Die geplante Erhöhung der Brausteuer für das norddeutsche Braugewerbe und deren Folgen

National banking under the Federal Reserve System

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Monograph

Identifikator:: 870052624

URN:: urn:nbn:de:zbw-retromon-491

Document type:: Monograph

Author:: Zeitz, Karl http://d-nb.info/gnd/13395689X

Title:: Die geplante Erhöhung der Brausteuer für das norddeutsche Braugewerbe und deren Folgen

Edition:: Sonderabdruck

Place of publication:: Berlin

Publisher:: Buchdruckerei Gebr. Unger

Year of publication:: 1906

Scope:: 1 Online-Ressource (61 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: 2. Brausteuer und Gastwirte

Collection:: Economics Books

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Paper REDIscounTED AND BouGHT BY Feperar RESERVE BANKS exchange of the kinds and maturities made eligible by the Federal Reserve Act for rediscount, with or without the indorsement of a member bank. As a matter of fact, the bulk of the Federal Reserve Banks’ transactions in paper of this sort consists in sales and purchases in the open market, under the section of the Act so permitting. The Federal Reserve Board has determined that a bill of exchange or acceptance to be eligible for purchase by Federal Reserve Banks under this provision of the Federal Reserve Act must (a) Conform to the relative requirements of the Board's Regulation A. (Re- viewed briefly but not completely in Section I of this Chapter, “Notes, drafts, bills of exchange,” etc.) Exception: A banker’s acceptance growing out of a transaction involving the storage within the United States of goods which have been actually sold, may be purchased, providing that the acceptor is secured by the pledge of such goods and, providing further, that the bill conforms in other respects to the relative requirements of Regulation A. b) Must have a maturity at the time of purchase of not more than 90 days, or in case of an acceptance drawn for an agricultural purpose, six months. A banker’s acceptance growing out of a transaction involving the importa- tion or exportation of goods may also be purchased with a maturity not in excess of six months, exclusive of days of grace. Must have been accepted by the drawee prior to purchase by a Federal Reserve Bank, unless it is either accompanied and secured by shipping documents, or by a warehouse, terminal, or other similar receipt conveying security title, or bears a satisfactory banking endorsement. (d) By an amendment adopted as a part of the Agricultural Credits Act of March 4, 1923, the Federal Reserve Banks are authorized also to purchase and sell in the open market acceptances of Federal intermediate credit banks and of national agricultural credit corporations, whenever the Federal Reserve Board shall declare that the public interest so requires. 78 |

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