The Federal Reserve Act (approved December 23, 1913) as Amended August 4, 1914: August 15, 1914; March 3, 1915; September 7, 1916; June 21, 1917; September 26, 1918; March 3, 1919; September 17, 1919; December 24, 1919; April 13, 1920; February 27, 1921; June 14, 1921; June 3, 1922; July 1, 1922; February 6, 1923; March 4, 1923; with an Appendix Containing Various Provisions of Certain Acts of Congress which Affect, Directly Or Indirectly, the Operations of Federal Reserve Banks and Banks which are Members of the Federal Reserve System |
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Page 1
... Committee , " shall designate not less than eight nor more than twelve cities to be known as Federal reserve cities , and shall divide the continental United States , excluding Alaska , into districts , each district to 1 contain only ...
... Committee , " shall designate not less than eight nor more than twelve cities to be known as Federal reserve cities , and shall divide the continental United States , excluding Alaska , into districts , each district to 1 contain only ...
Page 2
... committee shall be authorized to employ counsel and expert aid , to take testimony , to send for persons and papers , to administer oaths , and to make such investigation as may be deemed necessary by the said committee in determining ...
... committee shall be authorized to employ counsel and expert aid , to take testimony , to send for persons and papers , to administer oaths , and to make such investigation as may be deemed necessary by the said committee in determining ...
Page 3
... committee or of the Federal Reserve Board . Should any national banking association in the United States now ... committee , insufficient to provide the amount of capital required therefor , then and in that event the said organization ...
... committee or of the Federal Reserve Board . Should any national banking association in the United States now ... committee , insufficient to provide the amount of capital required therefor , then and in that event the said organization ...
Page 4
... committee shall determine , subject to the same conditions as to payment and stock liability as provided for member ... committee , insufficient to provide the amount of capital required therefor , then and in that event the said organi ...
... committee shall determine , subject to the same conditions as to payment and stock liability as provided for member ... committee , insufficient to provide the amount of capital required therefor , then and in that event the said organi ...
Page 5
... committee shall have As amended by established Federal reserve districts as provided in tion two of this Act , a certificate shall be filed with the 32 ) ; act Comptroller of the Currency showing the geographical ber 26 , 1918 ( 40 ...
... committee shall have As amended by established Federal reserve districts as provided in tion two of this Act , a certificate shall be filed with the 32 ) ; act Comptroller of the Currency showing the geographical ber 26 , 1918 ( 40 ...
Common terms and phrases
40 Stat acceptances aggregate amended by act amount application appointed bank or banking bank or member bank or trust bills of exchange board of directors bonds bullion capital and surplus capital stock centum certificates of indebtedness chap circulating notes collateral Comptroller corporation organized Currency deemed deposits director of class discount drafts eligible employee eral reserve exceed exceeding Federal Intermediate Credit Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve notes Federal Reserve System Finance Corporation foreign funds gold certificates held hereby authorized indorsement Intermediate Credit Bank liabilities Liberty Bond maturity member bank national banking association nineteen hundred organization certificate organization committee paid person powers prescribe Provided further purchase receive rediscount reserve bank notes reserve cities Revised Statutes Secretary sell shareholders standard silver dollars stock and surplus stockholders thereof tion transactions Treasury trust company unimpaired capital United violation vote War Finance Corporation
Popular passages
Page 52 - Corporations to be organized for the purpose of engaging in international or foreign banking or other international or foreign financial operations, or in banking or other financial operations 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...
Page 78 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 64 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 26 - ... notes, drafts, and bills of exchange of factors issued as such making advances exclusively to producers of staple agricultural products in their raw state shall be eligible for such discount; but such definition shall not include notes, drafts, or bills covering merely investments or* issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities...
Page 50 - 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.
Page 3 - ... 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...
Page 29 - Fourth. Liabilities to the stockholders of the association for dividends and reserve profits. Fifth. Liabilities incurred under the provisions of the Federal Reserve Act. The rediscount by any Federal reserve bank of any bills receivable and of domestic and foreign bills of exchange, and of acceptances authorized by this Act, shall be subject to such restrictions, limitations, and regulations as may be imposed by the Federal Reserve Board.
Page 76 - An Act to punish acts of interference with the foreign relations, the neutrality, and the foreign commerce of the United States, to punish espionage, and better to enforce the criminal laws of the United States, and for other purposes...
Page 25 - ... may receive from any of its member banks, and from the United States, deposits of current funds in lawful money, national-bank notes, Federal reserve notes, or checks, and drafts, payable upon presentation, and also, for collection, maturing notes and bills; or, solely for purposes of exchange or of collection...
Page 34 - States and shall be receivable by all national and member banks and Federal Reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in...