National Banking Under the Federal Reserve SystemNational city bank of New York, 1921 - 152 pages |
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Page 12
... Act was passed , there were in the United States 1466 state banks , capitalized at $ 405,000,000 . Bank circulation the same year was $ 239,000 , - 000 , or 59 cents bank circulation for every $ 1 of bank capital- ization , which was ...
... Act was passed , there were in the United States 1466 state banks , capitalized at $ 405,000,000 . Bank circulation the same year was $ 239,000 , - 000 , or 59 cents bank circulation for every $ 1 of bank capital- ization , which was ...
Page 13
... Act went into effect , had naturally obtained the bulk of the circulation that was available . This left the banks which were organizing in the newer sections of the country— where both capital and currency were urgently needed — at a ...
... Act went into effect , had naturally obtained the bulk of the circulation that was available . This left the banks which were organizing in the newer sections of the country— where both capital and currency were urgently needed — at a ...
Page 14
... act in 1882 , no effort has been made from any respon- sible source either to legislate the national banks out of exist- ence , or to restrict the scope of their banking practices . In fact , the more recent tendency of Federal ...
... act in 1882 , no effort has been made from any respon- sible source either to legislate the national banks out of exist- ence , or to restrict the scope of their banking practices . In fact , the more recent tendency of Federal ...
Page 16
... Act to provide for the organization of banks with a minimum of $ 25,000 capital . The same act also pro- vided for ... Federal Reserve SYSTEM.
... Act to provide for the organization of banks with a minimum of $ 25,000 capital . The same act also pro- vided for ... Federal Reserve SYSTEM.
Page 17
... Federal Reserve Act which had such a far- reaching influence on the entire system and which altered it in so many essential features . For many years it had been obvious to close students of finance that the nation's banking system ...
... Federal Reserve Act which had such a far- reaching influence on the entire system and which altered it in so many essential features . For many years it had been obvious to close students of finance that the nation's banking system ...
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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