The Operation of the New Bank Act

accept aggregate amount assets assumption balance bank's bankers banking system board of directors borrow capital and surplus capital stock cash holdings cash reserve central bank central reserve city centum checks and drafts circulation city and central clearing house collateral commercial paper Comptroller considerable country banks Currency demand deposits depositors discount district entire extent fact Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve notes finance foreign held important interest investment keep lawful money liability limited loans member banks ment minimum months mortgages National Bank Act national bank notes necessary note issues one-half organization committee panic payments possible practice present reserve agents problem profits provisions purchase purpose redemption fund rediscount reserve city banks reserve city institutions reserve requirements Secretary tion Treasury trust companies United States bonds vaults withdrawals York banks York City