Federal Reserve Act, 1913: McFadden Act, 1927; Banking Act of 1933, Banking Act of 1935, Banking Holding Company Act, 1956; ... 1958 |
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Page 18
... cash resource of at least $ 300,000,000 . As will presently be seen in greater detail , it is proposed to give to the reserve banks reserves now held by individual banks as reserve holders under the national banking act for other banks ...
... cash resource of at least $ 300,000,000 . As will presently be seen in greater detail , it is proposed to give to the reserve banks reserves now held by individual banks as reserve holders under the national banking act for other banks ...
Page 19
... cash in the vaults , while banks situated outside of such cities are allowed to make certain deposits with them which shall count as a part of the reserves of such outside banks . ( 2 ) Those in reserve cities , 47 in number , which are ...
... cash in the vaults , while banks situated outside of such cities are allowed to make certain deposits with them which shall count as a part of the reserves of such outside banks . ( 2 ) Those in reserve cities , 47 in number , which are ...
Page 20
... cash in hand . The theory is of course close enough to the facts when an effort to realize is made by only one or few banks , but is entirely erroneous whenever the attempt to withdraw deposits is made by a number of banks simul ...
... cash in hand . The theory is of course close enough to the facts when an effort to realize is made by only one or few banks , but is entirely erroneous whenever the attempt to withdraw deposits is made by a number of banks simul ...
Page 21
... cash to be held by these banks . It has therefore reduced the gross reserve requirements from 25 to 18 per cent of deposits and the cash in vault requirement from 25 per cent in the central reserve cities to 9 per cent and from 12 per ...
... cash to be held by these banks . It has therefore reduced the gross reserve requirements from 25 to 18 per cent of deposits and the cash in vault requirement from 25 per cent in the central reserve cities to 9 per cent and from 12 per ...
Page 23
... cash payment for their bonds at par , and the new securities might be sold for what they would bring , or an exchange of 3 per cents for the old twos might be ordered . The latter would be simpler , and the former would probably cost a ...
... cash payment for their bonds at par , and the new securities might be sold for what they would bring , or an exchange of 3 per cents for the old twos might be ordered . The latter would be simpler , and the former would probably cost a ...
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amends section amount application appointed approval assessment assets authorized bank holding company bankers Banking Act board of directors bonds branch banking capital and surplus capital stock cash cent central reserve cities centum certificate closed bank Comptroller Congress Corporation deemed deposit liabilities depositors discount dividends employee establish examination existing law Federal Deposit Insurance Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve district Federal reserve notes Federal Reserve System funds gold Government held holding company affiliate House bill insured bank insured deposit interest issued loans located member bank ment mutual savings bank national banking act national banking association national-bank nonmember banks obligations officer operations paid payment permit prescribed purchase purpose receive rediscount regulations reserve requirements Revised Statutes Secretary Senate amendment shareholders shares stockholders term thereafter thereof tion title 12 Treasury trust company United vote