Additional Capital for Federal Land Banks: Hearings Before ... H.R. 4741 (H.R. 6172) ... , December 16, 1931 |
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Page 22
Q. Who owns the Federal reserve banks , and how are they controlled ?A. They
are owned by the member banks . All national banks must be members , and
state banks are permitted to become members . Each regional Feleral reserve
bank ...
Q. Who owns the Federal reserve banks , and how are they controlled ?A. They
are owned by the member banks . All national banks must be members , and
state banks are permitted to become members . Each regional Feleral reserve
bank ...
Page 130
serves of the banks to over $ 8,000,000,000 additional , against which exceeded
the cash in every bank in the United States , more than was under the impression
there was only about $ 400,000,000 of gold in the Federal reserve banks now ...
serves of the banks to over $ 8,000,000,000 additional , against which exceeded
the cash in every bank in the United States , more than was under the impression
there was only about $ 400,000,000 of gold in the Federal reserve banks now ...
Page 134
In the accomplishment of this objective , the Federal reserve banks are
authorized to receive , and the Federal reserve agents are authorized to deliver ,
Federal reserve notes against the obligations of the United States at par in
amounts from ...
In the accomplishment of this objective , the Federal reserve banks are
authorized to receive , and the Federal reserve agents are authorized to deliver ,
Federal reserve notes against the obligations of the United States at par in
amounts from ...
Page 441
The deflation as a policy was continued by the Federal Reserve Board until so
numerous were the closing of the banks in some of the agricultural States that the
depositors in the surrounding banks hoarded their funds in such quantities that ...
The deflation as a policy was continued by the Federal Reserve Board until so
numerous were the closing of the banks in some of the agricultural States that the
depositors in the surrounding banks hoarded their funds in such quantities that ...
Page 568
Congress. House Banking and Currency Committee. 93 G Mr. BUSBY ( reading )
: And the 40 per cent reserve against Federal reserve notes would be $
1,057,000 . inte 000 , so that the total reserve requirements would be As I
understand for ...
Congress. House Banking and Currency Committee. 93 G Mr. BUSBY ( reading )
: And the 40 per cent reserve against Federal reserve notes would be $
1,057,000 . inte 000 , so that the total reserve requirements would be As I
understand for ...
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Common terms and phrases
able acceptances additional advances amendment amount assets association authorized bankers believe Bestor bill bonds borrow building capital cent Chairman charge committee companies confidence Congress corporation course Currency depositors deposits directors earnings fact failed failures Federal reserve banks Federal Reserve Board Federal reserve system figures Finance foreign fund give going gold Government guaranty hear home loan House institutions interest investment issued JEAN kind land legislation less liquidation loan loan bank loss matter McFadden mean member banks MEYER Mills mortgage national banks necessary notes obligations operation organized paid passed period permit Pole present President protection question railroads reason reference REPRESENTATIVES require Secretary Senate situation statement STEVENSON suggestion thing Treasury true understand United York
Popular passages
Page 11 - Corporation shall be exempt, both as to principal and interest, from all taxation now or hereafter imposed by the United States, any State, or any of the possessions of the United States...
Page 82 - That is not what I am talking about. I am talking about, for example, the Mad River, or the Naugatuck River, which are not navigable.
Page 6 - Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining for himself or...
Page 4 - The corporation shall be entitled to the free use of the United States mails in the same manner as the executive departments of the Government.
Page 12 - That no association shall at any time be indebted, or in any way liable, to an amount exceeding the amount of its capital stock at such time actually paid in and remaining undiminished by losses or otherwise, except on the following accounts, that is to say:
Page 11 - ... now or hereafter imposed by the United States, any State, or any of the possessions of the United States, or by any local taxing authority, except (a) estate or inheritance taxes, and (b) graduated additional income taxes, commonly known as surtaxes, and excess-profits and war-profits taxes, now or hereafter imposed by the United States, upon the income or profits of individuals, partnerships, corporations, or associations.
Page 92 - Secretary of the Treasury, the governor of the Federal Reserve Board, and the farm loan commissioner...
Page 8 - Sixth. To prescribe by its board of directors, by-laws not inconsistent with law, regulating the manner in which its general business may be conducted, and the privileges granted to it by law may be exercised and enjoyed.
Page 36 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.
Page 49 - No applying bank shall be admitted to membership in a Federal reserve bank unless it possesses a paid-up unimpaired capital sufficient to entitle it to become a national banking association in the place where it is situated, under the provisions of the national banking Act.
Bibliographic information
| Title | Additional Capital for Federal Land Banks: Hearings Before ... H.R. 4741 (H.R. 6172) ... , December 16, 1931 |
| Author | United States. Congress. House Banking and Currency Committee |
| Published | 1932 |
| Length | 26 pages |
| Export Citation | BiBTeX EndNote RefMan |