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

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Monograph

Identifikator:: 1796380105

URN:: urn:nbn:de:zbw-retromon-196168

Document type:: Monograph

Title:: National origins provision of immigration law

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1929

Scope:: III, 171 S

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Statement of Dr. Herbert Friedenwald, Washington, D.C.

Collection:: Economics Books

- FEDERAL RESERVE ACT Sgcs. 26, 2 be punished by a fine of not more than $10,000 and by imprisonment for not more than five years. Sec, 26. All provisions of law inconsistent with or super- seded by any of the provisions of this Act are to that extent and to that extent only hereby repealed: Provided, Nothing in this Act contained shall be construed to repeal the parity provision or provisions contained in an Act approved March fourteenth, nineteen hundred, entitled “An Act to define and fix the standard of value, to main- tain the parity of all forms of money issued or coined by the United States, to refund the public debt, and for other purposes,” and the Secretary of the Treasury may, for the purpose of maintaining such parity and to strengthen the gold reserve, borrow gold on the security of United States bonds authorized by section two of the Act last referred to or for one-year gold notes bearing interest at 2 rate of not to exceed three per centum per annum, or sell the same if necessary to obtain gold. When the funds of the Treausry on hand justify, he may purchase and retire such outstanding bonds and notes. Gi gmended bY Sec. 27. The provisions of the Act of May thirtieth. See oa neo nineteen hundred and eight, authorizing national currency 228). associations, the issue of additional national-bank circu- lation, and creating a National Monetary Commission, which expires by limitation under the terms of such Act on the thirtieth day of June, nineteen hundred and four- teen, are hereby extended to June thirtieth, nineteen hundred and fifteen, and sections fifty-one hundred and fifty-three, fifty-one hundred and seventy-two,’ fifty- one hundred and ninety-one, and fifty-two hundred and fourteen of the Revised Statutes of the United States. which were amended by the Act of May thirtieth, nineteen hundred and eight, are hereby reenacted to read as such sections read prior to May thirtieth, nineteen hundred and eight, subject to such amendments or modifications as are prescribed in this Act: Provided, however, That section aine of the Act first referred to in this section is hereby amended so as to change the tax rates fixed in said Act by making the portion applicable thereto read as follows: National banking associations having circulating notes secured otherwise than by bonds of the United States shall pay for the first three months a tax at the rate ol three per centum per annum upon the average amount te Amended as to sec. 5172, Revised Statutes, by act approved Mar. 3, 1919. See AD pendix, p. 82.

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