Banking and Currency Bills - 1961: Hearing Before..., 87-1 on S.1005, S.1486, S.1771, and S.2130 ..., July 10, 1961

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Halaman 11 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than three months' sight to run, exclusive of days of grace, drawn under regulations to be prescribed by the Board of Governors of the Federal Reserve System by banks or bankers in foreign countries or dependencies or insular possessions of the United States for the purpose of furnishing dollar exchange as required by the usages of trade in the respective countries, dependencies, or insular possessions.
Halaman 23 - Hon. A. WILLIS ROBERTSON. Chairman, Committee on Banking and Currency, US Senate, Washington, DC DEAR MR. CHAIRMAN : This is in further reply to your letter of February 17, 1961.
Halaman 12 - States; and generally to exercise such powers as are incidental to the powers conferred by this Act or as may be usual, in the determination of the Federal Reserve Board, in connection with the transaction of the business of banking or other financial operations in the countries, colonies, dependencies, or possessions in which it shall transact business and not inconsistent with the powers specifically granted herein.
Halaman 9 - ... such further powers as may be usual in connection with the transaction of the business of banking in the places where such foreign branch shall transact business.
Halaman 11 - State thereof, and principally engaged in international or foreign banking, or banking in a dependency or insular possession of the United States either directly or through the agency, ownership, or control of local institutions in foreign countries, or in such dependencies or insular possessions.
Halaman 3 - The Department has been advised by the Bureau of the Budget that there is no objection from the standpoint of the administration's program to the submission of this report to your committee. Sincerely yours, ROBERT H. KNIGHT, General Counsel.
Halaman 53 - ... and all assistants and employees of the mints and assay offices of the United States shall, from and after July first, nineteen hundred and twelve, be appointed by the Secretary of the Treasury.
Halaman 3 - This Department would have no objection to the enactment of the proposed legislation.
Halaman 23 - AN ACT To amend section 10 and section 3 of the Federal Reserve Act, and for other purposes...
Halaman 11 - States, to exercise such additional powers as may be usual in connection with the business of banking in the places where the foreign branches are transacting business, subject to conditions and requirements prescribed in such regulations. Such regulations may not authorize a foreign branch to engage in the production, distribution or sale of goods or in the investment banking business except as the Board of Governors...

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