The Federal Intermediate Credit System |
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Page vii
... institutions thus created naturally tend to be- come a permanent part of our economic system , and it is accordingly ... credit relief . Falling agricultural prices made it dif- ficult for the farmers to meet their obligations , and quite ...
... institutions thus created naturally tend to be- come a permanent part of our economic system , and it is accordingly ... credit relief . Falling agricultural prices made it dif- ficult for the farmers to meet their obligations , and quite ...
Page viii
... credit institutions , while others feared that great harm had been done our banking system by their establishment . This study attempts to por- tray the economic and political situation that gave rise to the Agricultural Credits Act of ...
... credit institutions , while others feared that great harm had been done our banking system by their establishment . This study attempts to por- tray the economic and political situation that gave rise to the Agricultural Credits Act of ...
Page xi
... credit problem in both state and national assemblies . This attention has borne fruit in the enactment of a large amount of new legislation and in the establishment of two federal systems of rural credit institutions . Beginning with ...
... credit problem in both state and national assemblies . This attention has borne fruit in the enactment of a large amount of new legislation and in the establishment of two federal systems of rural credit institutions . Beginning with ...
Page xii
... credit facil- ities , certainly such is not the case at the present time . No other single industry in the country has so many types of credit institutions to serve it . In addition to being free to call upon all the institu- tions that ...
... credit facil- ities , certainly such is not the case at the present time . No other single industry in the country has so many types of credit institutions to serve it . In addition to being free to call upon all the institu- tions that ...
Page xiii
... credit inflation would result . On the other hand , the advocates of the Act made glowing promises as to the benefits that would result to agriculture when these new credit institutions were once established . Conservative students of ...
... credit inflation would result . On the other hand , the advocates of the Act made glowing promises as to the benefits that would result to agriculture when these new credit institutions were once established . Conservative students of ...
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Common terms and phrases
67th Congress agri agricul agricultural credit corporations Agricultural Credits Act agricultural paper agricultural products amended amount bankers banking system bills of exchange borrow capital stock cattle loan companies cent co-operative associations co-operative marketing associations Comptroller country banks credit accommodation credit facilities credit institutions credit needs credit stringency crop cultural Credit debentures demand deposits directors discount districts drafts economic 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 funds furnish increase interest rates Intermediate Credit Banks Intermediate Credit system issued large number Lenroot-Anderson bill liquidation livestock maturity mediate Credit Banks member banks ment money markets mortgage National Agricultural Credit national banks notes operations orderly marketing organization period poration purchase purpose rediscount rural credit sell six months tion tural War Finance Corporation
Popular passages
Page 309 - 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 362 - ... 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 371 - 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 347 - That if any person shall falsely make, forge, or counterfeit, or cause or procure...
Page 39 - 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 370 - 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 364 - 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 339 - ... 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 319 - The amount of its capital stock and the number of shares into which the same shall be divided.
Page 25 - Any national banking association not situated in a central reserve city may make loans secured by improved and unencumbered farm land...