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Author: Walter Earl Spahr
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 632
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Book Description
Author: Walter Earl Spahr
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 632
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Book Description
Author: Walter Earl Spahr
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 0
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Book Description
Author: James Collins Halloch
Publisher:
ISBN:
Category : Clearinghouses
Languages : en
Pages : 184
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Book Description
Author: Margaret Katherine Loflin
Publisher:
ISBN:
Category :
Languages : en
Pages : 214
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Book Description
Author: Gordon Blythe Anderson
Publisher:
ISBN:
Category : Checks
Languages : en
Pages : 80
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Book Description
Author: Charles J. Bolthouse
Publisher:
ISBN:
Category : Check collection systems
Languages : en
Pages : 190
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Book Description
Author:
Publisher:
ISBN:
Category : Checks
Languages : en
Pages : 106
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Book Description
Author: Walter Earl SPAHR
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Thatcher C. Jones
Publisher: New York : Columbia University Press ; London : P.S. King & son, Limited
ISBN:
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
Presents a description of the clearing and collection mechanism employed in England, Germany, Canada and the United States and describes the clearing functions performed by central banks. Focuses on the contemporary practices since the establishment of the Federal Reserve System.
Author: Gordon B. Anderson
Publisher:
ISBN: 9781332326396
Category : Business & Economics
Languages : en
Pages : 78
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Book Description
Excerpt from The Federal Reserve Check Collection System In framing the Federal Reserve Act considerable attention was directed to the subject of collecting out-of-town checks. Sections 13 and 16 of the Federal Reserve Act referring to the clearing and collection functions of the Federal Reserve Banks provide as follows: "Section 13. - Any Federal Reserve Bank may receive from any of its member banks, and from the United States, deposits of current funds in lawful money, national-bank notes, Federal Reserve notes, or checks, and drafts payable upon presentation, and also, for collection, maturing bills; or solely for the purposes of exchange or of collection, may receive from other Federal Reserve Banks deposits of current funds in lawful money, national-bank notes, or checks upon other Federal Reserve Banks, and checks and drafts, payable upon presentation within its district, and maturing bills payable within its district." "Section 16. - Every Federal Reserve Bank shall receive on deposit at par from member banks or from Federal Reserve Banks checks and drafts drawn upon any of its depositors, and when remitted by a Federal Reserve Bank, checks and drafts drawn by any depositor in any other Federal Reserve Bank or member bank upon funds to the credit of said depositor in said reserve bank or member bank. Nothing herein contained shall be construed as prohibiting a member bank from charging its actual expense incurred in collecting and remitting funds, or for exchange sold to its patrons. The Federal Reserve Board shall, by rule, fix the chaises to be collected by the member banks from its patrons whose checks are cleared through the Federal Reserve Bank, and the chaise which may be imposed for the service of clearing or collection rendered by the Federal Reserve Bank. "The Federal Reserve Board shall make and promulgate from time to time regulations governing the transfer of funds and charges therefor among Federal Reserve Banks and their branches, and may at its discretion exercise the functions of a clearing house for such Federal Reserve Banks, or may designate a Federal Reserve Bank to exercise the functions of a clearing house for its member Banks." 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.
