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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ediate counts ment. ‘sdersl d dis aderal merm- [nter- at the adiate aderal DRPO~ redit regu- ibe— ount, ut its f ex- ch— pose, Ad for pur- ad ie, OT ents adily 10rt- and sned for APPENDIX maturity at the time of discount, rediscount, or purchase ot exceeding three years. af (8) To issue, subject to such regulations as the Comp- roller of the Currency may prescribe, collateral trust lotes or debentures, with a maturity not exceeding three years, and to pledge as security for such notes or deben- bures any notes, drafts, bills of exchange, or other securi- ies held by the corporation under the terms of this title. The regulations of the Comptroller of the Currency may srescribe the form of notes or debentures, and of notes, drafts, bills of exchange, warehouse receipts, chattel Mortgages, or other instruments which may be pledged 3s. security therefor, the provisions which may be made with regard to release, substitution, or exchange of such securities, and with regard to protection, supervision, mspection, and reinspection of the agricultural commodi- ‘ies or live stock pledged or mortgaged as security *herefor. _(b) The United States Government shall assume no liability, direct or indirect, for any debentures or other sbligations issued under this title, and all such debentures and. other obligations shall contain conspicuous and appropriate language, to be prescribed in form and sub- stance by the Comptroller of the Currency and approved by the Secretary of the Treasury, clearly indicating that no such liability is assumed. (¢) Any obligation referred to in paragraphs (1) or (2) of subdivision (a) of this section, which is secured by chattel mortgage upon live stock of an estimated market value at least equal to the face amount of such obligation, may be additionally secured by mortgage or deed of trust 1pon real estate or by other securities, under such regula- “ions as may be made by the Comptroller of the Currency. ole ae ale ~ 3 REDISCOUNT CORPORATIONS unt, b its ort- ring o 8 edits SEc. 207. (a) That National Agricultural Credit Cor- porations having an authorized capital stock of $1,000,000 or over may be organized under the provisions of this title, to exercise all the powers enumerated in section 203 sxcept that in lieu of the powers conferred in paragraphs

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