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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Fi, APPENDIX agent and the Federal reserve bank: Provided Further That nothing in this section shall be construed to deny the right of the Secretary of the Treasury to use member banks as depositaries as heretofore authorized by law. The Secretary of the Treasury is hereby authorized t0 assign any or all the rooms, vaults, equipment, and safes or space in the buildings used by the subtreasuries to any Federal reserve bank acting as fiscal agent of the United States. AGRICULTURAL CREDITS ACT OF 1923, APPROVED MARCH 4, 1923, AS AMENDED BY THE ACTS OF MARCH 4, 1925. FEBRUARY 8. 1927. AND JUNE og 1930 Tiree I.—FEpERAL INTERMEDIATE CREDIT BANKS ‘Amendments to Federal Farm Loan Act) DISCOUNTS AND LOANS Sec. 202.5 (a) That Federal Intermediate Credit Banks: when chartered and established, shall have power, subject solely to such restrictions, limitations, and conditions 89 may be imposed by the Federal Farm Loan Board not inconsistent with the provisions of this Act,— (1) To discount for, or purchase from, any national sank, and/or any State bank, trust company, agricultural credit corporation, incorporated live-stock loan company, savings institution, cooperative bank, cooperative credit or marketing association of agricultural producers, organized under the laws of any State or of the Govern- ment of the United States, and/or any other Federal [ntermediate Credit Bank, with its indorsement, any note, draft, bill of exchange, debenture, or other such obligation the proceeds of which have been advanced or used in the first instance for any agricultural purpose or for the raising, breeding, fattening, or marketing of live stock; and to make loans or advances direct to any such organization, secured by such obligations. (2) To buy or sell, with or without recourse, debentures issued by any other Federal Intermediate Credit Bank: and ¢ This section was added to the Federal Farm Loan Act by section 2 of the Agriculturs] Credits Act of 1092

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