Excerpt From The Federal Reserve SystemUnder 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 They Had About In Vested At The Close Of 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 Per Cent Dividend, Ac Tually Declaring And Paying It To November , About The PublisherForgotten Books Publishes Hundreds Of Thousands Of Rare And Classic Books Find At WwwrgottenbooksThis 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
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- 62 pages
- The Federal Reserve System
- Henry Parker Willis
- 10 July 2017 Henry Parker Willis