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" Board, to open and maintain banking accounts in foreign countries, appoint correspondents, and establish agencies in such countries wheresoever it may deem best for the purpose of purchasing, selling, and collecting bills of exchange, and to buy and sell... "
Official Report of the National Foreign Trade Convention - Page 47
1915
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The Formative Period of the Federal Reserve System: (during the World Crisis)

William Proctor Gould Harding - Business & Economics - 1925 - 350 pages
...prescribed by the Federal Reserve Board, Federal Reserve Banks shall have power to open and maintain accounts in foreign countries, appoint correspondents,...selling and collecting bills of exchange, and to buy and sell, with or without its endorsement, through some correspondents or agencies, bills of exchange...
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Federal Reserve Bulletin

Banks and banking - 1925 - 1024 pages
...with the consent or upon the order and direction of the Federal Reserve Board, to open and maintain accounts in foreign countries, appoint correspondents,...establish agencies in such countries wheresoever it may be deemed best for the purpose of purchasing, selling, and collecting bills of exchange, and, with...
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Federal Reserve Banking Practice: By H. Parker Willis ... and William H ...

Henry Parker Willis, William Howard Steiner - Federal Reserve banks - 1926 - 1202 pages
...the Federal Reserve Board and under regulations to be prescribed by said board, to open and maintain accounts in foreign countries, appoint correspondents,...establish agencies in such countries wheresoever it may be deemed best for the purpose of purchasing, selling, and collecting bills of exchange. It was intended...
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Annals of the American Academy of Political and Social Science, Volume 127

Political science - 1926 - 222 pages
...trade. Moreover, under the same section, any Federal Reserve bank is authorized "to open and maintain accounts in foreign countries, appoint correspondents, and establish agencies in such countries," while, under Section 25, any national bank with a capital and surplus of $1,000,000 may "establish...
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Markets of the United States, Volume 127

American Academy of Political and Social Science - United States - 1926 - 220 pages
...trade. Moreover, under the same section, any Federal Reserve bank is authorized "to open and maintain accounts in foreign countries, appoint correspondents, and establish agencies in such countries," while, under Section 25. any national bank with a capital and surplus of $1,000,000 may "establish...
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The Annals of the American Academy of Political and Social ..., Volumes 126-128

Political science - 1926 - 712 pages
...trade. Moreover, under the same section, any Federal Reserve bank is authorized "to open and maintain accounts in foreign countries, appoint correspondents, and establish agencies in such countries," while, under Section 25, any national bank with a capital and surplus of $1,000,000 may "establish...
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Problems in Banking, Money and Credit

John Martin Chapman, Ray Bert Westerfield - Banks and banking - 1927 - 798 pages
...the Federal Reserve Board and under regulations to be prescribed by said board, to open and maintain accounts in foreign countries, appoint correspondents,...establish agencies in such countries wheresoever it may be deemed best for the purpose of purchasing, selling, and collecting bill? of exchange, and to buy...
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United States Code Annotated, Volume 12

United States - Law - 1927 - 612 pages
...the Federal Reserve Board and under regulations to be prescribed by said board, to open and maintain accounts in foreign countries, appoint correspondents,...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...
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Stabilization: Hearings Before the Committee on Banking and Currency House ...

United States. Congress. House. Committee on Banking and Currency - Currency question - 1927 - 1174 pages
...shall have power (a) to deal in gold coin and bullion at home or abroad," and "(e) to open and maintain accounts in foreign countries, appoint correspondents,...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...
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The Reserve Banks and the Money Market

Warren Randolph Burgess - Banks and banking - 1927 - 360 pages
...exchange, may deal in gold coin or bullion at home or abroad, make loans on gold, open and maintain accounts in foreign countries, appoint correspondents, and establish agencies in such countries for the purpose of buying and selling and collecting bills of exchange, and open and maintain banking...
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