Excerpt from The Operation of the New Bank Act
The new law summarized the regional system ownership. Federal reserve banks the problem OF control OF the new system. Powers and duties OF the federal reserve board enumerated the powers OF the federal reserve board ana rediscounts the business OF rediscounting foreign acceptances retiring the national bank notes the new reserve bank notes and refunding the bonds. The federal reserve notes issuing and retiring the federal reserve notes possibility OF inflation open market operations control OF the gold supply government deposits and the relations OF the reserve banks To the government the reserve problem the redepositing OF reserves under the new act. Readjustment OF 'the reserves IN the country banks. Readjustment OF reserves IN the reserve cities the reserve problem IN new york and the other central reserve cities.
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Paperback. Condition: New. Print on Demand. This book is a timely and insightful exploration of the dramatic changes in the American banking system at the beginning of the 20th century. The author delves into the flaws and shortcomings of the existing banking system, which was based on the National Bank Act of 1863. He highlights the weaknesses inherent in a system that lacked a central bank or a centralized reserve system, ultimately leaving the country vulnerable to panics and economic instability. The author then analyzes the newly enacted Federal Reserve Act of 1913, outlining its key provisions and the ways in which it attempted to address the existing problems. He explains the establishment of regional reserve banks, the introduction of a new type of bank note, and the regulation of bank reserves. The book provides a comprehensive analysis of the structure and operation of the Federal Reserve System, examining its potential advantages and disadvantages. The author's analysis of the shift from a decentralized to a regional banking system is particularly thought -provoking, providing valuable insights into the complexities of financial reform and the tensions between individual and collective interests in the context of a national banking system. This book offers a valuable historical perspective on the evolution of American banking, illuminating the enduring challenges of creating a stable and resilient financial system. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781331912170_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331912170
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331912170
Quantity: 15 available