Old Series Currency Adjustment Act: Hearing Before Subcommittee No. 1 of the Committee on Banking and Currency, House of Representatives, Eighty-seventh Congress, First Session, on H.R. 5306. May 11, 1961U.S. Government Printing Office, 1961 - 112페이지 Considers H.R. 5306, to authorize redemption of certain gold and silver certificates with Federal Reserve Notes and to transfer species held in reserve against those notes into general reserves. Includes Treasury Dept document "Coins and Currency of the U.S.," June 30, 1947 (p. 13-79) |
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1961 certificates Act of February Act of January Act of July Act of March Administrator E. C. A. amended amount outstanding authorized bearing no interest cents CHAIRMAN circulation coinage Debentures denominations deposited face amount February 12 Federal Reserve Act Federal Reserve banks Federal Reserve notes gold and silver gold certificates gold coin Gold Reserve Act grains of pure held as security insurance fund insurance trust fund issue date July 14 June 30 lawful money legal tender liability Loan million national bank notes never be presented Note of Administrator old currency old series currency ounce paper currency payable payment percent presented for redemption public debt bearing purchased pure silver redeemed Reserve bank notes Revenue bonds savings bonds Secretary ROOSA Series D Notes Series DD Series F silver bullion silver certificates standard silver dollars STATEMENT Subtotal taxes Total Treasury bonds Treasury notes U.S. notes United States notes Various dates
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17 페이지 - States to continue the use of both gold and silver as standard money, and to coin both gold and silver into money of equal intrinsic and exchangeable value, such equality to be secured through international agreement, or by such safeguards of legislation as will insure the maintenance of the parity in value of the coins of the two metals, and the equal power of every dollar at all times in the markets and in the payment of debts.
17 페이지 - That the dollar consisting of twenty-five and eight-tenths grains of gold nine-tenths fine, as established by section thirty-five hundred and eleven of the Revised Statutes of the United States, shall be the standard unit of value, and all forms of money issued or coined by the United States shall be maintained at a parity of value with this standard, and it shall be the duty of the Secretary of the Treasury to maintain such parity.
2 페이지 - Act is amended by inserting immediately before the period at the end thereof the following : "or as grazing land".
30 페이지 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
34 페이지 - ... shall be received at par in all parts of the United States in payment of taxes, excises, public lands, and all other dues to the United States, except for duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
18 페이지 - All coins and currencies of the United States (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations) heretofore or hereafter coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues...
34 페이지 - And the same shall be received at par in all parts of the United States in payment of taxes, excises, public lands and all other dues to the United States, except duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
31 페이지 - That gold certificates owned by the Federal Reserve banks shall be redeemed at such times and in such amounts as, in the judgment of the Secretary of the Treasury, are necessary to maintain the equal purchasing power of every kind of currency of the United States...
32 페이지 - That whenever and so long as the aggregate amount of United States notes and silver certificates in the general fund of the Treasury shall exceed...
33 페이지 - States, and when so redeemed may be reissued; but no greater or less amount of such notes shall be outstanding at any time than the cost of the silver bullion, and the standard silver dollar coined therefrom, then held in the Treasury purchased by such notes...