To Amend the Par Value Modification Act of 1972: Hearings Before the Subcommittee on Internation Finance of ... , 93-1 on H.R. 4546 ... , March 6 ... 21, 19731973 - 424 páginas |
Palavras e frases frequentes
abroad accounts adjustment agreement American amount assets authorities balance of payments BERGSTEN bill billion BURNS capital cent central rate Chairman Committee Common Market Congress corporations cost countries CRANE currency forecasting deficit devaluation domestic economic effect Europe European exchange markets exports exposure factors February February 12 Federal Reserve Bank Federal Reserve System fixed exchange rates float foreign currencies foreign exchange foreign exchange market FRENZEL Fund German German marks going gold GONZALEZ Government GREENSPAN HANNA hedging imports increase industrial inflation interest rates international monetary International Monetary Fund intervention investment Japan Japanese KINDLEBERGER liabilities loss major ment monetary reform monetary system negotiations official open market operations parity percent problem purchase question realignment REUSS sell Smithsonian Smithsonian Agreement Special Drawing Rights speculation stability statement sterling surplus swap Swiss franc Thank tion transactions Treasury U.S. dollar United VOLCKER week
Passagens conhecidas
Página 356 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence.
Página 363 - Any Federal reserve bank may, under rules and regulations prescribed by the Federal Reserve Board, purchase and sell in the open market, at home or abroad, either from or to domestic or foreign banks, firms, corporations, or individuals, cable transfers and bankers...
Página 362 - SEC. 4. (a) In order to coordinate the policies and operations of the representatives of the United States on the Fund and the Bank and of all agencies of the Government which make or participate in making foreign loans or which engage in foreign financial, exchange or monetary transactions...
Página 357 - ... buy and sell, with or without its indorsement, through such correspondents or agencies, bills of exchange (or acceptances) arising out of actual commercial transactions which have not more than ninety days to run, exclusive of days of grace, and which bear the signature of two or more responsible parties, and, with the consent of the Federal Reserve Board, to open and maintain banking accounts for such foreign correspondents or agencies.
Página 194 - Certain lessons seem clear. For example, the free circulation of gold coins is unnecessary, leads to hoarding, and tends to a possible weakening of national financial structures in times of emergency. The practice of transferring gold from one individual to another or from the Government to an individual within a nation is not only unnecessary but is in every way undesirable. The transfer of gold in bulk is essential only for the payment of international trade balances. Therefore it is a prudent...
Página 364 - No Federal Reserve bank shall engage or decline to engage in open-market operations under section 14 of this Act except in accordance with the direction of and regulations adopted by the Committee.
Página 14 - Official multilateral includes loans and credits extended by international, regional or subregional financial organizations, such as the World Bank, the International Development Association, the Inter-American Development Bank, and the Central American Bank for Economic Integration.
Página 366 - The New York bank is authorized to purchase and sell foreign currencies in the form of cable transfers through spot or forward transactions on the open market at home and abroad, including transactions with the Stabilization Fund of the Secretary of the Treasury established by section 10 of the Gold Reserve Act of 1934 and with foreign monetary authorities.
Página 362 - Government to the extent that they make or participate in the making of foreign loans or engage in foreign financial, exchange or monetary transactions.
Página 99 - ... President's proclamation of the 16th ultimo has been, in violation of law; but it is also to be understood that no permit of any collector, or other officer connected with this department, is of any validity as a sanction to such intercourse, except as expressly authorized by the license or permission of the President of the United States, through the Secretary of the Treasury. All goods and chattels, wares and merchandise, going to or coming from a State under insurrectionary control, and every...