 Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts, dividend requirements as hereinbefore provided, and the par value of the stock, shall be paid to and become the property of the United States...  Money and Banking - Page 450by John Thom Holdsworth - 1917 - 511 pagesFull view - About this book
 | United States. Internal Revenue Service - 1924 - 396 pages
...from Federal reserve bank — Section 7 of the Federal Reserve Act of December 23, 1913, provides that Federal reserve banks, including the capital stock...the income derived therefrom, shall be exempt from taxation, except taxes upon real estate. This exemption attaches to and follows the income derived... | |
 | United States. Congress. Senate. Committee on the Judiciary - 1924 - 66 pages
...of its assets shall be deemed and held to be instrumentalities of the United States and as such they and the income derived therefrom shall be exempt from Federal, State, and local taxation. The directors, officers, attorneys, experts, assistants, clerks, agents, and other employees of the... | |
 | 1924 - 180 pages
...every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes upon real estate held, purchased, or taken by said bank... | |
 | United States - 1924 - 36 pages
...every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes upon real estate held, purchased, or taken by said bank... | |
 | William Stull Holt - 1924 - 178 pages
...every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes upon real estate held, purchased, or taken by said bank... | |
 | 1924 - 200 pages
...every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes upon real estate held, purchased, or taken by said bank... | |
 | 1918 - 1048 pages
...hypothecate its shares, each of which is of the face value of $100. Subsection 3 of section 7 provides that: "Federal Reserve Banks, including the capital stock...and local taxation, except taxes upon real estate." In Tennessee v. Whitworth, 117 US 129, 136, 6 Sup. Ct. 645, 647 (29 L. Ed. 830), Mr. Chief Justice... | |
 | 1919 - 1018 pages
...whether such exclusion is required by section 7 of the Federal Reserve Act, which in terms exempts Federal Reserve Banks, including the capital stock...surplus therein, and the income derived therefrom, from federal, state, and local taxation, except taxes upon real estate, and section 26 of that act,... | |
 | Henry Parker Willis, William Howard Steiner - 1926 - 1202 pages
...every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, state, municipal, and local taxation, except taxes upon real estate held, purchased, or taken by said bank... | |
 | United States. Department of Justice - 1926 - 686 pages
...every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes upon real estate held, purchased, or taken by said bank... | |
| |
