Money and Banking |
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Page 45
... Treasury was required to purchase 4,500,000 ounces of silver monthly at the market price and to pay for it with treasury notes . It was intended that the silver should be coined into silver dollars and should be used in redeeming the ...
... Treasury was required to purchase 4,500,000 ounces of silver monthly at the market price and to pay for it with treasury notes . It was intended that the silver should be coined into silver dollars and should be used in redeeming the ...
Page 107
... Treasury . The workings of such an endless chain pumped gold out rapidly . Al- though the Sherman Act permitted the Secretary of the Treasury to redeem the treasury notes in either gold or silver coin , to have redeemed them in silver ...
... Treasury . The workings of such an endless chain pumped gold out rapidly . Al- though the Sherman Act permitted the Secretary of the Treasury to redeem the treasury notes in either gold or silver coin , to have redeemed them in silver ...
Page 378
... Treasury was authorized to make use of the Federal Reserve banks for fiscal purposes . The Independent Treasury System was continued , how- ever . Thus the government's funds were distributed among the Federal Reserve banks , the ...
... Treasury was authorized to make use of the Federal Reserve banks for fiscal purposes . The Independent Treasury System was continued , how- ever . Thus the government's funds were distributed among the Federal Reserve banks , the ...
Contents
CHAPTER Page | 13 |
CHAPTER XVIContinued | 14 |
METALLIC MONEY | 27 |
Copyright | |
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Common terms and phrases
accounts amount authorized bank acceptance Bank of England bank's bankers banking system bonds borrow branch banking bullion capital stock cash central bank chartered checks circulation coinage collection commercial bank commercial paper Congress corporations credit instruments currency demand depositors deposits discount district draft eral established face value Federal Reserve Act Federal Reserve agent Federal Reserve banks Federal Reserve Board Federal Reserve notes Federal Reserve System finance foreign funds gold certificates gold coin gold dollar Gold Reserve Act gold standard greenbacks interest investment issuing bank legal reserve legal tender member banks ment metal monetary mortgages National Bank Act national bank notes needs non-member banks note issue obtain operations ounce payments permitted price level purchase redeem redemption rediscount Reserve bank notes reserve cities savings bank sell serve banks silver dollar tion trade acceptance transactions trust company United States Government York bank