Rural Credits: Hearings Before the Committee on Banking and Currency of the House of Representatives, Sixty-seventh Congress, Fourth Session, on the Bills S. 4280 (H.R. 13033).
U.S. Government Printing Office, 1923
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able acceptances advances agency agricultural amendment amount ANDERSON associations authorized bankers believe bill Board bonds borrow capital Capper carry cattle cent CHAIRMAN committee Comptroller confidence cooperative marketing cotton course crop Currency deposits directors discount districts effect eligible extend fact Farm Loan farmer Federal reserve bank Federal Reserve Board Federal reserve system Finance Corporation follows funds give Government increase industry institutions interest issued land banks limit live live-stock loan companies matter maturity mean meet MEYER months national banks necessary needs notes obligations operations organized paid passed period person practically present profit purchase question reason received rediscount reference representing require sell Senator situation statement STEVENSON STRONG suggestion surplus thing tion understand United WINGO
Σελίδα 351 - 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.
Σελίδα 332 - The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury.
Σελίδα 93 - And the knowingly taking, receiving, reserving, or charging a rate of interest greater than aforesaid shall be held and adjudged a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Σελίδα 61 - ... sight, exclusive of days of grace, and which are indorsed by at least one member bank: Provided, That such acceptances if drawn for an agricultural purpose and secured at the time of acceptance by warehouse receipts or other such documents conveying or securing title covering readily marketable staples may be discounted with a maturity at the time of discount of not more than six months' sight exclusive of days of grace.
Σελίδα 92 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Σελίδα 337 - That every association may take, receive, reserve, and charge on any loan or discount made, or upon any note, bill of exchange, or other evidences of debt, interest at the rate allowed by the laws of the State or territory where the bank is located, and no more...
Σελίδα 344 - That if any person shall falsely make, forge, or counterfeit, or cause or procure...
Σελίδα 99 - ... purporting to have been issued by the corporation, knowing the same to be false, forged or counterfeited, or (3) falsely alters any...
Σελίδα 100 - After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank.
Σελίδα 132 - 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...