The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-02-14
Annual Report of Body in
Charge OF New Bank Sys-
tenn Declares Measure Is
One of Best Ever Passed.
CHANGES WOULD GIVE
MUCH BROADER SCOPE
Principal Revision Suggested
Planned 10 Permit Owner
ship of Stock in Foreign Fl
nancial Institutions.

Wa.hIrrtuH. H.n SN Hm'ud-
mcrfs rs 'r, n.d. r,sctUv. p.f won"
ro,ouu.u. Of .a ,. Gree. fodp. Iu 'ho
r,ruff .t ... '..,I.| ,rsrNo BOARD ilr
fhr ur ut operations nf ln"
uu, Hnu. ~
A ...r. ..rcp Boo M, opera
IDr .' fH, reserve tri said
IA, r....' Grm"d rho hoard
IN o.. ur... ,uucuul thni fp'
act h1. u.,1 ... oft the mu-t h'u"-
nciu pr... uf legislation ever Jdppt
od Dog ,Ousro.s Scot uul, have g.
Fundamental uiH piles hc"H fuiIV
yindi.at.I .I' ~ most "details tno
wort ~ uf tHo measure has boon suo.
ccssful
The amendments recommended
would
Permit national hanks 80 uhsrrih"
md huid -toCt in banks organized tor
tn" special purpn.r OF doing uHu,
ing husiuos. m foreign countries.
Permit with jhc approval of the
board the SSH" of federal tos"tto
notes 20 federal reserve banks either
against tho ieposit of commercial pa
per NJ roid. provided thar thc gold
300 0tfFtNll'N NNhi f'fh'l NN Ifil' 81
90" required reserve of tho hank.
E,t'nd th' acceptance system tn
dorf,stio trade sn Tar As .t relates O."
do, um'utary acccptnnoos secured uE
Shipping documents or warehouse re-
ccipts .Y.cring readIlt mnraottsl"
comnoJ .,Ies q. against the pledge of
goods 4ctulIiy sold,
Permit HntIuunl banks to establish
ranch oiiicos within the city or cnuu-
rN In -hich they are located.
Per. advances To member Op1Ns
against boo member hnnks secured
promiss"f' notes or agnin~t the pl"df"
of United states gov"rnment u"1ds.
Authorize fnrm loans hN federal rc-
ser,o iauk- within "a radius coy ioo
mi tf place Of business whether ,u
th' .su ur other dis'ri.tp
"ti 5 believed ,nii u, report
"t.l' fhD oulctno1t ~ these nWc-d
nos H..' besides crlnrg ng 'hc use
mess . 'ho ll'inuat han.Ss sreatl.
uT'hru ne federal rcset," act
rId moro completed, realize the pun
pu. of lis trainers
40, board announced that DO doc.
, rut consider u cal direct tho buslro. .-
| operations of federal res"rN, bank b..
| respect 90 foreign loans. but that 10.
| function Is % oversee these bank 4
| plea was mad" IN the report fur th
entrance INTO the .vstcn ot mon
state banks and trusi compauic..
THE board expressed regret thlf D.
| some states suit has leeu instituted 90
| test the reserve nct provisions hr
! winch % may frtnt certain hduru
, MOWERS fo national bauh announced
! is ni'rtIHr ID" have DO. counsel iutnr.
| f,Hr IU these cases aud sr.H cNort
| '0urf would hr made tn have thr
| quu.t'uH soon settled D., tho .Iur me
'uutt r. f. pointed our rhlr uuF
'h.r'u-iwu state hanks have neou ., b.
| init o to tho 4t storn nud oighty-four
otu' have come iu hv conversion
into Hat.nnal banks.
! The discount policy az tha .otrd
| dur.ue lh, pH. .rlJ was declared .o
/ h... been proper udor thc c.r.un
! .|..' OBJ but .t Vs.. pointed uut tuaf ,-
| fiW' goes ON there will Dee a d.spDsI
| iiou o. make thr~. rates uu. p, .,..
| equal iu 100 port. OF thc country Tho
| rcs,rt, hank 20 noe hes.. ODD our.
| aged to indulge u such ,Dwu.,f
! nHHInf "p'p'I the IpF p,ru,f
! 'h' 1'r said rHll.sr 'brr.N. fh.
! danger frnuf might ht., .r,u
| increased none, tltys further
d''r"-,r ufit" participation
/ o. I'n 'r, uus 10. RESERVE A.uU.
I tunt Hr .Au 20 tho ufutr