Federal Reserve Act, 1913: McFadden Act, 1927; Banking Act of 1933, Banking Act of 1935, Banking Holding Company Act, 1956; ... 1958 |
From inside the book
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Page 19
... exchange funds on deposit with other banks in such centers , it was fair to allow exchange balances with such centrally located banks to count as reserves inasmuch as they were presumably at all times available in cash . This is an ...
... exchange funds on deposit with other banks in such centers , it was fair to allow exchange balances with such centrally located banks to count as reserves inasmuch as they were presumably at all times available in cash . This is an ...
Page 20
... exchange collateral as a rule . This was on the theory that , inasmuch as listed stock- exchange securities could be readily sold , call loans of this type were for practical purposes equivalent to cash in hand . The theory is of course ...
... exchange collateral as a rule . This was on the theory that , inasmuch as listed stock- exchange securities could be readily sold , call loans of this type were for practical purposes equivalent to cash in hand . The theory is of course ...
Page 49
... exchange drawn upon it to an amount not exceeding one- half its capital . The acceptance business , which it is thus ... exchange form a considerable proportion of the resources of the great banks of London , Paris , and Berlin , whereas ...
... exchange drawn upon it to an amount not exceeding one- half its capital . The acceptance business , which it is thus ... exchange form a considerable proportion of the resources of the great banks of London , Paris , and Berlin , whereas ...
Page 50
... exchange . The difference between these two classes of instruments accounts to a great extent for the difference between European and American banking . In the case of time bills of exchange drawn on and ac- cepted by prime banks and ...
... exchange . The difference between these two classes of instruments accounts to a great extent for the difference between European and American banking . In the case of time bills of exchange drawn on and ac- cepted by prime banks and ...
Page 52
... exchange drawn in good faith against actually existing values . " This exception or exemption has long been asked for in the interest of legitimate busi- ness transactions . Obviously when a bill of exchange is secured by bills of ...
... exchange drawn in good faith against actually existing values . " This exception or exemption has long been asked for in the interest of legitimate busi- ness transactions . Obviously when a bill of exchange is secured by bills of ...
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amends section amount application appointed approval assessment assets authorized bank holding company bankers Banking Act board of directors bonds branch banking capital and surplus capital stock cash cent central reserve cities centum certificate closed bank Comptroller Congress Corporation deemed deposit liabilities depositors discount dividends employee establish examination existing law Federal Deposit Insurance Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve district Federal reserve notes Federal Reserve System funds gold Government held holding company affiliate House bill insured bank insured deposit interest issued loans located member bank ment mutual savings bank national banking act national banking association national-bank nonmember banks obligations officer operations paid payment permit prescribed purchase purpose receive rediscount regulations reserve requirements Revised Statutes Secretary Senate amendment shareholders shares stockholders term thereafter thereof tion title 12 Treasury trust company United vote