Member Bank Reserve Requirements: Hearings Before Subcommittee No.2 of ... , 86-1 on H.R. 5237, April 7, 8, and 9, 19591959 - 325 pages |
Common terms and phrases
aggregate amount amendment approved assets authority balances due BALDERSTON bank or trust bank reserves bankers banking association banks and trust banks in central banks in Reserve banks located Board of Governors cash on hand central Reserve city centum certificates Chicago classes of banks classification commercial banks commissioner corporation country banks credit expansion currency demand deposits depositors discounts dividends effect Federal Reserve Act Federal Reserve bank Federal Reserve Board Federal Reserve System gold held hold and maintain individual banks interbank investment lawful money legal reserve less liabilities liquidity loans lower reserves maintain reserves member banks ments monetary policy National Bank Act outlying districts percentage permit prescribed proposed ratio regulation required reserves reserve agent Reserve and Reserve reserve balances Reserve city banks reserve fund reserve or central reserve requirements savings bank savings deposits securities thereof thirty days tion total reserves trust company turnover United VANIK vault cash holdings York
Popular passages
Page 174 - ... 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 210 - 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.
Page 174 - Washington, 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 80 - 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 91 - NEW ENGLAND: MAINE NEW HAMPSHIRE ' VERMONT MASSACHUSETTS RHODE ISLAND CONNECTICUT MIDDLE ATLANTIC: NEW YORK NEW JERSEY PENNSYLVANIA EAST NORTH CENTRAL: OHIO INDIANA ILLINOIS MICHIGAN WISCONSIN WEST NORTH CENTRAL: MINNESOTA IOWA MISSOURI NORTH DAKOTA SOUTH DAKOTA NEBRASKA KANSAS SOUTH ATLANTIC: DELAWARE MARYLAND...
Page 94 - ... to the depositor himself (but not to any other person whether or not acting for the depositor...
Page 148 - Banks may forthwith take possession of the property and business of such bank and retain such possession until such bank shall resume business, or its affairs be finally liquidated as herein provided.
Page 139 - ... deposits, such association shall not increase its liabilities by making any new loans or discounts otherwise than by discounting or purchasing bills of exchange payable at sight, nor make any dividend of its profits...
Page 95 - In a reserve city, except that If located in an outlying district of a reserve city or in territory added to such city by the extension of the city's corporate limits...
Page 97 - Board made pursuant thereto, it shall be within the power of the board after hearing to require such bank to surrender its stock in the Federal reserve bank and to forfeit all rights and privileges of membership.