other goods, wares or merchandise from being eligible for such discount ; but such definition shall not include notes, drafts or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities' except bonds and notes of the Government of the United States.
Página 424 - 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 422 - Any Federal reserve bank may make application to the local Federal reserve agent for such amount of the Federal reserve notes hereinbefore provided for as it may require. Such application shall be accompanied with a tender to the local Federal reserve agent of collateral in amount equal to the sum of the Federal reserve notes thus applied for and issued pursuant to such application. The collateral security thus offered shall be notes, drafts, bills of exchange, or acceptances...