Banking and Currency: Hearings Before the Committee on Banking and Currency, United States Senate, Sixty-third Congress, First Session, on S. 2639, a Bill to Provide for the Establishment of Federal Reserve Banks, for Furnishing an Elastic Currency, Affording Means of Rediscounting Commercial Paper, and to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes, Bagian 13-24
U.S. Government Printing Office, 1913 - 3176 halaman
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amount assets association bankers BASSETT believe better bill bonds borrow capital carry cash cent central CHAIRMAN charge checks circulation comes commercial paper committee CONANT council country banks course currency deal demand deposits discount dollar exchange fact Federal reserve bank Federal reserve board FOOTE funds give gold Government HULBERT increase interest interposing issue Jones keep kind limit loans matter McCALEB mean meet MOEHLENPAH months national banks necessary notes objection paid practically present Prof proposed question reason rediscount regional bank reserve bank reserve board savings seems Senator Bristow Senator HITCHCOCK Senator NELSON Senator POMERENE Senator REED Senator SHAFROTH Senator WEEKS speaking statement suggestion Suppose thing tion Treasury trust companies understand United UNTERMYER York
Halaman 1460 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than three months...
Halaman 1464 - That a Council of National Defense is hereby established for the coordination of industries and resources for the national security and welfare, to consist of the Secretary of War, the Secretary of the Navy, the Secretary of the Interior, the Secretary of Agriculture, the Secretary of Commerce, and the Secretary of Labor.
Halaman 1040 - 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...
Halaman 1465 - 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.
Halaman 1460 - Every Federal reserve bank shall have power: (a) To deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion, giving therefor, when necessary, acceptable security, including the hypothecation of United States bonds or other securities which Federal reserve banks are authorized to hold...
Halaman 1243 - Federal reserve 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...
Halaman 1243 - ... 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, the Federal Reserve Board to have the right to determine or define the character of the paper thus eligible for discount, within the meaning of this Act.
Halaman 1457 - 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...
Halaman 1460 - To purchase and sell in the open market, either from or to domestic banks, firms, corporations, or individuals, acceptances of Federal Intermediate Credit Banks and of National Agricultural Credit Corporations, whenever the Federal Reserve Board shall declare that the public interest so requires.
Halaman 1402 - That the Secretary of the Treasury is authorized and directed to receive deposits of gold coin with the Treasurer or assistant treasurers of the United States, in sums not less than twenty dollars, and to issue certificates therefor in denominations of not less than twenty dollars each, corresponding with the denominations of United States notes.