Bank Credit and Agriculture, Under the National and Federal Reserve Banking SystemsMcGraw-Hill book Company, Incorporated, 1922 - 340 pages |
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Common terms and phrases
90 days acre agri agricultural and live agricultural credit agricultural paper amount annual April association autumn average banker bonds borrow buying capital cent Chicago Chicago and St circulation class of paper commercial paper coöperative cotton country banks crop moving currency December decline demand deposits dollars East Eastern farm products farmers Federal Reserve Act Federal Reserve Banks Federal Reserve Board Federal Reserve notes Federal Reserve System fertilizers financing geographical divisions Gold Settlement Fund grain growers harvesting increase interest rates investments January July June land live stock paper March maturing after 90 member banks ment Middle West Middle Western mortgage movements of cash national banking system National Monetary Commission note issue November October organized paper rediscounted payments peak purchase Report requirements seasonal sections shipments of cash short-term credit South Southern spring supplies tion tobacco War Finance Corporation week wheat York Stock Exchange
Popular passages
Page 296 - States to be appointed by the President, by and with the advice and consent of the Senate.
Page 126 - 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, the Federal Reserve Board to have the right to determine or define the character of the paper thus eligible for discount, within the meaning of this Act.
Page 285 - An Act to provide capital for agricultural development, to create standard forms of investment based upon farm mortgage, to equalize rates of interest upon farm loans, to furnish a market for United States bonds, to create Government depositaries and financial agents for the United States, and for other purposes.
Page 126 - That notes, drafts, and bills drawn or issued for agricultural purposes or based on live stock and having a maturity not exceeding six months may be discounted in an amount to be limited to a percentage of the capital of the Federal reserve bank, to be ascertained and fixed by the Federal Reserve Board.
Page 49 - And that one hundred and fifty millions of dollars of the entire amount of circulating notes authorized to be issued shall be apportioned to associations in the states, in the District of Columbia, and in the territories, according to representative population, and the remainder shall be apportioned by the Secretary of the Treasury among associations formed in the several states, in the District of Columbia, and in the territories, having due regard to the existing banking capital, resources, and...
Page 297 - Corporation shall be exempt, both as to principal and interest, from all taxation now or hereafter imposed by the United States, any State, or any of the possessions of the United States...
Page 297 - ... bear such rate or rates of interest as may be determined by the corporation...
Page 291 - Joint stock land banks shall in no case demand or receive, under any form or pretense, any commission or charge not specifically authorized in this Act.
Page 50 - Every national banking association, State bank, or State banking association, shall pay a tax of ten per centum on the amount of notes of any person, State bank, or State banking association used for circulation, and paid out by them...
Page 296 - Brown, * * * (and others) * * * and all such other persons who shall or may be associated with them, and their successors, are hereby created and erected into a body corporate and politic, in deed and in law, by the name, style, and title of the " Atlantic and Pacific Railroad Company...