Questions and Answers on the Federal Reserve SystemFederal Reserve Bank of Richmond, 1926 - 178 pages |
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Questions And Answers On The Federal Reserve System Federal Reserve Bank of Richmond No preview available - 2023 |
Questions and Answers on the Federal Reserve System Federal Reserve Bank of Richmond No preview available - 2018 |
Common terms and phrases
accepting bank applying bank appointed bank members Bank of Richmond bank or branch bank or trust banks and branches banks located ber bank bills of exchange bonds borrowing branch cities capital and surplus capital stock cash cent central reserve cities certificates charge checks drawn collateral commercial currency customers dealer demand deposits directors discount rates dividend earnings eligible for rediscount eligible paper eral reserve bank Federal Reserve Act Federal Reserve Agent Federal reserve bank Federal Reserve Board Federal Reserve District Federal reserve notes Federal Reserve System Fifth Federal Reserve funds Immediate Credit Symbol lawful money letter Liberty bonds loans maturity member bank membership ments National Bank Act non-member banks offered for rediscount officers old National Bank open market open-market operations paper offered payment purchase receipt regulations required reserve reserve account reserve bank notes reserve deposits securities serve bank shipment tion trade acceptance transactions trust company United
Popular passages
Page 11 - B shall consist of three members, who at the time of their election shall be actively engaged in their district in commerce, agriculture or some other industrial pursuit.
Page 79 - Board, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers...
Page 40 - States, and bills, notes, revenue bonds, and warrants with a maturity from date of purchase of not exceeding six months, issued in anticipation of the collection of taxes or in anticipation of the receipt of assured revenues by any State, county, district, political subdivision, or municipality in the continental United States, including irrigation, drainage and reclamation districts...
Page 9 - The meetings of said advisory council shall be held at Washington, District of Columbia, at least four times each year, and oftener if called by the Federal Reserve Board.
Page 39 - Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Page 127 - That no Federal reserve bank shall be permitted to discount for any State bank or trust company notes, drafts, or bills of exchange of any one borrower who is liable for borrowed money to such State bank or trust company in an amount greater than that which could be borrowed lawfully from such State bank or trust company were it a national banking association.
Page 53 - Board, provided such promissory notes are secured by such notes, drafts, bills of exchange, or bankers' acceptances as are eligible for rediscount or for purchase by Federal Reserve Banks under the provisions of this Act, or by the deposit or pledge of bonds or notes of the United States.
Page 6 - In selecting the members of the Board, not more than one of whom shall be selected from any one Federal Reserve district, the President shall have due regard to a fair representation of the financial, agricultural industrial, and commercial interests, and geographical divisions of the country.
Page 1 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 88 - Demand deposits within the meaning of this act shall comprise all deposits payable within thirty days, and time deposits shall comprise all deposits payable after thirty days, all savings accounts and certificates of deposit which are subject to not less than thirty days' notice before payment, and all postal savings deposits.