Pending Banking Legislation: Letters by Officers of the National City Bank of New York to the Banking and Currency Committees of the Congress of the United States |
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Pending Banking Legislation: Letters by Officers of the National City Bank ... National City Bank of New York No preview available - 2016 |
Common terms and phrases
amount appointed assets balances BANK EXAMINATIONS bank note issue bank or banking bank reserves bank-note bankers banking and currency banking business banks in reserve bills of exchange board of directors capital stock central bank central reserve cities centum bonds chairman charter circulating notes CITY BANK Comptroller country banks country national banks deposits directors of Class discount discretion eral reserve bank Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve Treasury five per centum fixed functions funds gold Government hereinbefore provided investment legislation loans maturing member banks ment National Bank Act national banking association officer or director organization outstanding paper political principles proposed receive redemption rediscount regional banks regional reserve banks regulations reserve and central reserve requirements reserve Treasury notes respect Secretary securities serve banks stockholders subscribing bank sum equal three per centum tion twenty per centum uncon unimpaired capital United
Popular passages
Page 69 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than three months...
Page 66 - States and having an unimpaired capital sufficient to entitle it to become a national banking association under the provisions...
Page 72 - Any Federal reserve bank may at any time reduce its liability for outstanding Federal reserve notes by depositing with the Federal reserve agent its Federal reserve notes, gold, gold certificates, or lawful money of the United States.
Page 59 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 73 - So much of the provisions of section fifty-one hundred and fifty-nine of the Revised Statutes of the United States, and section four of the Act of June twentieth, eighteen hundred and seventyfour, and section eight of the Act of July twelfth, eighteen hundred and eighty-two, and of any other provisions of existing statutes as require that before any national banking...
Page 63 - The Reserve Bank Organization Committee may, in organizing Federal reserve banks, call such meetings of bank directors in the several districts as may be necessary to carry out the purposes of this Act, and may exercise the functions herein conferred upon the chairman of the board of directors of each Federal reserve bank pending the complete organization of such bank.
Page 70 - Board, to open and maintain [banking] accounts in foreign countries, appoint correspondents, and establish agencies in such countries wheresoever it may be deemed 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...