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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nsure to 8 irplus 1 and uring 5 per to an such mm of such 5 any at of ional pital such aples os less addi- se of gs in rplus such 130 liga~ m of n to | the onal m of 0 8 tum per alue not yunb not hip, InS- for cla- red - or (Te | APPENDIX tock when the market value of the livestock securing the bligation is not at any time less than 115 per centum of ‘he face amount of the notes’ covered by such documents ‘hall be subject under this section to a limitation of ‘5 per centum of such capital and surplus in addition to Such 10 per centum of such capital and surplus. (8) Obligations of any person, copartnership, associa- lon, or corporation in the form of notes secured by not &ss than a like amount of bonds or notes of the United States issued since April 24, 1917, or certificates of in- lebtedness of the United States, shall (except to the *Xtent, permitted by rules and regulations prescribed by he Comptroller of the Currency, with the approval of the Secretary of the Treasury) be subject under this section to 3 limitation of 15 per centum of such capital and surplus In addition to such 10 per centum of such capital and Surplus, RESTRICTION ON NATIONAL BANK'S TOTAL INDEBTEDNESS Section 5202, Revised Statutes, as amended by the acts of Decem- ber 23, 1913; September 7, 1916; April 5, 1918; October 22, 1919; and February 25, 1927 Sec. 5202. No national banking association shall at Any time be indebted, or in any way liable, to an amount *xceeding the amount of its capital stock at such time Actually paid in and remaining undiminished by losses Or otherwise, except on account of demands of the nature following : First. Notes of circulation. Second. Moneys deposited with or collected by the issociation. Third. Bills of exchange or drafts drawn against Money actually on deposit to the credit of the association, 7 due thereto. Fourth. Liabilities to the stockholders of the associa~ flon for dividends and reserve profits. Fifth. Liabilities incurred under the provisions of the Federal Reserve Act. Sixth. Liabilities incurred under the provisions of the War Finance Corporation Act. Seventh. Liabilities created by the indorsement of accepted bills of exchange payable abroad actually Owned by the indorsing bank and discounted at home Or abroad. R53

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