Federal Reserve Act, 1913: McFadden Act, 1927; Banking Act of 1933, Banking Act of 1935, Banking Holding Company Act, 1956; ... 1958 |
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Page 7
... notes by the terms of the law . Individual banks may issue such notes by depositing at the Treasury State or muni- cipal bonds of approved kinds , receiving in exchange 90 per cent of the par value of such bonds , provided they are ...
... notes by the terms of the law . Individual banks may issue such notes by depositing at the Treasury State or muni- cipal bonds of approved kinds , receiving in exchange 90 per cent of the par value of such bonds , provided they are ...
Page 13
... NOTE ISSUES . Very early in its inquiries the committee was necessarily con- fronted with the question whether a mere ... notes , whether protected or unprotected , were fundamentally alike in their belief that the whole trouble with ...
... NOTE ISSUES . Very early in its inquiries the committee was necessarily con- fronted with the question whether a mere ... notes , whether protected or unprotected , were fundamentally alike in their belief that the whole trouble with ...
Page 14
... note currency payable to anyone willing to receive it , and however desirable it might be to obtain a free issue of Government legal - tender notes obtainable by any individual who might possess property of specified classes , such notes ...
... note currency payable to anyone willing to receive it , and however desirable it might be to obtain a free issue of Government legal - tender notes obtainable by any individual who might possess property of specified classes , such notes ...
Page 22
... notes are not " elastic . " By this is meant that the necessity of purchasing bonds to be deposited with a trustee for the protection of note issues prevents banks from issuing these notes as freely and promptly as they otherwise would ...
... notes are not " elastic . " By this is meant that the necessity of purchasing bonds to be deposited with a trustee for the protection of note issues prevents banks from issuing these notes as freely and promptly as they otherwise would ...
Page 23
... notes based on bonds . before they become eligible to take out notes without bond security . This would mean that an inflexible volume of bank notes was kept outstanding , or at all events that an inflexible volume of bonds was held by ...
... notes based on bonds . before they become eligible to take out notes without bond security . This would mean that an inflexible volume of bank notes was kept outstanding , or at all events that an inflexible volume of bonds was held by ...
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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