The Abc of the Federal Reserve System Why the Federal Reserve System Was Calle

Cover The Abc of the Federal Reserve System Why the Federal Reserve System Was Calle
The Abc of the Federal Reserve System Why the Federal Reserve System Was Calle
Edwin Walter Kemmerer
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Broker or agent for others In making or procuring loans on real e"state~lucated within one hundred miles of the place in which said bank may be located, re- ceiving for such services a reasonable fee or commission: Provided, however, That no such hank L shall in any case^goiaranEeE ejiher^ie- prin- cipal or interest of any sjich loans or assume or guarantee the payment of ajay_ premium on in- surance policies issued through its agency by its principal: A nd ^provided ^further, That the bank sha...ll not guaranteeThe truth of any state- ment made by an assured in filing liis applica- tion for insurance.
Acceptances Any member bank may accept dr^ftL-OX-bills bani em author- of exchange drawn upon it havingjIQiLniQge than ized of bills three" month sHsieEt to run. Exclusive of days of drawn from ....... - * places outside grace, drawn under regulations to be prescribed of country. Gy~the Tederal^ Reserve Board by banks or bank- ers in foreign countries or dependenciesJoFTn- sular possessions of the United States for the purpose of furnishing dollar exchange as re- quired by the usages of trade in the respective countries, dependencies, or insular possessions.


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