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

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Monograph

Identifikator:: 1856431436

URN:: urn:nbn:de:zbw-retromon-262738

Document type:: Monograph

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

Place of publication:: Washington

Publisher:: United States Government Printing Office

Year of publication:: 1931

Scope:: ii, 170 Seiten

Digitisation:: 2022

Collection:: Economics Books

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rust 1an- un- nts “ion tes, nd- red her aot 1{es a4, his 300- ate, sale rar- 1ch and Hon Ary ‘ro- red by »of, by aks sits ted 3 by les, vit 1ch the the the six the nt, fa APPENDIX Section 8 of the Third Liberty Bond Act, approved April 4, 19184 Sec. 8. That the Secretary of the Treasury, in his dis- retion, is hereby authorized to deposit, in such incor- porated banks and trust companies as he may designate, ‘he proceeds, or any part thereof, arising from the sale of the bonds and certificates of indebtedness and war-savings certificates authorized by this Act, and arising from the Payment of income and excess profits taxes, and such deposits shall bear such rate or rates of interest, and shall %¢ secured in such manner, and shall be made upon and subject to such terms and conditions as the Secretary of the Treasury may from time to time prescribe: Provided, That, the provisions of section fifty-one hundred and Oinety-one of the Revised Statutes, as amended by the Federal Reserve Act, and the amendments thereof, with teference to the reserves required to be kept by national banking associations and other member banks of the Federal Reserve System, shall not apply to deposits of public moneys by the United States in designated de- positaries. The Secretary of the Treasury is hereby authorized to designate depositaries in foreign countries with which shall be deposited all public money which it may be necessary or desirable to have on deposit in such sountries to provide for current disbursements to the military and naval forces of the United States and to the diplomatic and consular and other representatives of the United States in and about such countries until six months after the termination of the war between the United States and the Imperial German Government, and to preserihe the terms and conditions of such deposits. TREASURY BILLS AND CERTIFICATES OF INDEBTED- NESS Section 5 of the Second Liberty Bond Act, as amended by the act of Tune 17. 1929 Src. 5. (a) That in addition to the bonds and notes authorized by sections 1 and 18 of this Act, as amended, the Secretary of the Treasury is authorized to borrow from time to time, on the credit of the United States, for the purposes of this Act, to provide for the purchase or redemption before maturity of any certificates of indebt- 4 This section further amends sec. 15, Federal Reserve Act, which relates to Govern» nent deposits, and see. 19. which prescribes reserve requirements of member banks. 7 oy- nks.

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