The Federal Intermediate Credit SystemMacmillan, 1926 - 375 pages |
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Common terms and phrases
67th Congress agencies agri agricul agricultural credit corporations Agricultural Credits Act agricultural paper agricultural products amount asso banker banking system bills of exchange bonds borrower capital stock cattle loan companies cattle paper 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 debentures demand deposits directors discount district drafts established Farm Loan Act 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 Inter interest rates Intermediate Credit Banks Intermediate Credit system issued large number liquidation maturity mediate Credit Banks member banks ment money markets mortgage National Agricultural Credit national banks notes obligations operations orderly marketing organization period poration purchase purpose rediscount rural credit sell six months tion War Finance Corporation
Popular passages
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 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 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 340 - ... association on such terms and conditions as may be lawfully agreed upon by a majority of the board of directors of each association or bank proposing to consolidate...
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 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...
Page 346 - ... not exceeding one year, or both, and may be fined a further sum equal to the money so loaned or gratuity given, and shall forever thereafter be disqualified from holding office as an examiner under the provisions of this Act. No examiner, while holding such office, shall perform any other service for compensation for any bank or banking or loan association, or for any person connected therewith in any capacity.