Money and Banking |
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Page 13
... bank notes . This hand - to- hand money , however , constitutes only a small part of the medium of exchange of a highly developed commercial country . Of much larger importance , though having but limited circulation , are such media as ...
... bank notes . This hand - to- hand money , however , constitutes only a small part of the medium of exchange of a highly developed commercial country . Of much larger importance , though having but limited circulation , are such media as ...
Page 21
John Thom Holdsworth. culation at any fixed ratio . That country had through " the eighteenth century a nominal double standard , though the circulating medium was composed largely of gold . In 1816 she formally adopted the single gold ...
John Thom Holdsworth. culation at any fixed ratio . That country had through " the eighteenth century a nominal double standard , though the circulating medium was composed largely of gold . In 1816 she formally adopted the single gold ...
Page 22
... countries to regulate the quantity of subsidiary silver . In Germany it is ... countries , includ- ing Mexico , China , the Philippines and India , which are ... Banking , Vol . I , p . 279 . 991 the coinage system of countries which have ...
... countries to regulate the quantity of subsidiary silver . In Germany it is ... countries , includ- ing Mexico , China , the Philippines and India , which are ... Banking , Vol . I , p . 279 . 991 the coinage system of countries which have ...
Page 23
... countries having the gold exchange standard keep gold funds in the leading financial centers and sell foreign ex- change calling for gold in these centers at fixed rates in exchange for the silver money of the country . The adop- tion ...
... countries having the gold exchange standard keep gold funds in the leading financial centers and sell foreign ex- change calling for gold in these centers at fixed rates in exchange for the silver money of the country . The adop- tion ...
Page 26
... country , Congress had authorized the use of the Spanish dollar and several other kinds of foreign coins which were in circulation throughout the country . The Spanish dollar in perfect condition contained a little more silver than the ...
... country , Congress had authorized the use of the Spanish dollar and several other kinds of foreign coins which were in circulation throughout the country . The Spanish dollar in perfect condition contained a little more silver than the ...
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Common terms and phrases
accept accounts amount assets balance bank act Bank of England bank reserves bank's bankers banking system bill of lading bills of exchange borrower broker bullion call loans capital stock cash cashier cent central reserve certificates charge charter checks circulating notes city banks clearing house clerk coinage collateral collection commercial bank commercial paper Comptroller country banks currency customers debts demand depositors deposits directors discount district draft drawn established exports Federal Reserve Act Federal reserve bank Federal Reserve Board Federal reserve notes foreign exchange funds guaranty increase index numbers indorsed investment keep ledger legal tender liabilities London member banks ment Money and Banking note issues officers organization paid pass book payable payment practice profit purchase receipts received redeem redemption rediscount Reichsbank reserve cities savings banks Secretary seigniorage sell standard stockholders supply surplus tion transactions Treasury trust companies United
Popular passages
Page 431 - The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares...
Page 420 - ... notes, drafts, and bills of exchange of factors issued as such making advances exclusively to producers of staple agricultural products in their raw state shall be eligible for such discount; 'but such definition shall not include notes, drafts, or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities, except bonds and notes of the Government of the United States.
Page 409 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking...
Page 433 - That if any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 421 - Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve 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 420 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page 418 - To grant by special permit to national banks applying therefor, when not in contravention of state or local law...
Page 359 - Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products or other goods, wares or merchandise from being eligible for such discount ; but such definition shall not include notes, drafts or bills covering merely investments or issued or drawn for the purpose of carrying or trading in stocks, bonds, or other investment securities' except bonds and notes of the Government of the United States.
Page 424 - In order to furnish suitable notes for circulation as Federal Reserve notes, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury...
Page 422 - Any Federal reserve bank may make application to the local Federal reserve agent for such amount of the Federal reserve notes hereinbefore provided for as it may require. Such application shall be accompanied with a tender to the local Federal reserve agent of collateral in amount equal to the sum of the Federal reserve notes thus applied for and issued pursuant to such application. The collateral security thus offered shall be notes, drafts, bills of exchange, or acceptances...