The Federal Intermediate Credit System |
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Page 28
... issued for agri- cultural purposes or based on livestock and having a maturity not exceeding six months , exclusive of days of grace , may be discounted in an amount to be limited to a percentage of the capital of the Federal Reserve ...
... issued for agri- cultural purposes or based on livestock and having a maturity not exceeding six months , exclusive of days of grace , may be discounted in an amount to be limited to a percentage of the capital of the Federal Reserve ...
Page 32
... issued for agricultural purposes or based upon livestock " in a liberal manner . Soon after the system was estab- lished the Board had to decide what " drawn or issued for an agricultural purpose " included . In an informal ruling it ...
... issued for agricultural purposes or based upon livestock " in a liberal manner . Soon after the system was estab- lished the Board had to decide what " drawn or issued for an agricultural purpose " included . In an informal ruling it ...
Page 35
... issued for agricultural purposes . Again the Board showed that it was desirous of making available the resources of the Federal Re- serve Banks to agriculture by the liberal manner in which it provided for the identification of agricul ...
... issued for agricultural purposes . Again the Board showed that it was desirous of making available the resources of the Federal Re- serve Banks to agriculture by the liberal manner in which it provided for the identification of agricul ...
Page 39
... issued any rule covering this point . The attitude of the Board has been that the Federal Reserve Banks in their dealings with the member banks are in a better position to judge of this ques- tion than is the Board . As a matter of ...
... issued any rule covering this point . The attitude of the Board has been that the Federal Reserve Banks in their dealings with the member banks are in a better position to judge of this ques- tion than is the Board . As a matter of ...
Page 46
... issued a ruling permitting the Re- serve Banks to purchase in the open market bankers ' acceptances drawn by co - operative marketing asso- ciations with or without the endorsement of member banks . These acceptances could have ...
... issued a ruling permitting the Re- serve Banks to purchase in the open market bankers ' acceptances drawn by co - operative marketing asso- ciations with or without the endorsement of member banks . These acceptances could have ...
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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...