An Insert in Sec. 29
Title
An Insert in Sec. 29
Creator
Strong, Benjamin, 1872-1928
Identifier
WWP18851
Date
No date
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Language
English
Text
Insert in Sec. 28:
Immediately after putchasing such bonds the Bank, under regulations to be prescribed by the Secretary of the Treasury and the Board, shall, from time to time, as and when the National bank notes secured by such bonds are redeemed, exchange such bonds with the Treasurer of the United States, to an amount not exceeding at par the aggregate amount of the face value of such redeemed notes. Such exchange shall be for an equal amount at par of refunding notes hereinbefore authorized, and, etc., etc.,
Immediately after putchasing such bonds the Bank, under regulations to be prescribed by the Secretary of the Treasury and the Board, shall, from time to time, as and when the National bank notes secured by such bonds are redeemed, exchange such bonds with the Treasurer of the United States, to an amount not exceeding at par the aggregate amount of the face value of such redeemed notes. Such exchange shall be for an equal amount at par of refunding notes hereinbefore authorized, and, etc., etc.,
Original Format
Miscellaneous
Files
Collection
Citation
Strong, Benjamin, 1872-1928, “An Insert in Sec. 29,” No date, WWP18851, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.