Which commission ideas made it into the 1913 Fed law, and which got dropped?

"Every Federal reserve bank shall maintain reserves in gold or lawful money of not less than thirty-five per centum against its deposits"

"reserves in gold of not less than forty per centum against its Federal reserve notes in actual circulation"

"No Federal reserve bank shall pay out notes issued through another under penalty of a tax of ten per centum upon the face value of notes so paid out."

"The Federal Reserve Board shall require each Federal reserve bank to maintain on deposit in the Treasury of the United States a sum in gold sufficient m the judgment of the Secretary of the Treasurv for the redemption of the Federal reserve notes issued to such bank, but in no event less than five per centum"

"Provided, That Federal reserve banks shall not be permitted to purchase an amount to exceed $25,000,000 of such bonds in any one year"

"1909 - 1911 - National Monetary Commission publishes a series of 48 reports on banking"

"Jan. 08, 1912 - Final report of National Monetary Commission with recommendations & proposed draft bill, known as the Aldrich Plan, after its Chairman, Nelson Aldrich."

"Aldrich Plan Compared with Glass Bill by Rep. S.D. Fess, R-OH, Sep. 18, 1913 - Cong. Rec. A282"

"Federal Reserve Act of 1913, The: History and Digest by V. Gilmore Iden, 1914"

"Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are hereby authorized. The said notes shall be obligations of the United States"

"Such application shall be accompanied with a tender to the local Federal Reserve agent of collateral in amount equal to the sum of the Federal Reserve notes thus applied for and issued pursuant to such application. The collateral security thus offered shall be notes, drafts, bills of exchange, or acceptances acquired under section 10A, 10B, 13, or 13A of this Act"

"Federal Reserve notes issued to any such bank shall, upon delivery, together with such notes of such Federal Reserve bank as may be issued under section 18 of this Act upon security of United States 2 per centum Government bonds, become a first and paramount lien on all the assets of such bank."

"Any Federal reserve bank may at its discretion withdraw collateral deposited with the local Federal reserve agent for the protection of its Federal reserve notes issued to it and shall at the same time substitute therefor other collateral of equal amount with the approval of the Federal reserve agent under regulations to be prescribed by the Board of Governors of the Federal Reserve System."

"Accordingly, on September 7, 1916, an amendment to the Reserve Act was passed according to which such advances were to be permitted in cases where the member bank's note was limited to fifteen days' maturity and in cases where the collateral consisted either of the kind of paper eligible for rediscount or of Government securities."

"is not ehgible for rediscount, even though it may be secured by paper which is itself eligible for rediscount."

"The FederalReserve Actspecified onlythatbetweeneightandtwelveReserve Banksweretobe established, withtheirnumberandlocations determinedby anorganizing committee."

"It proposed an amendment which would permit reserve banks to issue Federal Reserve notes directly against the deposit of gold with the Federal Reserve agents. This suggestion was rejected by Congress together with another proposal that the Federal Reserve notes should be made legal reserve money for member banks."

"The mere fact that a borrower on a given note is a cotton factor does not of itself render that note ineligible since its eligibility is a matter to be determined by the use to which the proceeds of that particular note are put."

"The FederalReserve Act,however, provided little guidance on how the rate was tobedetermined, statingonly that eachReserve Bankis authorized"

"Upon the affirmative vote of not less than five of its members the Federal Reserve Board shall have power, from time to time, by general ruling covering all districts alike, to permit member"

"to its member banks on their promissory notes for a period not exceeding fifteen"

"bankcould re-discountshort-termcommercialloans withtheirFederalReserveBank, and"

"The Federal Reserve Board has no power to interfere with the discretion given or the responsibility imposed by law upon the directors of a Federal Reserve Bank with respect to passing upon the merits of eligible paper oflered for discount."

"amounts to a total of more than ten per cent, of the unimpaired capital and surplus of that bank"