Financial Institutions Act 1957: Hearings Before the Committee on Banking and Currency, House of Representatives, Eighty-fifth Congress, First[-second] Session, on S. 1451 and H.R. 7026, Part 1Considers legislation to revise Federal financial institution regulations. |
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Page 47
... billion dollars in the surplus fund of the Federal Reserve banks , why you want 10 percent more each year . What will you do with it ? It doesn't serve any purpose . It is idle , unused . What do you want to put it aside for ? Governor ...
... billion dollars in the surplus fund of the Federal Reserve banks , why you want 10 percent more each year . What will you do with it ? It doesn't serve any purpose . It is idle , unused . What do you want to put it aside for ? Governor ...
Page 49
... billions of dollars . With no appropriations needed from the Congress , you don't have to go back to Congress for anything , according to your peculiar setup . I hope to bring this out in these hearings and to show some of the things ...
... billions of dollars . With no appropriations needed from the Congress , you don't have to go back to Congress for anything , according to your peculiar setup . I hope to bring this out in these hearings and to show some of the things ...
Page 51
... billions of dollars every year . If anyone should happen to have knowledge of what is going to happen the next day in this Government bond market , he could make millions of dollars , and yet you have no regulations as to se- crecy ...
... billions of dollars every year . If anyone should happen to have knowledge of what is going to happen the next day in this Government bond market , he could make millions of dollars , and yet you have no regulations as to se- crecy ...
Page 73
... billion in gold certificates ? Do you have the exact amount there ? Mr. MARTIN . We can get it for you ? I think it is $ 21 billion . Mr. PATMAN . Around $ 20 billion or $ 21 billion . Isn't it a fact that you haven't actually printed ...
... billion in gold certificates ? Do you have the exact amount there ? Mr. MARTIN . We can get it for you ? I think it is $ 21 billion . Mr. PATMAN . Around $ 20 billion or $ 21 billion . Isn't it a fact that you haven't actually printed ...
Page 74
... billion , but that doesn't include this $ 25 billion in Federal Reserve notes , does it ? Mr. MARTIN . No , it is not in that . Mr. PATMAN . Therefore , our national debt is $ 25 billion more than that , isn't it ? It is a direct ...
... billion , but that doesn't include this $ 25 billion in Federal Reserve notes , does it ? Mr. MARTIN . No , it is not in that . Mr. PATMAN . Therefore , our national debt is $ 25 billion more than that , isn't it ? It is a direct ...
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Common terms and phrases
agencies amendment amount ANDERSON Anjopa antitrust approval assets audit authority Bank & Trust bank mergers bankers BETTS bill billion Board of Governors bonds borrow branch banking branches capital CHAIRMAN charge Clayton Act COAD commercial banks committee competition Comptroller Congress Corporation cumulative voting debt demand deposits directors discount dollar examination FDIC Federal Deposit Insurance Federal Reserve Act Federal Reserve banks Federal Reserve Board Federal Reserve notes Federal Reserve System funds GIDNEY going gold Government Governor ROBERTSON HANSEN HENDERSON HEXTER holding company interest rates JENNINGS KILBURN limit loans MARTIN matter member banks ment MULTER MUMMA National Bank National Bank Act Number of banks operation PATMAN percent permit preferred stock provision purchase question regulation reports Reserve city section 23 securities SEELY-BROWN Senate shareholders statement statute stockholders supervisory surplus THOMAS tion Total Treasury usury VANIK vice president York
Popular passages
Page 781 - ... forfeiture ; but no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, except that such individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying.
Page 697 - The reviewing court shall: (1) compel agency action unlawfully withheld or unreasonably delayed; and (2) hold unlawful and set aside agency action, findings, and conclusions found to be — (a) arbitrary, capricious, an abuse of discretion, or otherwise not in accordance with law...
Page 85 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them on the same principle among as many candidates as he shall think fit ; and such directors or managers shall not be elected in any other manner.
Page 779 - ... no attachment, injunction, or execution, shall be issued against such association or its property before final judgment in any suit, action, or proceeding, in any State, county, or municipal court.
Page 781 - ... and shall command each person to whom it is directed to attend and give testimony at a time and place therein specified.
Page 697 - To the extent necessary to decision and when presented, the reviewing court shall decide all relevant questions of law, interpret constitutional and statutory provisions, and determine the meaning or applicability of the terms of an agency action.
Page 779 - Third. To make contracts. Fourth. To sue and be sued, complain and defend, in any court of law or equity.
Page 781 - Commission, on the ground that the testimony or evidence, documentary or otherwise, required of him may tend to incriminate him or subject him to a penalty or forfeiture...
Page 457 - ... the convenience, needs, and welfare of the communities and the area concerned; and (5) whether or not the effect of cuch acquisition or merger or consolidation would be to expand the size or extent of the bank holding company system involved beyond limits consistent with adequate and sound banking, the public Interest, and the preservation of competition In the field of banking.
Page 441 - That nothing in this or any other section of this Act shall be construed as prohibiting a member or nonmember bank from making reasonable charges, to be determined and regulated by the Federal Reserve Board, but in no case to exceed 10 cents per $100 or fraction thereof, based on the total of checks and drafts presented at any one time, for collection or payment of checks and drafts and remission therefor by exchange or otherwise; but no such charges shall be made against the Federal reserve banks.