...rediscounting needs of the member banks. Section 4 of the act provides that each Federal reserve bank shall "extend to each member bank such discounts, advancements...reasonably made with due regard for the claims and demands oTotner membern5ank"s. Tr The determination of what advances may be "saf_ly and reasonably made" is...

...banks. The Federal reserve act specifically requires that these loans be limited to " such advances as may be safely and reasonably made, with due regard...for the claims and demands of other member banks." This part of the act clearly places upon the Federal reserve banks the burden of responsibility for...

...reserve act, section 4, which requires that directors of a reserve bank shall " extend to each member such discounts, advancements, and accommodations as...may be safely and reasonably made, with due regard to claims and demands of other member banks." This provision contemplates that loans shall be prudently...

...Discounts, advancements and accommodations to be extended to member banks by Federal reserve banks " subject to the provisions of law and the orders of the Federal Reserve Board." Section 5 : Additional subscriptions to capital stock of Federal "reserve banks required of member...

...the course of industry. In 1933 a modification of the Federal Reserve Act was made to establish that, subject to the provisions of law and the orders of the Federal Reserve Board, the directors of a reserve bank may extend to each member bank snch discounts, advances, and accommodations...

...Reserve Board, the directors of a reserve bank may extend to each member bank sn<4 discounts, advances, and accommodations as may be safely and reasonably made with due regard to the claims and demands of other member banki " the maintenance of sound credit conditions and the...

...section 4 of the Federal Reserve Act, which states that the board of directors of a Reserve bank shall "extend to each member bank such discounts, advancements,...for the claims and demands of other member banks." This statement in the basic law of the Federal Reserve System underlies to a large extent the policy...

...subject to the provisions of law and the orders of the Board of Governors of the Federal Reserve System, extend to each member bank such discounts, advancements,...for the claims and demands of other member banks, the maintenance of sound credit conditions, and the accommodation of commerce, industry, and agriculture....

...subject to the provisions of law and the orders of the Board of Governors of the Federal Reserve System, extend to each member bank such discounts, advancements,...for the claims and demands of other member banks, the maintenance of sound credit conditions, and the accommodation of commerce, industry, and agriculture....

...member bank and, subject to applicable law and the orders of the Board of Governors, the Banks may extend to each member bank such discounts, advancements,...may be safely and reasonably made with due regard to the claims of other member banks, the maintenance of sound credit conditions, and the accommodation...