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Forgan, J. B., report on reduction of capital of Federal Reserve Banks...... 793-797

Gold:

Abrasion, loss sustained by Federal Reserve Banks....
Certificates to be retired for Federal Reserve notes..
Committee of Federal Reserve Board to regulate shipments..
Currency, etc., to be supplied by Federal Reserve Banks..

Embargo..
Exports..

Federal Reserve Banks to supply member banks with....
Federal Reserve notes issued against...

Free market for......

Held by Federal Reserve Agents as reserve..
Importations, effect on reserves.................

In Federal Reserve Banks, to be accumulated.

In subtreasuries not to be transferred..

Mobilized in Federal Reserve Banks..

Notes of United States, 1-year, 3 per cent..

Reserves of Federal Reserve Banks.

Settlement fund, clearance through..

With Federal Reserve Board as part of lawful reserve..

Government. (See United States.)

Great Britain:

Free gold market with....

Working arrangement with, after war

Guaranty of bank deposits.....

844-845
788, 825-826

868

815

843-844, 850, 863-864, 868

843-844, 850

809

785-786, 819
868,869

819, 827-828, 833-835

824-825

788

825-826

819-820

823

843-844, 868, 869
812-813

835

868-869

868

839-842, 860-861

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International Banking Corporation....

Interstate Commerce Commission, ruling on common carriers...

Inventories in merchandise, allowance made for increased costs..

Investments of Federal Reserve Banks.....

Legislation, pending, taxation...

Letters of credit:

Banks issuing commercial....

(See also Bills of exchange.)

Liberty bonds. (See United States.)

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783, 786-787, 816, 822, 857-858

(See also National banks).

inority report:

Reduction of capital of Federal Reserve Banks..
Bank drafts of member banks available..

(utual savings banks to become associate members.

ational Bank Act, amendments proposed...
ational banks:

Branches of...

Examiners' reports on..

Foreign branches of.....

To act as trustee, executor, etc....

To accept up to 100 per cent of capital and surplus.....
To maintain minimum deposits of United States bonds.
National Dry Goods Association, recommendations...
Jonessential credits. (See Credits.)

Tonmember banks clearings...

Officers of member banks, receiving fees, etc.....

Paper:

Commercial, circular on..

Commodity, rates for..........

Customers,' secured by United States bonds...

Federal Reserve notes to be issued against 100 per cent....

Secured by bonds of railroads and corporations....

Penal statute, directors accepting fees.....

Policy of Federal Reserve Banks after war.

Priorities in capital and bond issues..

Private bankers. (See Bankers.)

782, 784

783, 786

765

822

822

865

793, 870

799-800, 837-838

768-770

781, 848

848

819

849

821-822

867-868

853

Public utility corporations...

Pyramiding of bank deposits...

Railroads to be financed by United States during war.
Rates, commodity, no need for preferential..

Rates:

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849, 863
800-801

849

848

852, 864

801-802
809

781, 842-843, 851

843-844

861-862

852, 863

869

825

852-853

863

864

813

802-803

791-792

816, 857-858
791-792

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Permission to carry in Federal Reserve Banks..
Reduced......

Requirements of act to be simplified where State laws interfere..

849-850

809

836-837

858

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Seay, George J., argument for putting reserve provisions into effect....

787

Securities and currency to be transferred free.

865

Silver exportations, restricted.............

863-864

State banks:

Admission to Federal Reserve System. 767, 775, 776-781, 782, 814, 821, 830–832, 858
Allowed fee for collecting checks.......

817

Hayes bill.....

828

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Statements of private bankers accessible to governors and Federal Reserve
agents.

Sterling exchange, should be stabilized..........

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Stock ownership by member banks in corporations doing foreign business... 809–810
Strong, Benj., report of Committee on International Exchange...
Subtreasuries, some functions to be taken over by Federal Reserve Banks... 825-826
Surplus of Federal Reserve Banks to accumulate to 100 per cent of capital..
Taxation for war purposes..

845-848

869

829-830

Taxation legislation.......

864-865

Trade acceptances. (See Acceptances.)

Page.

ransfer of currency and securities free..

865

reasury certificates of indebtedness....

829

reasury Department to supply currency and gold to member banks......

809

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Financing to check expansion of Federal Reserve notes.
Free gold market....

865-866

868-869

Grain Corporation, loans to.....

844-845

Gold notes, 1 year, 3 per cent, exchangeable for 2 per cent..

823

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War, business and financial conditions after cessation of.

War Finance Corporation....

Assisting public utilities....

War policies of Federal Reserve Banks after war.
Warrants, purchase of.

100823°-1958

843-844

825-826

835

829, 851

849

853

-853

849, 863

787

853

863

867-869

765

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