Money and BankingD. Appleton, 1917 - 439 страница |
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Страница 41
... charge , since , being only partially covered by a specie reserve , they are in part a loan to the government without interest . The advantages of convertible treasury notes , however , are more than counterbalanced by disadvantages ...
... charge , since , being only partially covered by a specie reserve , they are in part a loan to the government without interest . The advantages of convertible treasury notes , however , are more than counterbalanced by disadvantages ...
Страница 42
... charges , which may exceed the profit accruing from the issue of the notes . 32. Inconvertible or fiat currency . - Inconvertible paper money consists of notes promising to pay money to the bearer , but not actually redeemable in specie ...
... charges , which may exceed the profit accruing from the issue of the notes . 32. Inconvertible or fiat currency . - Inconvertible paper money consists of notes promising to pay money to the bearer , but not actually redeemable in specie ...
Страница 55
... charge , the coining value of an ounce of pure gold being $ 20.67 or of an ounce of standard gold $ 18.60 . Gold coin is legal tender in unlimited amounts for all debts public and private . Gold bullion consists mainly of bars made by ...
... charge , the coining value of an ounce of pure gold being $ 20.67 or of an ounce of standard gold $ 18.60 . Gold coin is legal tender in unlimited amounts for all debts public and private . Gold bullion consists mainly of bars made by ...
Страница 59
... charge , called " seigniorage , " which is a certain amount deducted by the government either as bullion or coins . The word seigniorage comes down to us from mediæval times when the " seigneur " or lord had a monopoly of coinage and ex ...
... charge , called " seigniorage , " which is a certain amount deducted by the government either as bullion or coins . The word seigniorage comes down to us from mediæval times when the " seigneur " or lord had a monopoly of coinage and ex ...
Страница 64
... charge . Any tendency for gold coin to become more valu- able than gold bullion is checked by the withdrawal of gold from industrial uses and an increase in the amount sent to the mints to be coined . On the other hand , gold coin is ...
... charge . Any tendency for gold coin to become more valu- able than gold bullion is checked by the withdrawal of gold from industrial uses and an increase in the amount sent to the mints to be coined . On the other hand , gold coin is ...
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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 broker bullion capital and surplus capital stock cash cent central reserve centum charter checks clearing house coin collateral commercial bank commercial paper Comptroller country banks 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 liabilities loan bonds member banks ment mortgage national banks national farm loan note issues organization paid payable payment purchase receive redeem redemption rediscount regulations reserve cities savings banks Secretary sell silver stockholders teller tion transactions Treasury trust companies United York
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Страница 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...
Страница 385 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Страница 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.
Страница 431 - Demand deposits within the meaning of this Act shall comprise all deposits payable within thirty days, and time deposits shall comprise all deposits payable after thirty days, and all savings accounts and certificates of deposit which are subject to not less than thirty days
Страница 395 - ... best for the purpose of purchasing, selling, and collecting bills of exchange, and to buy and sell, with or without its indorsement, through such correspondents or agencies, bills of exchange...
Страница 457 - ... of said board. All such attorneys, experts, assistants, clerks, and other employees shall be appointed without regard to the provisions of the act of January sixteenth, eighteen hundred and eighty-three (volume twenty-two, United States Statutes at Large, page four hundred and three), and amendments thereto, or any rule or regulation made in pursuance thereof: Provided, That nothing herein shall prevent the President from placing said employees in the classified service.
Страница 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.
Страница 452 - If at any time it shall appear to the Federal Reserve Board that a member bank has failed to comply with the provisions of this section or the regulations of -the Federal Reserve Board...
Страница 393 - Notes, drafts and bills admitted to discount under the terms of this paragraph must have a maturity at the time of discount of not more than ninety days...
Страница 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...