"Federal Reserve" Quotes from Famous Books
 ... reaching out by bankers in the last fifteen or twenty years—and especially since the war—and the Federal Reserve System for a time put into their hands an almost limitless supply of credit. The banker is, as I have noted, by training and because of his position, totally unsuited to the conduct of industry. If, therefore, ...
— My Life and Work • Henry Ford
... code with close co-operation with the federal reserve system, bringing all private banks under ...
— The Progressive Democracy of James M. Cox • Charles E. Morris
... they met with failure. Mr. McAdoo was confirmed and took his place as Secretary of the Treasury, where his constructive genius in matters of finance was soon brought into play, and under his magnificent leadership the foundation stones of the Federal Reserve system were laid, the fruitage of which is now being realized in every ...
— Woodrow Wilson as I Know Him • Joseph P. Tumulty
... capital may organize a national bank. A national bank may issue its notes—that is, its promises to pay—as currency, to an amount not exceeding the amount of United States bonds deposited by the bank with the national government. Each federal reserve bank is a large central bank organized by the banks of a certain district. It issues notes as currency, secured by ...
— Elements of Civil Government • Alexander L. Peterman |
