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" The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding... "
Circular - Page 11
by United States. Farm Credit Administration - 1934
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Organized Banking

Eugene Ewald Agger - Banks and banking - 1918 - 406 pages
...derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against...by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts,...
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Money and Banking

John Thom Holdsworth - Banks and banking - 1920 - 540 pages
...of the Secretary, be used or to reduce the to supplement the gold reserve held against bonded debt. outstanding United States notes, or shall be applied...by the Secretary of the Treasury. Should a Federal , reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all...
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The A B C of the Federal Reserve System

Edwin Walter Kemmerer - Federal Reserve banks - 1920 - 234 pages
...of the Secretary, be used to supplement j»«sj the gold reserve held against outstanding ernment. United States notes, or shall be applied to the reduction...by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts,...
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Rural Credits: Hearings Before the Committee on Banking and Currency, United ...

United States. Congress. Senate. Committee on Banking and Currency - Agricultural credit - 1922 - 418 pages
...joint-stock land banks that may go into liquidation, and one-half of said net earnings shall, in the discretion of the Secretary of the Treasury, be used...prescribed by the Secretary of the Treasury. Should a joint-stock land bank be dissolved or go into liquidation any surplus remaining, after the payment...
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Rural Credits: Hearings Before the Committee on Banking and Currency, United ...

United States. Congress. Senate. Committee on Banking and Currency - Agricultural credit - 1922 - 418 pages
...joint-stock land banks that may go into liquidation, and one-half of said net earnings shall, in the discretion of the Secretary of the Treasury, be used...prescribed by the Secretary of the Treasury. Should a joint-stock land bank be dissolved or go into liquidation any surplus remaining, after the payment...
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Barnes' Federal Code: Containing All Federal Statutes of General and Public ...

United States - Law - 1922 - 756 pages
...derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against...indebtedness of the United States under regulations to he prescribed by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into...
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The Annals of the American Academy of Political and Social Science

American Academy of Political and Social Science - Federal Reserve banks - 1922 - 828 pages
...United States by the Federal Reserve Banks, the law provided, "shall in the discretion of the Secretary, be used to supplement the gold reserve held against...outstanding bonded indebtedness of the United States. . . ." The significance of these provisions concerning earnings, briefly stated, is apparently as follows:...
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National Banking Under the Federal Reserve System

First National City Bank of New York - Federal Reserve banks - 1923 - 188 pages
...derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against...by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts,...
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The Federal Reserve Act (approved December 23, 1913) as Amended August 4 ...

United States - Banking law - 1923 - 132 pages
...derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against...by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts,...
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Message of the President of the United States Transmitting the Alternative ...

United States. Bureau of the Budget - Budget - 1923 - 1086 pages
...derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against...by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, alter the payment of all debts,...
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