The Federal Reserve System And the Banks
The Federal Reserve System And the Banks
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We have also proposed an amendment authorizing any national bank, located in a city of more than 100, 000 in- habitants and possessing a capital and surplus of $1, 000, - 000 or more, to establish branches within the corporate limits of its city, and authorizing any national bank lo- cated in any other place, with the approval of the Fed eral Keserve Board, to establish branches within the limits of its county or within a radius of 25 miles of its banking house, irrespective of county lines. In... recom- mending the county line for branches, the Board was moved by the thought that it might be found convenient for several small banks doing business in the same county to combine into one larger bank, thereby reducing the overhead charges and making the deposits of one part of the county available for the demands in another. It is the hope of the Board that in some districts, through such co-operation, it will be possible to reduce the ex- orbitant interest rates which, in some instances, Iwive been charged by small country banks.
What to read after The Federal Reserve System And the Banks?
You can find similar books in the "Read Also" column, or choose other free books by Warburg, Paul M. (Paul Moritz), 1868-1932 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
We have also proposed an amendment authorizing any national bank, located in a city of more than 100, 000 in- habitants and possessing a capital and surplus of $1, 000, - 000 or more, to establish branches within the corporate limits of its city, and authorizing any national bank lo- cated in any other place, with the approval of the Fed eral Keserve Board, to establish branches within the limits of its county or within a radius of 25 miles of its banking house, irrespective of county lines. In... recom- mending the county line for branches, the Board was moved by the thought that it might be found convenient for several small banks doing business in the same county to combine into one larger bank, thereby reducing the overhead charges and making the deposits of one part of the county available for the demands in another. It is the hope of the Board that in some districts, through such co-operation, it will be possible to reduce the ex- orbitant interest rates which, in some instances, Iwive been charged by small country banks.
What to read after The Federal Reserve System And the Banks?
You can find similar books in the "Read Also" column, or choose other free books by Warburg, Paul M. (Paul Moritz), 1868-1932 to read onlineMoreLess
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