General Reserves
Title
General Reserves
Creator
Strong, Benjamin, 1872-1928
Identifier
WWP18862
Date
No date
Source
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Language
English
Text
GENERAL RESERVES.
Sec. 24. That the General Reserve Fund of the Federal Reserve Bank shall be established and maintained at all times at not less than fifty per centum of the total amount of the deposit liabilities and the outstanding notes of the bank. Such reserve shall consist of gold coin or bullion, and gold certificates, Treasury notes, United States notes and silver certificates.
Sec. 24. That the General Reserve Fund of the Federal Reserve Bank shall be established and maintained at all times at not less than fifty per centum of the total amount of the deposit liabilities and the outstanding notes of the bank. Such reserve shall consist of gold coin or bullion, and gold certificates, Treasury notes, United States notes and silver certificates.
Original Format
Miscellaneous
Files
Collection
Citation
Strong, Benjamin, 1872-1928, “General Reserves,” No date, WWP18862, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.