Federal Reserve Act (Classic Reprint) PDF Download

Author: Robert L. Owen
Publisher: Forgotten Books
ISBN: 9780656734177
Category : Business & Economics
Languages : en
Pages : 114

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Excerpt from Federal Reserve Act This panic demonstrated the com plete instability of the financial system of America and the hazards which business men had to meet under a grossly defective banking system. A very large part of the American people believed that the panic ensued from the industrial de pression and shrinkage of values due to the demonetization of silver, and a violent agitation arose for the free and unlimited coinage of silver at sixteen to one. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.

Author: Ralph Scott Harris
Publisher: Forgotten Books
ISBN: 9781528574884
Category : Business & Economics
Languages : en
Pages : 324

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Excerpt from Practical Banking With a Survey of the Federal Reserve Act IN putting this volume before the public, the writer has in mind at least two purposes which he hopes to fulfill: (l) to draw with certain accuracy of detail a plan of the structure the mechan ism of the modern bank in America; (2) to reduce all this to untechnical language and yet include sufficient of exact financial information to enable the layman who is interested in the general methods of banking to grasp the subject substantially without laborious and endless effort. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.

Author: Prentice-Hall Inc
Publisher: Forgotten Books
ISBN:
Category : Reference
Languages : en
Pages : 430

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Excerpt from Prentice-Hall Tax Service for 1919 This allowance is not based upon the difference between the actual war cost of such facilities and what they would have cost at pre-war prices. Obviously the taxpayer is not entitled to recover or extinguish through amortization more than the difference between the war cost of such property and what he can sell the property for after the war, or if he continues to need and use it in his business, what it would have cost him after the war. As the rule is expressed in Article 183 of the Regulations: The total amount to be extinguished by amortization, in general, is the excess of the unextinguished or unrecovered cost of the property over its maximum value (either for sale or for use as part of the plant or equipment of a going business) under stable post war. Conditions.' About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.

Author: Mark Sullivan
Publisher: Forgotten Books
ISBN:
Category :
Languages : en
Pages : 490

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Excerpt from Wake Up America F the way that war came to Belgium and to France there are two pictures which, among Ameri can witnesses, surpass all others and are unforgetahle. One is in the letters home of an American woman. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.

Author: Thomas Conway Jr
Publisher: Forgotten Books
ISBN: 9780266230007
Category : Business & Economics
Languages : en
Pages : 450

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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. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.

Author: Henry Parker Willis
Publisher: Forgotten Books
ISBN: 9780265758533
Category : Business & Economics
Languages : en
Pages : 366

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Excerpt from The Federal Reserve: A Study of the Banking System of the United States IT IS of great importance that the American people should understand fully not only the text of the Federal Reserve Act, but, as Well, its history during the process of enactment, and I am sure that this book Will be read with the deepest pleasure by all Who are interested in the subject of banking. The Federal Reserve Act has already been, and Will be in the future, of the greatest advantage, not alone to the bankers, but to all our people Who are the customers of the banks, and who are engaged in agriculture, commerce, and industrial pursuits. The author points out that so far as expressions of opinion are to be found in the book, they are expressions merely of his personal views, but such expressions are surely entitled to have great Weight. I feel confident that this book, both as a history and a searching analysis of the Act, Will be an invaluable help to every student of banking and finance. Charles S. Hamlin. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.

Author: Henry Parker Willis
Publisher: Forgotten Books
ISBN: 9780267816248
Category : Business & Economics
Languages : en
Pages : 60

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Excerpt from The Federal Reserve System Under the Open market provisions of the law it had been provided that Federal reserve banks might buy from individuals, corporations, or banks whether or not members of the system, any paper that they might choose, provided that it complied with the requirements for discountable paper. The banks bought considerable quantities of Government bonds, municipal warrants and bankers' acceptances, and smaller amounts of trade acceptances. In this way their earning assets were increased until at the end Of the year 1916 they had about in vested. At the close Of 1916 a summary of the entire operation Of the system since its opening - about two years - showed that a net earning above organization expenses had been made of approximately per cent on the capital. During the period in question gross earnings had been approximately and net earnings approximately The bank which had paid the largest dividend was the Federal Reserve Bank Of Richmond, which had prac tically completed its whole 6 per cent dividend, ac tually declaring and paying it to November 1, 1916. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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.

