The Federal Reserve ACT; A Discussion of the Principles and Operations of the New Banking ACT, as Originally Published in the Wall Street Journal and - Softcover
Inhaltsangabe
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...Chicago Is Commercial, Financial And Industrial Focus In The Group Of Regional Centers In Middle West. Agriculture of Several Prairie States ai Basis of a Jobbing Trade of $2,000,000,000--District Served by 38 Railway Lines Terminating in Reserve City, the Headquarters for Enormous Manufacturing Output. Both in the number of banks represented and in the population embraced within its territory the Chicago district leads all others. Subscribing banks in the seventh district number 984, or nearly as many as the total number of all kinds of banks in New England and more than the total subscribing national banks in both the New England and the New York districts. The capital and surplus represented in this group amounting to $211,068,000 provides for one of the strongest Federal institutions with a capital of $12,664,000. There are in addition to the national banks mentioned 15 state banks and trust companies which bring the capital of the Federal Reserve Bank up to $13,152,000, making the Chicago regional bank next to New York in point of capitalization. Territory covered by this grouping of 173,818 square miles includes the lower peninsula of Michigan, Iowa, three-quarters of Indiana, the northern three-fifths of Illinois and the southern quarter of Wisconsin. Considering Chicago's commercial eminence and the numerous agricultural and manufacturing sections which clear through the banks of this city, the district as assigned by the organization Committee seems rather restricted. This is due to the proximity of four other industrial commercial centers, each of which serves a tributary territory not easily provided for under any other arrangement. A glance at the map shows, however, that the centrality of Chicago's position has been...
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Reseña del editor
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1914 edition. Excerpt: ...Chicago Is Commercial, Financial And Industrial Focus In The Group Of Regional Centers In Middle West. Agriculture of Several Prairie States ai Basis of a Jobbing Trade of $2,000,000,000--District Served by 38 Railway Lines Terminating in Reserve City, the Headquarters for Enormous Manufacturing Output. Both in the number of banks represented and in the population embraced within its territory the Chicago district leads all others. Subscribing banks in the seventh district number 984, or nearly as many as the total number of all kinds of banks in New England and more than the total subscribing national banks in both the New England and the New York districts. The capital and surplus represented in this group amounting to $211,068,000 provides for one of the strongest Federal institutions with a capital of $12,664,000. There are in addition to the national banks mentioned 15 state banks and trust companies which bring the capital of the Federal Reserve Bank up to $13,152,000, making the Chicago regional bank next to New York in point of capitalization. Territory covered by this grouping of 173,818 square miles includes the lower peninsula of Michigan, Iowa, three-quarters of Indiana, the northern three-fifths of Illinois and the southern quarter of Wisconsin. Considering Chicago's commercial eminence and the numerous agricultural and manufacturing sections which clear through the banks of this city, the district as assigned by the organization Committee seems rather restricted. This is due to the proximity of four other industrial commercial centers, each of which serves a tributary territory not easily provided for under any other arrangement. A glance at the map shows, however, that the centrality of Chicago's position has been...
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