Extracts from the Laws of the United States Relating to Currency and Finance

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C.W. Sever, 1889 - Finance, Public - 66 pages
 

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Page 35 - ... who shall have power to make a thorough examination into all the affairs of the association, and in doing so, to examine any of the officers and agents thereof on oath ; and shall make a full and detailed report of the condition of the association to the comptroller.
Page 45 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof...
Page 30 - ... deposits, such association shall not increase its liabilities by making any new loans or discounts otherwise than by discounting or purchasing bills of exchange payable at sight...
Page 26 - The shareholders of every Federal reserve bank shall be held individually responsible, equally and ratably, and not one for another...
Page 55 - National bank to keep in lawful money with the Treasurer of the United States a sum equal to five per centum of its circulation, to be held and used for the redemption of its...
Page 17 - ... lawful money and a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest as aforesaid.
Page 43 - ... and to prepare and issue therefor coupon or registered bonds of the United States in such form as he may prescribe, and in denominations of...
Page 29 - 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.
Page 20 - That the Secretary of the Treasury, with the approval of the President, is hereby authorized to borrow, from time to time, on the credit of the United States...
Page 30 - Washington, shall at all times have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its notes in circulation and its deposits...

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