Member Bank Reserve Requirements: Hearings Before Subcommittee No. 2 of the Committee on Banking and Currency, House of Representatives, Eighty-sixth Congress, First Session, H.R. 5237

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U.S. Government Printing Office, 1959 - 325 pages

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Page 180 - ... whenever the lawful money of any other association shall be below fifteen per centum of its circulation and deposits, such association shall not increase its liabilities by making any new loans or discounts...
Page 180 - Redemption account, but the provisions of this act shall not apply to the deposits received under section three of the act of June twentieth, eighteen hundred and seventy-four, requiring every National bank to keep in lawful money with the Treasurer of the United States a sum equal to five per centum of its circulation, to be held and used for the redemption of its circulating notes ; and the balance remaining of the...
Page 216 - Individual banks must rely upon secondary reserves in the form of short-term investments to provide liquidity for their operations. The maintenance of ample secondary reserves to provide adequate liquidity is one of the important functions of bank management. Management policy in this area is presently reinforced by various regulations of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and State regulatory authorities. Clearly, the basic function...
Page 180 - ... to make good such reserve ; and if such association shall fail for thirty days thereafter so to make good its reserve of lawful money of the United States...
Page 180 - That every association in the cities hereinafter named shall at all times have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its notes in circulation and its deposits...
Page 114 - To add to the number of cities classified as reserve and central reserve cities under existing law in which national banking associations are subject to the reserve requirements set forth in section 20 of this act; or to reclassify existing reserve and central reserve cities or to terminate their designation as such.
Page 113 - If not in a reserve or central reserve city, as now or hereafter defined, it shall hold and maintain with the Federal reserve bank of its district an actual net balance equal to not less than seven per centum of the aggregate amount of its demand deposits and three per centum of its time deposits.
Page 182 - National banks, or banks organized under local laws, located in Alaska or in a dependency or insular possession or any part of the United States outside the continental United States may remain nonmember banks, and shall in that event maintain reserves and comply with all the conditions now provided by law regulating them; or said banks...
Page 105 - (b) If in a reserve city, as now or hereafter defined, it shall hold and maintain with the Federal reserve bank of its district an actual net balance equal to not less than ten per centum of the aggregate amount of its demand deposits and three per centum of its time deposits...
Page 132 - ... under the laws of the United States or under the laws of any State, Territory, or...

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