Annual Report, Volume 3U.S. Government Printing Office, 1917 - Banks and banking |
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Common terms and phrases
90 days amount Atlanta August average balances bankers Bills bought Boston capital stock cash cent charges checks Chicago clearing house Cleveland collateral collection system commercial paper Comptroller cost currency Dallas December 31 deposits discount rates dividend earnings examiner exchange executor Federal Reserve Act Federal Reserve Agent Federal Reserve Bank Federal Reserve Board Federal Reserve district Federal Reserve notes Federal Reserve system gold settlement fund increase investments January July 15 Kansas City liabilities loans Louis maturity member banks ment Minneapolis months Municipal warrants National Bank nonmember banks November number of items October officers open market operations paid Philadelphia purchased received redemption rediscounts registrar of stocks Reserve Bank notes reserve city Reserve notes issued Richmond San Francisco SCHEDULE secured Sept September stocks and bonds trade acceptances transfer transit department trust companies Trustee United States bonds United States Treasurer vault York
Popular passages
Page 155 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 158 - To buy and sell, at home or abroad, bonds and notes of the United States, 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...
Page 160 - States as may be incidental to or for the purpose of carrying out transactions in foreign countries or dependencies or insular possessions of the United States...
Page 135 - 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 163 - Board, cancel within the same calendar year more than twenty-five per centum of its capital stock for the purpose of effecting voluntary withdrawals during that year. All such applications shall be dealt with in the order in which they are filed with the board.
Page 131 - Provided, That the districts shall be apportioned with due regard to the convenience and customary course of business and shall not necessarily be coterminous with any State or States.
Page 154 - 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...
Page 136 - Board, provided such promissory notes are secured by such notes, drafts, bills of exchange, or bankers' acceptances as are eligible for rediscount or for purchase by Federal Reserve Banks under the provisions of this Act, or by the deposit or pledge of bonds or notes of the United States.
Page 135 - Notes, drafts, and bills admitted to discount under the terms of this paragraph must have a maturity at the time of discount of not more than ninety days...
Page 136 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than three months' sight to run, exclusive of days of grace, drawn under regulations to be prescribed by the Federal Reserve Board by banks or bankers in foreign countries or dependencies or insular possessions of the United States for the purpose of furnishing dollar exchange as required by the usages of trade in the respective countries, dependencies, or insular possessions.