Money and BankingD. Appleton, 1917 - 511 страница |
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Страница 16
John Thom Holdsworth. return , no income ; but if invested in stocks , bonds , real estate , or grain it yields a profit . So men keep as a store habitually only as much money as they expect to need for immediate use . 12. Standard of ...
John Thom Holdsworth. return , no income ; but if invested in stocks , bonds , real estate , or grain it yields a profit . So men keep as a store habitually only as much money as they expect to need for immediate use . 12. Standard of ...
Страница 33
... bonds to replenish the gold reserve . Failing in this the Government was com- pelled to fall back upon the Resumption Act of 1875 , which provided for the sale of bonds to redeem the legal tender notes . Though two bond issues of ...
... bonds to replenish the gold reserve . Failing in this the Government was com- pelled to fall back upon the Resumption Act of 1875 , which provided for the sale of bonds to redeem the legal tender notes . Though two bond issues of ...
Страница 35
... bonds . This gold reserve cannot be used to meet a deficit in revenue . To prevent a repetition of the " endless chain " operations of the period following the crisis of 1893 , the act provided that legal tender or treas- ury notes once ...
... bonds . This gold reserve cannot be used to meet a deficit in revenue . To prevent a repetition of the " endless chain " operations of the period following the crisis of 1893 , the act provided that legal tender or treas- ury notes once ...
Страница 41
... bonds . Neither method can be depended upon with certainty . Reliance cannot be placed on current government receipts from taxation , since the coin paid in is needed ordinarily for current expenditures . If a special tax or an ...
... bonds . Neither method can be depended upon with certainty . Reliance cannot be placed on current government receipts from taxation , since the coin paid in is needed ordinarily for current expenditures . If a special tax or an ...
Страница 47
... bonds by which they are secured . The new reserve banks authorized by the act of 1913 may issue reserve bank notes up to the par value of government bonds deposited to secure them . The Federal reserve notes , which provide a kind of ...
... bonds by which they are secured . The new reserve banks authorized by the act of 1913 may issue reserve bank notes up to the par value of government bonds deposited to secure them . The Federal reserve notes , which provide a kind of ...
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acceptances amount assets balance Bank of England bank's bankers banking system bill of lading bills of exchange borrower brokers bullion cash cashier cent charter checks clearing house clerk coinage collateral collection commercial bank commercial paper commodities Comptroller country banks currency customers debts demand depositors deposits directors discount district draft drawn established exports Federal Reserve Act Federal reserve banks Federal Reserve Board Federal reserve notes Federal reserve system foreign exchange funds gold reserve greenbacks guaranty increase index number indorsed investment keep ledger legal tender liabilities medium of exchange member banks ment Money and Banking mortgage national bank act national bank notes note issues paid payable payment practice profit receipts received redeem redemption rediscount reserve cities savings banks seigniorage sell silver dollars specie standard stockholders supply tion trade transactions Treasury trust companies United York
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Страница 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...
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 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.
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 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.
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 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...
Страница 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...
Страница 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.
Страница 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...