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accept actual advance American amount balances bankers become bills Board bonds borrowers branches called capital carried cash cause cent circulation cities clearing coin considerable course currency customers demand deposits discount dollars drafts effect England equal established exchange existing extent fact fall farmers Federal Reserve Banks Federal Reserve Board foreign France funds give given gold Government hand important increase industrial institutions interest investment issue less liabilities limit loans London means meet ment months national banks natural necessary notes operations paid payment period possible practically present production profits purchase quantity reason received result rise savings securities sell silver standard supply tion trade transactions Treasury trust companies United usually volume York
Halaman 392 - 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.
Halaman 838 - The Federal Reserve Board shall make and promulgate from time to time regulations governing the transfer of funds and charges therefor among Federal reserve banks and their branches, and may at its discretion exercise the functions of a clearing house for such Federal reserve banks, or may designate a Federal reserve bank to exercise such functions, and may also require each such bank to exercise the functions of a clearing house for its member banks.
Halaman 438 - London, or within sixty-five miles thereof, provided that such body politic or corporate, or society, or company, or partnership, do not borrow, owe, or take up in England, any sum or sums of money on their bills or notes payable on demand, or at any less time than six months from the borrowing thereof, during the continuance of the privileges granted by this Act to the said Governor and Company of the Sank of England." All notes of the Bank of England, payable on demand, which shall be issued out...
Halaman 456 - ... not operate as an assignment of any part of the fund to the credit of the drawer, with the bank, and...
Halaman 834 - ... per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values.
Halaman 6 - There cannot, in short, be intrinsically a more insignificant thing, in the economy of society, than money; except in the character of a contrivance for sparing time and labour. It is a machine for doing quickly and commodiously, what would be done, though less quickly and commodiously, without it : and like many other kinds of machinery, it only exerts a distinct and independent influence of its own when it gets out of order.
Halaman 57 - And the United States also solemnly pledges its faith to make provision at the earliest practicable period for the redemption of the United States notes in coin.
Halaman 92 - ... the established policy of the United States to maintain the two metals on a parity with each other upon the present legal ratio, or such ratio as may be provided by law.