Federal Reserve Direct Purchase--Old Series Currency Adjustment Act, Hearing Before ..., 86-2 on S.3702 and S.3714 ..., June 24, 1960
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act of February act of July act of March adjustments amended amount BAIRD balances bill Board bonds cents CHAIRMAN changed circulation coinage collateral committee Congress containing continued December demand denominations deposit direct purchase authority discontinued equal Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System fine fixed fractional fund gold and silver gold certificates gold coin Gold Reserve Government grains held House issuance issued June 30 kind lawful money legal tender less liability limited maintain million monetary national bank notes obligations old series currency ounce outstanding paper currency payment percent period piece presented President prior public debt pure silver receipt received redeemed redemption reduced reported Reserve bank notes retirement savings Secretary Senate silver bullion silver certificates silver coins standard silver dollars statement subsidiary silver TABLE Treasury notes U.S. notes United weight
Seite 31 - Treasury notes shall be a legal tender in payment of all debts, public and private, except where otherwise expressly stipulated in the contract, and shall be receivable for customs, taxes, and all public dues, and when so received may be reissued.
Seite 4 - July 1, 1968, any bonds, notes, or other obligations which are direct obligations of the United States or which are fully guaranteed by the United States as to principal and interest may be bought and sold without regard to maturities either in the open market...
Seite 9 - An act directing the purchase of silver bullion and the issue of Treasury notes thereon, and for other purposes.
Seite 10 - Act is amended by inserting immediately before the period at the end thereof the following : "or as grazing land".
Seite 4 - June 30, 1968, any bonds, notes, or other obligations which are direct obligations of the United States or which are fully guaranteed by the United States as to principal and interest may be bought and sold without regard to maturities but only in the open market.
Seite 22 - That upon demand of the holder of any of the Treasury notes herein provided for the Secretary of the Treasury shall, under such regulations as he may prescribe, redeem such notes in gold or silver coin, at his discretion...
Seite 4 - States, and bills, notes, revenue bonds, and warrants with a maturity from date of purchase of not exceeding six months, issued in anticipation of the collection of taxes or in anticipation of the receipt of assured revenues by any State, county, district, political subdivision, or municipality in the continental United States, including irrigation, drainage and reclamation districts...
Seite 37 - System on only that amount of such notes which equals the total amount of its outstanding Federal Reserve notes less the amount of gold certificates held by the Federal Reserve agent as collateral security.
Seite 22 - That the dollar consisting of twenty-five and eight-tenths grains of gold nine-tenths fine, as established by section thirty-five hundred and eleven of the Revised Statutes of the United States, shall be the standard unit of value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard, and it shall be the duty of the Secretary of the Treasury to maintain such parity.