Review of Proposed Banking And Currency Bill
Review of Proposed Banking And Currency Bill
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In our eReader you can find the full English version of the book. Read Review of Proposed Banking And Currency Bill Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Review of Proposed Banking And Currency Bill
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With a properly constituted Federal Reserve Board, competent to determine and define the character of such notes as are to be available for rediscount, the conditions imposed would probably work out satisfactorily.
Country banks as a rule balk at the forty-five day limit on the maturity of the ordinary rediscountable paper. It seems to me, however, that they misconstrue and are unnecessarily afraid of this condition. Every bank has in its portfolio notes maturing daily. Any day on which a bank ...requires a rediscount it has all the paper in its portfolio, that has been made "for agricul- tural, industrial, or commercial purposes, " that matures within the next forty-five days available for that purpose. The loans may have been originally made for much longer periods, but there comes a time when they will mature within forty-five days. Loans to farmers are made for agricultural purposes as a rule and would, without doubt, be made available for redis- counting purposes. Of such loans in hand, made from day to day in the ordinary course of business for six months' periods, one-fourth would naturally mature within forty-five days, and for three months' periods one-half would similarly mature.
What to read after Review of Proposed Banking And Currency Bill?
You can find similar books in the "Read Also" column, or choose other free books by James B James Berwick Forgan to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
With a properly constituted Federal Reserve Board, competent to determine and define the character of such notes as are to be available for rediscount, the conditions imposed would probably work out satisfactorily.
Country banks as a rule balk at the forty-five day limit on the maturity of the ordinary rediscountable paper. It seems to me, however, that they misconstrue and are unnecessarily afraid of this condition. Every bank has in its portfolio notes maturing daily. Any day on which a bank ...requires a rediscount it has all the paper in its portfolio, that has been made "for agricul- tural, industrial, or commercial purposes, " that matures within the next forty-five days available for that purpose. The loans may have been originally made for much longer periods, but there comes a time when they will mature within forty-five days. Loans to farmers are made for agricultural purposes as a rule and would, without doubt, be made available for redis- counting purposes. Of such loans in hand, made from day to day in the ordinary course of business for six months' periods, one-fourth would naturally mature within forty-five days, and for three months' periods one-half would similarly mature.
What to read after Review of Proposed Banking And Currency Bill?
You can find similar books in the "Read Also" column, or choose other free books by James B James Berwick Forgan to read onlineMoreLess
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