The Abc of the Federal Reserve System; Why the Federal Reserve System Was Called Into Being, the Main Features of Its Organization, And How It Works

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The book The Abc of the Federal Reserve System; Why the Federal Reserve System Was Called Into Being, the Main Features of Its Organization, And How It Works was written by author Edwin Walter Kemmerer Here you can read free online of The Abc of the Federal Reserve System; Why the Federal Reserve System Was Called Into Being, the Main Features of Its Organization, And How It Works book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Abc of the Federal Reserve System; Why the Federal Reserve System Was Called Into Being, the Main Features of Its Organization, And How It Works a good or bad book?

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In acting upon such applications the Federal Reserve Board shall consider the financial con- dition of the applying bank, the general char- acter of its management, and whether or not the corporate powers exercised are consistent with the purposes of this act.
Qualifications Whenever the Federal Reserve Board shall membwrfiip*'" permit the applying bank to become a stock- holder in the Federal reserve bank of the dis- trict its stock subscription shall be payable on call of the Federal Reserve ...Board, and stock issued to it shall be held subject to the provi- sions of this act.
All banks admitted to membership under au- thority of this section shall be required to com- ply with the reserve and capital requirements of this act and to conform to those provisions of law imposed on national banks which pro- hibit such banks from lending on or purchasing their own stock, which relate to the withdrawal or impairment of their capital stock, and which relate to the payment of unearned dividends.

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