Principles of Banking: A Series of Selected MaterialsUniversity of Chicago Press, 1916 - 500 pages |
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Other editions - View all
Principles of Banking: A Series of Selected Materials Harold Glenn Moulton No preview available - 2015 |
Common terms and phrases
Adapted amount assignats bank notes banker bills of credit bimetallism bonds borrower bullion dollar called capital cash cent certificates checks circulation clearing-house coinage of silver collateral commercial paper commodities Congress contract creditor debtor debts demand deposits depreciation discount economic export funds gold and silver gold coin gold standard grains greenbacks Gresham's law holder important increase index number indorser industry instrument interest investment issue labor legal tender legal-tender less liabilities loans medium of exchange ment merchant millions monetary National Bank National Monetary Commission negotiable instrument obligations operations paper currency paper money party payable period precious metals present production profits purchase quantity ratio receipts receive redeemed redemption reserve result seignorage sell Senate silver certificates silver coins silver dollar tion token coins trade transactions treasury notes trust companies United States notes York
Popular passages
Page 205 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Page 278 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes or "greenbacks" are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 205 - Loans (Sec. 5200). —The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed onetenth part of the amount of the capital stock of such association actually paid in.
Page 258 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 306 - Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than six months...
Page 457 - 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...
Page 205 - 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 290 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions...
Page 205 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 415 - ... shall be exempt from all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal, or local authority...