"Dublin Core:Alternative Title","Dublin Core:Abstract","Dublin Core:Table Of Contents","Dublin Core:Date Available","Dublin Core:Date Created","Dublin Core:Date Accepted","Dublin Core:Date Copyrighted","Dublin Core:Date Submitted","Dublin Core:Date Issued","Dublin Core:Date Modified","Dublin Core:Date Valid","Dublin Core:Access Rights","Dublin Core:License","Dublin Core:Conforms To","Dublin Core:Has Format","Dublin Core:Has Part","Dublin Core:Has Version","Dublin Core:Is Format Of","Dublin Core:Is Part Of","Dublin Core:Is Referenced By","Dublin Core:Is Replaced By","Dublin Core:Is Required By","Dublin Core:Is Version Of","Dublin Core:References","Dublin Core:Replaces","Dublin Core:Requires","Dublin Core:Extent","Dublin Core:Medium","Dublin Core:Bibliographic Citation","Dublin Core:Spatial Coverage","Dublin Core:Temporal Coverage","Dublin Core:Accrual Method","Dublin Core:Accrual Periodicity","Dublin Core:Accrual Policy","Dublin Core:Audience","Dublin Core:Audience Education Level","Dublin Core:Mediator","Dublin Core:Instructional Method","Dublin Core:Provenance","Dublin Core:Rights Holder","Dublin Core:Title","Dublin Core:Creator","Dublin Core:Identifier","Dublin Core:Date","Dublin Core:Description","Dublin Core:Source","Dublin Core:Publisher","Dublin Core:Subject","Dublin Core:Contributor","Dublin Core:Rights","Dublin Core:Relation","Dublin Core:Format","Dublin Core:Language","Dublin Core:Type","Dublin Core:Coverage","Item Type Metadata:Text","Item Type Metadata:Interviewer","Item Type Metadata:Interviewee","Item Type Metadata:Location","Item Type Metadata:Transcription","Item Type Metadata:Local URL","Item Type Metadata:Original Format","Item Type Metadata:Physical Dimensions","Item Type Metadata:Duration","Item Type Metadata:Compression","Item Type Metadata:Producer","Item Type Metadata:Director","Item Type Metadata:Bit Rate/Frequency","Item Type Metadata:Time Summary","Item Type Metadata:Email Body","Item Type Metadata:Subject Line","Item Type Metadata:From","Item Type Metadata:To","Item Type Metadata:CC","Item Type Metadata:BCC","Item Type Metadata:Number of Attachments","Item Type Metadata:Standards","Item Type Metadata:Objectives","Item Type Metadata:Materials","Item Type Metadata:Lesson Plan Text","Item Type Metadata:URL","Item Type Metadata:Event Type","Item Type Metadata:Participants","Item Type Metadata:Birth Date","Item Type Metadata:Birthplace","Item Type Metadata:Death Date","Item Type Metadata:Occupation","Item Type Metadata:Biographical Text","Item Type Metadata:Bibliography","Item Type Metadata:Numeric","Item Type Metadata:Edition Statement","Item Type Metadata:Publication Statement","Item Type Metadata:Note statement","Item Type Metadata:Profile description : Creation","Item Type Metadata:Profile description : Descriptive Rules","Item Type Metadata:Profile description : Language Usage","Item Type Metadata:Revision Description : Change","Item Type Metadata:Revision Description : List","Item Type Metadata:Front matter : Title page","Item Type Metadata:Front matter : Division","Item Type Metadata:On Canvas","Item Type Metadata:Selector","Item Type Metadata:Annotated Region","EAD Archive:Descriptive Identification : Heading","EAD Archive:Descriptive Identification : Note","EAD Archive:Appraisal Information","EAD Archive:Arrangement","EAD Archive:Biography or History","EAD Archive:Index","EAD Archive:Level","EAD Archive:Note","EAD Archive:Other Descriptive Data","EAD Archive:Processing Information","EAD Archive:Scope and Content","EAD Archive:Heading","EAD Archive:Table Head","PDF Text:Text",tags,file,itemType,collection,public,featured ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,"Revision of Sec. 27","Strong, Benjamin, 1872-1928",WWP18882,"No date",,"Benjamin Strong Jr. Papers, New York Federal Reserve Bank",,,,,,pdf,English,Text,,"Sec. 27.
That the Federal Reserve Bank shall from time to time purchase from the national banking associations, at prices not over par and accrued interest, the two per cent. bonds of the United States, having the circulation privilege, up to an amount not exceeding their par value, one-half of the amount of circulation of the national banking associations from which purchased, and thereupon shall assume responsibility for the redemption and retirement of the notes of each such national banking association, to the amount of the bonds so purchased from it, which assumption and responsibility shall constitute payment to such national banking associations for such bonds.Immediately after purchasing any such bonds the Bank shall exchange them with the Treasury of the United States for an equal amount at par value of three per cent. notes of the United States, payable within one year of the dates of their issue, at various periods, as determined by the Secretary of the Treasury, which at the Bank of any of its branches. All such notes to be issued under regulations to be prescribed by the Secretary of the Treasury as to the form and tenor thereof, are hereby authorized. Upon the maturity of any such notes, the Bank shall, for a period of twenty years from the organization of the Bank, at the option of the Secretary of the Treasury, accept and pay for to the United States new notes of like aggregate amounts and similar form and tenor. The Bank shall pay to the United States out of its earnings and before reimbursement to the United States for the advance of seven million dollars, herein provided for, a tax of one and one-half per cent. per annum on the amount of its circulating notes equal at par to the amount of such Treasury 3% three per cent. notes from time to time outstanding. a tax of one and one-half (1½) per cent per annum on an amount of circulating Notes equal to the amount of such Treasury three per cent Notes outstanding.",,,,,,Report,,,,,,,,,,,,,,,,,,,,,,,,,,,,99999999,,,,,,,,,,,,,,,,,,,,,,,,,,,,"Federal Reserve Act",https://presidentwilson.org/files/original/acaa5c8d0c5404587627995f6c1145e4.pdf,Text,"Benjamin Strong Jr. Papers",1,0