Operation of the National and Federal Reserve Banking Systems, Hearings Before ..., 72:1 .... |
From inside the book
Results 1-5 of 100
Page 20
... understand that I am saying at this time ; that the means taken are such as to cause sudden deflation in the country and that this is not the time to undertake it . Senator BULKLEY . I want to press my inquiry further in fairness to you ...
... understand that I am saying at this time ; that the means taken are such as to cause sudden deflation in the country and that this is not the time to undertake it . Senator BULKLEY . I want to press my inquiry further in fairness to you ...
Page 23
... understand it , you are in favor of de- flationary legislation in that respect . Mr. POPE . The effect is not deflationary at the present time . Senator GLASS . It is very restrictive , isn't it ? Mr. POPE . I do not know what you mean ...
... understand it , you are in favor of de- flationary legislation in that respect . Mr. POPE . The effect is not deflationary at the present time . Senator GLASS . It is very restrictive , isn't it ? Mr. POPE . I do not know what you mean ...
Page 24
... understand , although I am not entirely certain be- cause I am not familiar with the details , that that is correct . I want you to understand that in this case I am only saying why at this time it is particularly difficult , because it ...
... understand , although I am not entirely certain be- cause I am not familiar with the details , that that is correct . I want you to understand that in this case I am only saying why at this time it is particularly difficult , because it ...
Page 26
... understand it , it does apply to Governments as well as other securities . Whether it was so intended or not I do not know . Senator TowNSEND . Where is that found in the bill ? Mr. POPE . On page 36 , line 11 , and continuing down to ...
... understand it , it does apply to Governments as well as other securities . Whether it was so intended or not I do not know . Senator TowNSEND . Where is that found in the bill ? Mr. POPE . On page 36 , line 11 , and continuing down to ...
Page 27
... understand it is on page 36 , down to line 22 . Senator BULKLEY . It says [ reading ] : The limitations herein contained as to the purchasing and selling of invest- ment securities shall not apply to obligations of the United States ...
... understand it is on page 36 , down to line 22 . Senator BULKLEY . It says [ reading ] : The limitations herein contained as to the purchasing and selling of invest- ment securities shall not apply to obligations of the United States ...
Common terms and phrases
affiliate ALLENDOERFER amended amount assets association bankers banking system BARKLEY believe bill bonds borrow branch banking BRUCE BURKE capital stock cent centum CHAIRMAN collateral loans collateral security commercial paper committee Comptroller Currency deflation demand deposits depositors directors EDWARDS eligible paper Federal reserve act Federal reserve bank Federal Reserve Board Federal reserve system funds going Government HAAS HAWES HECHT holding company interest investment securities JOHNSTON KENT legislation limitations liquidating corporation MCQUAID mean member banks ment MEYER MILLS mortgages national bank act national banks obligations operations PAYNE percentage POPE provision purchase purpose question real estate real-estate loans Reconstruction Finance Corporation rediscount regulations restrictions section 11 Senator BROOKHART Senator BULKLEY Senator COUZENS Senator FLETCHER Senator GLASS interposing Senator GORE Senator MORRISON Senator TOWNSEND Senator WALCOTT speculative statement thereof thing tion to-day trust United WAKEFIELD WILLIS WOLFE York
Popular passages
Page 11 - To exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 411 - That in all elections of directors, and in deciding all questions at meetings of shareholders, each shareholder shall be entitled to one vote on each share of stock held by him. Shareholders may vote by proxies duly authorized in writing ; but no officer, clerk, teller, or book-keeper of such association shall act as proxy; and no shareholder whose liability is past due and unpaid shall be allowed to vote.
Page 180 - Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products, or other goods, wares, or merchandise from being 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, except bonds and notes of the Government of the United States.
Page 355 - ... for the speculative carrying of or trading in securities, real estate, or commodities, or for any other purpose inconsistent with the maintenance of sound credit conditions...
Page 6 - State in which said bank is to be located, the amount of capital stock and the number of shares into which the same is divided, the name and place of doing business of each bank executing such certificate, and of all banks which have subscribed to the capital stock of...
Page 404 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 367 - The Secretary of the Treasury is hereby authorized to direct and use the Secret Service Division of the Treasury Department to detect, arrest, and deliver into custody of the United States marshal having jurisdiction any person committing any of the offenses punishable under this section.
Page 16 - 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 383 - ... and in deciding all other questions at meetings of shareholders, each shareholder shall be entitled to one vote on each share of stock held by him...
Page 377 - Except as thus provided, no member bank shall keep on deposit with any nonmember bank a sum in excess of ten per centum of its own paid-up capital and surplus. No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal reserve bank under the provisions of this Act except by permission of the Federal Reserve Board.