Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page xxi
... account of the nefarious operations of unscrupulous com petitors . SEGREGATION OF DEPOSITS . I submit the following table for the purpose of showing that the abso- lute separation and segregation of savings deposits and investments has ...
... account of the nefarious operations of unscrupulous com petitors . SEGREGATION OF DEPOSITS . I submit the following table for the purpose of showing that the abso- lute separation and segregation of savings deposits and investments has ...
Page xlvii
... deposited with collateral deposit companies organized under the provisions of Act 240 Public Acts of 1907 and par- ticipations therein sold to savings banks as investments . authorizes banks to loan savings deposits " upon notes or The ...
... deposited with collateral deposit companies organized under the provisions of Act 240 Public Acts of 1907 and par- ticipations therein sold to savings banks as investments . authorizes banks to loan savings deposits " upon notes or The ...
Page lviii
... deposits of securities made pursuant to the Illinois statute is paid to the depositing company as long as it remains ... savings banks under subdivision ( i ) of Section 27 of the General Banking Law , which reads as follows : " The remainder ...
... deposits of securities made pursuant to the Illinois statute is paid to the depositing company as long as it remains ... savings banks under subdivision ( i ) of Section 27 of the General Banking Law , which reads as follows : " The remainder ...
Page 3
... Savings department .. 26,400 07 $ 34,245 74 27,837 06 $ 33,850 15 $ 37,904 65 $ 30,796 85 36,150 75 29,817 64 31,552 ... deposits subject to check . 25,612 63 38,729 78 33,648 68 34,960 46 35,646 68 Commercial certificates of deposit ..
... Savings department .. 26,400 07 $ 34,245 74 27,837 06 $ 33,850 15 $ 37,904 65 $ 30,796 85 36,150 75 29,817 64 31,552 ... deposits subject to check . 25,612 63 38,729 78 33,648 68 34,960 46 35,646 68 Commercial certificates of deposit ..
Page 4
... Savings department 60,108 74 Bonds , mortgages and securities : Commercial department . 19,000 00 Savings department ... deposits subject to check 160,873 92 322,896 16 288,619 73 267,546 46 226,755 19 Commercial certificates of deposit ..
... Savings department 60,108 74 Bonds , mortgages and securities : Commercial department . 19,000 00 Savings department ... deposits subject to check 160,873 92 322,896 16 288,619 73 267,546 46 226,755 19 Commercial certificates of deposit ..
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Common terms and phrases
00 Furniture 00 Gold coin 00 Nickels 00 Other real 00 rent expenses 00 Savings department 00 Silver coin 00 Surplus fund 00 Undivided profits Assistant Cashier banks and bankers banks in reserve bills rediscounted Bills bonds to secure Capital stock paid Cashier's checks outstanding certificates of deposit Certified checks clearing house Commercial deposits subject Dividends unpaid Due from banks Due to banks exceeding earnings Exchanges for clearing Furniture and fixtures interest and taxes Items in transit June 14 less losses Liabilities Loans and discounts monies on deposit mortgages and securities National bank currency Nickels and cents Notes and bills Overdrafts real estate rediscounted Bills payable Report of Apr Report of Dec Report of June Report of Report Report of Sept reserve cities Reserved for taxes Resources Savings certificates secure U. S. deposits subject to check U. S. and National U. S. treasurer United States bonds Vice President
Popular passages
Page xxvii - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page xxxv - ... with the concurrence of the Attorney General, to institute proceedings for the appointment of a receiver to wind up the affairs of the bank.
Page xlv - The total liabilities to any bank of any person or of any company, corporation or firm for moneys advanced, including in the liabilities of the company or firm, the liabilities of the several members thereof...
Page lv - ... persons holding stock as executors, administrators, guardians or trustees, and persons holding stock as collateral security, shall not be personally liable as stockholders, but the assets and funds in their hands constituting the trust shall be liable to the same extent as the testator, intestate, ward or person interested in such trust funds would be, if living or competent to act; and the person pledging such stock shall be deemed the stockholder and liable under this section.
Page lii - person' may extend and be applied to bodies politic and corporate as well as to individuals.
Page lxvii - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Page xxxi - Lansing, Michigan : My Dear Sir — I am in receipt of your communication of the 16th inst. in which you ask whether or not certificates of indebtedness issued...
Page xxxii - ... (b) In the public debt or bonds of any city, county, town- city, county, ete. ship, village or school district of any state or territory in the United States, which shall have been authorized by the legislature of such state or territory: Provided, The total Proviso M to indebtedness of such municipality does not exceed five per'nc cent of its assessed valuation...
Page lv - Such liability may be enforced in a suit at law or in equity by any such bank in process of liquidation, or by any receiver, or other officer succeeding to the legal rights of said bank.
Page lviii - ... notes, bills or other evidences of debt, the payment of which is secured by the deposit with the bank, of collateral security consisting of personal property or securities of known marketable value, worth ten per cent more than the amount so loaned and interest for the time of the loan...