Die Kaufkraft des Geldes

National banking under the Federal Reserve System

Bibliographic data

Monograph

Identifikator:: 1028803699

URN:: urn:nbn:de:zbw-retromon-43559

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541; Brown, Harry Gunnison http://d-nb.info/gnd/123548152

Title:: Die Kaufkraft des Geldes

Place of publication:: Berlin

Publisher:: Druck und Verlag von Georg Reimer

Year of publication:: 1916

Scope:: 1 Online-Ressource (XX, 435 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: IX. Kapitel. Die Zerstreuung der Preise macht eine Indexnummer für die Kautkraft erforderlich

Collection:: Economics Books

BRANCHES 1. Domestic Branches—Before the enactment of the McFadden Bill the National Bank Act did not give national banks the privilege of establishing domestic branches; it did, however, contain a provision whereby a State bank converting into a national bank was permitted to retain in operation existing branches to which capital had been definitely assigned by the parent bank. Such a bank, upon reorganiza- tion, might continue as a national bank operating domestic branches, or it might merge with another national bank (under the Act of November 7, 1918) and be the means by which the latter national bank acquired domestic branches. National banks were, however, permitted to establish one or more additional offices in the home city of the bank upon authority from the Comptroller of the Currency under regulations formulated by him in accordance with opinions interpretive of the National Bank Act rendered by the Attorney General on May 11, 1911, and October 3, 1923. A bank desiring to establish one or more outside offices was required to make application to the Comptroller giving full information regarding the proposed additional offices and the circumstances making their establishment necessary. The operations of such offices were limited to the receipt of deposits, the payment of checks and the performance of routine and administrative functions; they were established only in localities where State banks were permitted to engage in branch banking and then only in event it were shown that the effective conduct of the bank’s business required the additional office or offices. The establishment and operation of domestic branch banks by national banks are at present governed entirely by conditions set forth in the Act of February 25, 1927. With regard to branch banking activities of national banks, this act provides, in general, for the retention of any branches which were in lawful operation on the above date, and authorizes the establishment and operation of new branches, subject to the approval of the Comptroller, within the limits of the city in which the parent bank is located provided the laws of the State in which the bank is located extend this privilege to State banks. The authority to establish new branches is limited by several conditions. Branches may not be established without the consent and [391

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