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Banking Principles and Practice, Volume 2

Antecedents Of The Federal
Antecedents Of The Federal Reserve System Classification Of The Financial Institutions The Banking System Of The United States Is Dual In The Sense That Some Institutions Are Authorized By Federal Statute And Charters And Other Institutions By State Statute And Charters, And The Two Classes Have Developed In Competition With ...

Bank Organization And Conversion
Bank Organization And Conversion Introductory The Purpose Of This And The Following Chapter Is To Set Forth In A General Way The Necessary Procedure To Be Followed When A New Bank Is Organized, A State Bank Converted To A National Bank, Two Banks Consolidated, A National Bank Liquidated, Or When ...

Banks
Banks Paper Eligible For Rediscount The Discount Operations Of The Federal Reserve Banks Are Of Three Classes: I. For Member Banks. 2. Open-market Purchases And Sales. 3. For Other Federal Reserve Banks. Paper That Is Eligible For Rediscount Is Defined By Section 13 Of The Federal Reserve Act And ...

Branches Of State Banks
Branches Of State Banks In Representative States, 192o Alabama 21 New Jersey 19 Arizona 2i New York 148 California 118 North Carolina 23 Delaware 10 Ohio 61 Georgia 32 Pennsylvania 12 Indiana 4 Rhode Island 13 Louisiana 5o South Carolina 14 Maine 25 Tennessee I6 Maryland. 36 Virginia 20 Massachusetts ...

Domestic And Foreign Branch
Domestic And Foreign Branch Banking Branch Banking Within The United States Branch Banking In The United States Has Always Aroused Much Opposition, Especially Among The Smaller Banks, On The Theory That It Results In Monopoly And Is Contrary To Our Democratic Ideals, "the Big Banks Eating Up The Little Ones." ...

Federal Reserve Banks
Federal Reserve Banks Capitalization Of Federal Reserve Banks The Federal Reserve Act Prescribes A Minimum Capitaliza Tion Of $4,000,000, Divided Into $1oo Shares For Each Of The Twelve Federal Reserve Banks. The Outstanding Capital Stock Increases Or Decreases From Time To Time With The Increase Or Decrease In The Capital ...

Federal Reserve Districts And
Federal Reserve Districts And Membership The Federal Reserve Districts The Federal Reserve Act Provides For The Division Of The Country Into Not Less Than Eight Nor More Than Twelve Federal Reserve Districts, Each With Its Own Reserve Bank, "individually Controlled And Holding The Fluid Funds Of The Region In Which ...

Federal Reserve Notes
Federal Reserve Notes Issue Of Federal Reserve Notes One Of The Chief Objects Of The Federal Reserve Act Was To Replace The Unsatisfactory National Bank Notes With A Bank Note Currency That Should Be Controllable And Elastic. The Provisions Of The Act For Retiring The National Bank Notes, Creating A ...

Institutions Other Than National
Institutions Other Than National And Federal Reserve Banks Composition Of The Banking System Of The United States In Chapter Xii Were Listed, Under Several Classifications, The Financial Institutions That Compose The Banking System Of The United States. The Intervening Chapters Have Described The National And Federal Reserve Banks. In This ...

Legislation Governing National Bank
Legislation Governing National Bank Note Issue Bond Deposit Requirement From 1864 To 1900 The National Banking Act Of 1864 Required, As A Preliminary To The Issue Of National Bank Notes, A Deposit Of United States Registered Bonds To An Amount Not Less Than One-third Of The Paid In Capital Stock ...

Liquidation
Liquidation Increasing Capitalization Of A National A National Bank May, With The Consent Of The Comptroller Of The Currency And By Vote Of The Stockholders Owning Two-thirds Of The Shares, Increase Its Capital Stock To Any Sum Approved By The Comptroller. Any Bank Contemplating Such Increase Should Advise With The ...

National Bank Notes
National Bank Notes Preparation Of National Bank Notes After The Bonds Have Been Deposited, The Bank Is Entitled To Receive From The Comptroller Of The Currency Circulating Notes In Blank, Registered, And Countersigned, Equal To The Par Value Of The Bonds. The Comptroller Has The Plates Engraved And The Notes ...

Reserves Against Deposits Under
Reserves Against Deposits Under National Banking Act Legal Requirements The Act Of 1864 Required That National Banks Located In The Seventeen Principal Cities Named Carry Reserves Consisting Of Lawful Money, Equal To 25 Per Cent Of The Aggregate Amount Of Their Circulation And Deposits, And That All Other National Banks ...

The Federal Reserve Board
The Federal Reserve Board Membership Of The Board Our Previous Experience With A Central National Bank, In 1791 18u And Again In 1816-1836, Had Shown That Such An Institution, Despite Its Financial Success, Was Likely To Fall A Victim Of Politics, As Jealousy Of The Money Power Is Too Prevalent ...