Author: Allan H. Meltzer
Publisher:
ISBN:
Category : Federal Reserve banks
Languages : en
Pages : 648

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This first volume of Allan H. Meltzer's history of the Federal Reserve System covers the period from the Federal Reserve's founding in 1913 through the Treasury-Federal Reserve Accord of 1951. To understand why the Federal Reserve acted as it did at key points in its history, Meltzer draws on meeting minutes, correspondence, and other internal documents (many made public only during the 1970s) to trace the reasoning behind its policy decisions. He explains why the Federal Reserve remained passive throughout most of the economic decline that led to the Great Depression, and how the Board's actions helped to produce the deep recession of 1937 and 1938. He also highlights the impact that individuals had on the institution, such as Benjamin Strong, governor of the Federal Reserve Bank of New York in the 1920s, who played a large role in the adoption of a more active monetary policy by the Federal Reserve. From attempts to build a new international financial system at the London Monetary and Economic Conference of 1933 to the Bretton Woods Agreement of 1944 that established the International Monetary Fund and the World Bank, Meltzer also examines the influence the Federal Reserve has had on international affairs. The second, and last volume of this history covers the years 1951 to 1986 in two parts. These include the time of the Federal Reserve's second major mistake, the Great Inflation, and the subsequent disinflation. The volume summarizes the record of monetary policy during the inflation and disinflation.

Author: Allan H. Meltzer
Publisher: University of Chicago Press
ISBN: 0226519988
Category : History
Languages : en
Pages : 815

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Book Description
Allan H. Meltzer's monumental history of the Federal Reserve System tells the story of one of America's most influential but least understood public institutions. This first volume covers the period from the Federal Reserve's founding in 1913 through the Treasury-Federal Reserve Accord of 1951, which marked the beginning of a larger and greatly changed institution. To understand why the Federal Reserve acted as it did at key points in its history, Meltzer draws on meeting minutes, correspondence, and other internal documents (many made public only during the 1970s) to trace the reasoning behind its policy decisions. He explains, for instance, why the Federal Reserve remained passive throughout most of the economic decline that led to the Great Depression, and how the Board's actions helped to produce the deep recession of 1937 and 1938. He also highlights the impact on the institution of individuals such as Benjamin Strong, governor of the Federal Reserve Bank of New York in the 1920s, who played a key role in the adoption of a more active monetary policy by the Federal Reserve. Meltzer also examines the influence the Federal Reserve has had on international affairs, from attempts to build a new international financial system in the 1920s to the Bretton Woods Agreement of 1944 that established the International Monetary Fund and the World Bank, and the failure of the London Economic Conference of 1933. Written by one of the world's leading economists, this magisterial biography of the Federal Reserve and the people who helped shape it will interest economists, central bankers, historians, political scientists, policymakers, and anyone seeking a deep understanding of the institution that controls America's purse strings. "It was 'an unprecedented orgy of extravagance, a mania for speculation, overextended business in nearly all lines and in every section of the country.' An Alan Greenspan rumination about the irrational exuberance of the late 1990s? Try the 1920 annual report of the board of governors of the Federal Reserve. . . . To understand why the Fed acted as it did—at these critical moments and many others—would require years of study, poring over letters, the minutes of meetings and internal Fed documents. Such a task would naturally deter most scholars of economic history but not, thank goodness, Allan Meltzer."—Wall Street Journal "A seminal work that anyone interested in the inner workings of the U. S. central bank should read. A work that scholars will mine for years to come."—John M. Berry, Washington Post "An exceptionally clear story about why, as the ideas that actually informed policy evolved, things sometimes went well and sometimes went badly. . . . One can only hope that we do not have to wait too long for the second installment."—David Laidler, Journal of Economic Literature "A thorough narrative history of a high order. Meltzer's analysis is persuasive and acute. His work will stand for a generation as the benchmark history of the world's most powerful economic institution. It is an impressive, even awe-inspiring achievement."—Sir Howard Davies, Times Higher Education Supplement

Author: Lawrence H. White
Publisher: Cato Institute
ISBN: 1939709679
Category : Business & Economics
Languages : en
Pages : 271

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Book Description
Over 50 years ago, In Search of a Monetary Constitution, which focused on the need for constraints on the creation of money by the government, was published. Although overlooked at the time, the work's analysis has proven to be remarkably prescient. This new collection of essays, Renewing the Search for a Monetary Constitution: Reforming Government's Role in the Monetary System, commemorates the 50th anniversary of the first edition by revisiting and re-energizing the original intent. Since the publication of the original book, central banks have delivered neither sound money nor real growth; instead, chronic inflation and a series of booms and busts have prevailed. In this new collection, scholars call for monetary reform centered on the debate over creating constitutional provisions that empower government versus provisions that prohibit government interference with money. The aim of Renewing the Search for a Monetary Constitution is to revitalize public discussion of constitutional monetary reform. It's a must-read for anyone who wants to change the domination of our monetary system by the government.