Congressional Oversight of the Federal Reserve System: Hearing Before the Subcommittee on Domestic Finance of ... , 92-1 ... , September 27, 1971

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Halaman 31 - All such attorneys, experts, assistants, clerks, and other employees shall be appointed without regard to the provisions of the Act of January sixteenth, eighteen hundred and eighty-three (volume twenty-two, United States Statutes at Large, page four hundred and three), and amendments thereto, or any rule or regulation made in pursuance thereof : Provided, That nothing herein shall prevent the President from placing said employees in the classified service.
Halaman 19 - Bank notes and guaranteed participation certificates; (9) Farmers Home Administration insured notes; (10) Notes fully guaranteed as to principal and interest by the Small Business Administration; (11) Federal Housing Administration debentures; (12) District of Columbia Armory Board bonds; (13) Tennessee Valley Authority bonds and notes; (14) Bonds and notes of local urban renewal or public housing agencies fully supported as to principal and interest by the full faith and credit of the United States...
Halaman 37 - ... (RS section 3477; May 27, 1908, c. 206, 35 Stat. 411.) Furthermore, the act of June 20, 1874, 18 Stat. 109, provides that no such civil officer of the Government shall receive any compensation or perquisites, directly or indirectly, from the Treasury or property of the United States beyond his salary or compensation allowed by law.
Halaman 20 - Except as otherwise provided by law, sums appropriated for the various branches of expenditure in the public service shall be applied solely to the objects for which they are. respectively made, and for no others.
Halaman 27 - Mr. PATMAN. Now then, Mr. Martin, isn't it a fact that these Federal Reserve notes that you issue and exchange for these bonds are obligations of the US Government, just as are the bonds? "Mr. MARTIN. That is right. "Mr. PATMAN. In other words, each note says on its face : 'The United States promises to pay to bearer on demand so many dollars.
Halaman 32 - States under the provisions of the preceding proviso. (2) To buy and sell in the open market, under the direction and regulations of the Federal Open Market Committee, any obligation which is a direct obligation of, or fully guaranteed as to principal and interest by, any agency of the United States.
Halaman 34 - Federal Reserve banks and their branches. However, the Banking Act of 1933 removed the GAO's authority to audit the Board. The Board does maintain a staff of examiners who audit the...

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