...each member bank at any time, and to require such statements and reports as it may deem necessary. (b) To require Federal Reserve banks to rediscount the discounted paper of other Federal Reserve banks. (c) To suspend reserve requirements under certain conditions. (d) To supervise and regulate the issue...

...Board may permit or, on the affirmative vote of at least five members of the Federal Reserve Board, require Federal Reserve Banks to rediscount the discounted...interest to be fixed by the Federal Reserve Board. Transactions of this character between the Federal Reserve Banks have been unusually heavy during the...

...(reading resumed): to permit, or, on the affirmative vote of at least five members of the reserve board, to require Federal reserve banks to rediscount the discounted paper of other Federal ressrve banks at rates of interest to be fixed by the Federal Reserve Board ; to suspend for a period...

...suspension for periods not exceeding fifteen days, any reserve requirement specified" in the Act ; 3. — The power "to supervise and regulate . . ....certain limitations, what exchange charges on domestic opera. tions shall be permissible to member banks ; 7. — The power to control the rates, of discount...

...deem necessary; to permit, or, on the affirmative vote of at least five members of the Reserve Board, to require Federal reserve banks to rediscount the...interest to be fixed by the Federal .Reserve Board; to suspend for a period not exceeding 30 days, and from time to time to renew such suspension for periods...

...reserve board "to permit, or, on the affirmative note of at least five members of the reserve board to require federal reserve banks to rediscount the...interest to be fixed by the federal reserve board." This means that in case there is an exceptionally heavy demand for reserve money in any section of...

...reserve banks. (b) To permit, or, on the affirmative vote of at least five members of the Reserve Board to require Federal reserve banks to rediscount the...interest to be fixed by the Federal Reserve Board. (c) To suspend for a period not exceeding thirty days, and from time to time to renew such suspension...

...affirmative vote of ,°e" f 'blS! "£ at least five members of the Reserve Board to rediscount for require Federal reserve banks to rediscount the discounted...interest to be fixed by the Federal Reserve Board. (c) To suspend for a period not exceeding re«°Te""preeld. thirty days, and from time to time to renew...

...cent at its close. Section 11 of the Federal Reserve Act provides that the Reserve Board may permit cr require Federal reserve banks to rediscount the discounted paper of other Federal reserve banks. During the year 1918 rediscounting among the Reserve banks was unusually heavy due to transfers of...

...deem necessary; to permit, or, on the affirmative vote of at least five members of the Reserve Board, to require Federal reserve banks to rediscount the...interest to be fixed by the Federal Reserve Board; to suspend for a period not exceeding 30 days, and from time to time to renew such suspension for periods...