The Federal Intermediate Credit System |
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Common terms and phrases
67th Congress agri agricul agricultural credit cor agricultural credit corporations Agricultural Credits Act agricultural paper agricultural products amended amount asso banker banking system borrower capital and surplus capital stock cattle loan companies cattle paper cattlemen cent co-operative associations co-operative marketing associations commercial banks Comptroller Congress country banks credit accommodation credit facilities credit institutions credit needs credit stringency crop cultural credit corporations debentures demand deposits directors discount districts established extend credit Farm Loan Board farmers Federal Farm Loan Federal Intermediate Credit Federal land bank Federal Reserve Act Federal Reserve Banks Federal Reserve Board Federal Reserve system Finance Corporation furnish Inter interest rates Intermediate Credit Banks Intermediate Credit system issued large number Lenroot-Anderson bill liabilities liquidate mediate Credit Banks member banks ment money market mortgage National Agricultural Credit national banks notes operations period poration purchase purpose rediscount sell short-time six months tion War Finance Corporation
Popular passages
Page 307 - The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury.
Page 360 - ... notes, drafts, and bills of exchange of factors issued as such making advances exclusively to producers of staple agricultural products in their raw state shall be eligible for such discount; but such definition shall not include notes, drafts, or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities, except bonds and notes of the Government of the United States.
Page 369 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 345 - That if any person shall falsely make, forge, or counterfeit, or cause or procure...
Page 37 - Any note, draft, bill of exchange or banker's acceptance which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions...
Page 368 - That if any clause, sentence, paragraph, or part of this act shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder thereof...
Page 362 - 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 337 - ... with the approval of the Comptroller of the Currency be converted into a national banking association, with any name approved by the Comptroller of the Currency : Provided, however, That said conversion shall not be in contravention of the State law.
Page 317 - The amount of its capital stock and the number of shares into which the same shall be divided.
Page 23 - Any national banking association not situated in a central reserve city may make loans secured by improved and unencumbered farm land...