The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

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Monograph

Identifikator:: 1033562599

URN:: urn:nbn:de:zbw-retromon-54741

Document type:: Monograph

Author:: Kampffmeyer, Paul http://d-nb.info/gnd/116038365

Title:: Die Prostitution als soziale Klassenerscheinung und ihre sozialpolitische Bekämpfung

Place of publication:: Berlin

Publisher:: Buchhandlung Vorwärts

Year of publication:: 1905

Scope:: 1 Online-Ressource (122 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: 8. Kapitel. Fürsorge-Einrichtungen für Minderjährige als Schutzwehren gegen die Prostitution derselben

Collection:: Economics Books

FEDERAL RESERVE ACT Sec. 2 and in that event the said organization committee may, under conditions and regulations to be prescribed by it, offer to public subscription at par such an amount of stock in ssid Federal reserve banks, or any one or more of them, as said committee shall determine; subject to the same conditions as to payment and stock liability as provided for member banks. No individual, copartnership, or corporation other than a member bank of its district shall be permitted to subscribe for or to hold at any time more than $25,000 par value of stock in any Federal reserve bank. Such stock shall be known as public stock and may be trans- ferred on the books of the Federal reserve bank by the chairman of the board of directors of such bank. Should the total subscriptions by banks and the public bo the stock of said Federal reserve banks, or any one or more of them, be, in the judgment of the organization rommittee, insufficient to provide the amount of capital required therefor, then and in that event the said organi- zation committee shall allot to the United States such an amount of said stock as said committee shall determine. Said United States stock shall be paid for at par out of any money in the Treasury not otherwise appropriated, and shall be held by the Secretary of the Treasury and disposed of for the benefit of the United States in such manner, at such times, and at such price, not less than par, as the Secretary of the Treasury shall determine. Stock not held by member banks shall not be entitled to voting power. The Federal Reserve Board is hereby empowered to adopt and promulgate rules and regulations governing she transfers of said stock. No Federal reserve bank shall commence business with a subscribed capital less than $4,000,000. The organiza~ tion of reserve districts and Federal reserve cities shall not be construed as changing the present status of reserve cities and central reserve cities, except in so far as this Act changes the amount of reserves that may be carried with approved reserve agents located therein. The or- ganization committee shall have power to appoint such assistants and incur such expenses in carrying out the provisions of this Act as it shall deem necessary, and such expenses shall be payable by the Treasurer of the United States upon voucher approved by the Secretary of the Treasury, and the sum of $100,000, or so much thereof as

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