Money and Banking |
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Page 8
... purchase of a paper of pins and of a horse . The medium of exchange should be homogeneous or uniform , that is , all parts or units of it should have uniform value . It should also be portable ; it should have large value in small bulk ...
... purchase of a paper of pins and of a horse . The medium of exchange should be homogeneous or uniform , that is , all parts or units of it should have uniform value . It should also be portable ; it should have large value in small bulk ...
Page 31
... purchase not less than $ 2,000,000 worth nor more than $ 4,000,000 worth of silver bullion a month and to coin it into standard silver dollars of 4121 grains , which were again made legal tender . Under the operations of this act about ...
... purchase not less than $ 2,000,000 worth nor more than $ 4,000,000 worth of silver bullion a month and to coin it into standard silver dollars of 4121 grains , which were again made legal tender . Under the operations of this act about ...
Page 32
... purchase clauses of the Sherman Act of 1890 were repealed . In 1898 an act was passed providing for the coinage into silver dollars of the bullion purchased under the act of 1890 . 27. Bond issues . - The repeal of the Sherman 32 MONEY ...
... purchase clauses of the Sherman Act of 1890 were repealed . In 1898 an act was passed providing for the coinage into silver dollars of the bullion purchased under the act of 1890 . 27. Bond issues . - The repeal of the Sherman 32 MONEY ...
Page 33
... purchased with 4 per cent thirty - year bonds at 1042 , at which rate the interest would be about 3 per cent . The syndicate proposed to accept the bonds on a 3 per cent basis if they were made payable in gold . This would have effected ...
... purchased with 4 per cent thirty - year bonds at 1042 , at which rate the interest would be about 3 per cent . The syndicate proposed to accept the bonds on a 3 per cent basis if they were made payable in gold . This would have effected ...
Page 40
... purchase and were redeemable either in gold or silver coin at his option . The Sherman Act of 1890 required the Secretary of the Treasury to maintain all forms of the currency at a parity with gold , and since the bullion value of ...
... purchase and were redeemable either in gold or silver coin at his option . The Sherman Act of 1890 required the Secretary of the Treasury to maintain all forms of the currency at a parity with gold , and since the bullion value of ...
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Common terms and phrases
acceptances amended amount assets balance bank notes Bank of England bank's bankers banking system bill of lading bills of exchange board of directors borrower capital and surplus capital stock cash cent central reserve centum charter checks clearing house coin commercial bank commercial paper Comptroller currency customers demand depositors deposits discount district dollar drafts drawn eral reserve farm loan association Farm Loan Board Federal Farm Loan Federal land bank Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve notes Federal reserve system funds indorsed investment joint stock land liabilities loan bonds member banks ment mortgage national banks national farm loan note issues organization paid payable payment purchase receive redemption rediscount regulations reserve cities savings banks Secretary sell silver stock land bank stockholders teller tion transactions Treasury trust companies United York
Popular passages
Page 458 - Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Page 173 - The shareholders of every national banking association 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 460 - Third. Bills of exchange or drafts drawn against money actually on deposit to the credit of the association, or due thereto. Fourth. Liabilities to the stockholders of the association for dividends and reserve profits.
Page 476 - That 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 471 - Any bank officer, director, or employee violating this provision shall be deemed guilty of a misdemeanor and shall be imprisoned not exceeding one year or fined not more than $5,000, or both; and may be fined a further sum equal to the money so loaned or gratuity given.
Page 473 - 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 503 - That if any person shall falsely make, forge, or counterfeit, or cause or procure to be falsely made, forged or counterfeited, or willingly aid or assist in falsely making, forging, or counterfeiting any note, in imitation of, or purporting to be...
Page 458 - ... bank 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 450 - Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts, dividend requirements as hereinbefore provided, and the par value of the stock, shall be paid to and become the property of the United States and shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate.
Page 466 - ... discretion of the Secretary for the purposes of this Act, and should the appropriations heretofore made be insufficient to meet the requirements of this Act in addition to circulating notes provided for by existing law, the Secretary is hereby authorized to use so much of any funds in the Treasury not otherwise appropriated for the purpose of furnishing the notes aforesaid: Provided, .however, That nothing in this section contained shall be construed as exempting national banks or Federal reserve...