National Banking Under the Federal Reserve SystemNational city bank of New York, 1921 - 152 pages |
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Page 28
... circulating notes according to the provisions of this Title . But no association shall transact any business except such as is incidental and necessarily preliminary to its organization , until it has been authorized by the Comptroller ...
... circulating notes according to the provisions of this Title . But no association shall transact any business except such as is incidental and necessarily preliminary to its organization , until it has been authorized by the Comptroller ...
Page 41
... circulation has been reduced by $ 56,256,500 . Bonds to this amount have been acquired by the Federal Reserve Banks , and converted into 3 % bonds and 3 % one year notes , without the circulation privilege . Every national bank is ...
... circulation has been reduced by $ 56,256,500 . Bonds to this amount have been acquired by the Federal Reserve Banks , and converted into 3 % bonds and 3 % one year notes , without the circulation privilege . Every national bank is ...
Page 42
... notes , but at present ( end of 1920 ) more than three months is required . No order for circulation is acted upon ... circulating notes of less denomination than $ 5 , but the only limitation upon the denomination of bank notes as ...
... notes , but at present ( end of 1920 ) more than three months is required . No order for circulation is acted upon ... circulating notes of less denomination than $ 5 , but the only limitation upon the denomination of bank notes as ...
Page 44
... circulation in excess of 6 % on the investment . Extra profit in terms of per cent ..... 1.19 % It is provided by the Federal Reserve Act that any bank desir- ing to retire all , or a part , of its circulating notes may file with the ...
... circulation in excess of 6 % on the investment . Extra profit in terms of per cent ..... 1.19 % It is provided by the Federal Reserve Act that any bank desir- ing to retire all , or a part , of its circulating notes may file with the ...
Page 54
... Circulating notes issued by a bank which extends its existence must be of a design different from that borne by the notes . previously circulated . This necessitates new plates , which are prepared at the expense of the bank . ( The ...
... Circulating notes issued by a bank which extends its existence must be of a design different from that borne by the notes . previously circulated . This necessitates new plates , which are prepared at the expense of the bank . ( The ...
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Common terms and phrases
acceptance aggregate amended amount application appointed articles of association assets authorized bank is located bank notes bank or trust bank's capital bills of exchange board of directors bonds capital and surplus capital stock centum circulating notes Comptroller consolidation corporation organized Currency days of grace deposits discount dividend Edge Corporation election employee exclusive of days Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve notes Federal Reserve System foreign funds gold certificates held lawful money liabilities liquidation loans member bank National Bank Act national banking association national banking system National City Bank nonmember clearing banks notes issued number of shares officer organization certificate organization committee paid payable payment period person prescribed purchase purpose real estate receive reserve city Secretary secured shareholders stock and surplus stockholders subscribe subscription thereof tion transaction Treasury trust company unimpaired capital United vote War Finance Corporation