The Federal Reserve Act of 1913: History and Digest by Virginius Gilmore Iden

Author:Virginius Gilmore Iden
Language: eng
Format: mobi
Publisher: The National Bank News
Published: 2014-02-20T14:00:00+00:00

(g) To require the writing off of doubtful or worthless assets upon the books and balance sheets of Federal reserve banks.

(h) To suspend, for the violation of any of the provisions of this Act, the operations of any Federal reserve bank, to take possession thereof, administer the same during the period of suspension, and, when deemed advisable, to liquidate or reorganize such bank.

(i) To require bonds of Federal reserve agents, to make regulations for the safeguarding of all collateral, bonds, Federal reserve notes, money or property of any kind deposited in the hands of such agents, and said board shall perform the duties, functions, or-services specified in this Act, and make all rules and regulations necessary to enable said board effectively to perform the same.

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