Incorporating Institutions to Engage in International Or Foreign Banking, Hearings Before ..., 66-1 on S.2472 ..., July 23, 1919 |
From inside the book
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Page 7
... better . Of course the gold dollar of America has gone back now from a value of sixty - odd cents , as a year and a half ago it was in Madrid or Barcelona , until to - day it is worth a dollar plus , as it ought to be . In fact , it ...
... better . Of course the gold dollar of America has gone back now from a value of sixty - odd cents , as a year and a half ago it was in Madrid or Barcelona , until to - day it is worth a dollar plus , as it ought to be . In fact , it ...
Page 12
... better than gold , because we need no more gold , and gold bears no interest in our own vaults , expands our currency , while good securities bring in interest every day as an earning . Senator , if you will pardon me a moment , and ...
... better than gold , because we need no more gold , and gold bears no interest in our own vaults , expands our currency , while good securities bring in interest every day as an earning . Senator , if you will pardon me a moment , and ...
Page 15
... better for us to provide a way - not secure anything , not underwrite anything , but to provide a way for the American business man to send goods abroad , rather than for the Federal Government to levy taxes , or in some method or ...
... better for us to provide a way - not secure anything , not underwrite anything , but to provide a way for the American business man to send goods abroad , rather than for the Federal Government to levy taxes , or in some method or ...
Page 16
... better than if we incorporated it under a State and did not have that supervision . Then the problem would be like this : You have an offer for phos- phate . You advise the agents of this corporation that you have such an order . They ...
... better than if we incorporated it under a State and did not have that supervision . Then the problem would be like this : You have an offer for phos- phate . You advise the agents of this corporation that you have such an order . They ...
Page 17
... better than he expresses it , nor as well . Senator GRONNA . Could this corporation get funds from any other source than these two ? They would either have to have sufficient funds to transact this enormous business or they would have ...
... better than he expresses it , nor as well . Senator GRONNA . Could this corporation get funds from any other source than these two ? They would either have to have sufficient funds to transact this enormous business or they would have ...
Common terms and phrases
agents amended American dollar American investing public American producer appointed authorized bankers banking corporation bill provides bills of exchange board of directors bonds Britain capital and surplus capital stock cent CHAIRMAN committee Congress corporations chartered credit balance Currency dependency or insular discount drafts embargo employees Europe European credits exercise exports extend credits Federal Reserve Act Federal reserve banks Federal Reserve Board Federal reserve foreign Federal reserve notes financial operations foreign countries foreign exchange Foreign Finance Corporation foreign Governments France gold incidental insular possession interest international exchange international or foreign issue laws lire loans loss manufacturing member bank million national banks officers organization certificate paid poration pound sterling profit purchase purpose reserve foreign bank rules and regulations section 25 securities Senator EDGE Senator FLETCHER Senator GRONNA Senator NEWBERRY Senator OWEN Spain subscribed supervision thereof to-day transaction trust companies United War Finance Corporation worth
Popular passages
Page 26 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange! arising out of actual commercial transactions...
Page 4 - 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.
Page 5 - Sixth. To prescribe, by its board of directors, by-laws not inconsistent with law, regulating the manner in which its stock shall be transferred, its directors...
Page 5 - States but not engaged in the general business of buying or selling goods, wares, merchandise or commodities in the United States, and not transacting any business in the United States except such as in the judgment of the Federal Reserve Board may be incidental to its international or foreign business...
Page 27 - To establish from time to time, subject to review and determination of the Federal Reserve Board, rates of discount to be charged by the Federal Reserve bank for each class of paper, which shall be fixed with a view of accommodating commerce and business...
Page 27 - States, bonds and notes of foreign governments, and bills, notes, revenue bonds, and warrants, with a maturity from date of purchase of not exceeding six months, issued in anticipation of the collection of taxes or in anticipation of the receipt of assured revenues by any State, county, district, political subdivision, or municipality in the continental United States, including irrigation, drainage, and reclamation districts, such purchases to be made in accordance with rules and regulations prescribed...
Page 4 - Such articles of association shall be signed by all of the persons intending to participate in the organization of the corporation and, thereafter, shall be forwarded to the Federal Reserve Board and shall be filed and preserved in its office.
Page 26 - 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, the Federal Reserve Board to have the right to determine or define the character of the paper thus eligible for discount, within the meaning of this Act.
Page 26 - To prescribe, by its Board of Directors, bylaws not inconsistent with law, regulating the manner in which its general business may be conducted, and the privileges granted to it by law may be exercised and enjoyed.
Page 26 - To prescribe, by its board of directors, by-laws not inconsistent with law, regulating the manner in which its stock shall be transferred, its directors elected or appointed, its officers appointed, its property transferred, its general business conducted, and the privileges granted to it by law exercised and enjoyed.