Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1963 - Banking law |
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Page 8
... invested , is a fund upon which himself and others can borrow to a much larger amount . It is a well established fact , that banks in good credit , can circulate a far greater sum than the actual quantum of their capital in gold and sil ...
... invested , is a fund upon which himself and others can borrow to a much larger amount . It is a well established fact , that banks in good credit , can circulate a far greater sum than the actual quantum of their capital in gold and sil ...
Page 9
... invested in its stock , is in a condition to administer to the wants of others , without being put out of his own reach when occasion presents . This yields an extra profit , arising from what is paid for the use of his money by others ...
... invested in its stock , is in a condition to administer to the wants of others , without being put out of his own reach when occasion presents . This yields an extra profit , arising from what is paid for the use of his money by others ...
Page 12
... investing it in that article , to lending it at this rate ; to which , there are the additional motives of a more prompt command of the capital , and of more frequent and exact returns , without trouble or perplexity in the collection ...
... investing it in that article , to lending it at this rate ; to which , there are the additional motives of a more prompt command of the capital , and of more frequent and exact returns , without trouble or perplexity in the collection ...
Page 13
... investment of any additional capital . Stock may , indeed , change hands , by one person selling and another buying ; but the money which the buyer takes out of the common mass to purchase the stock , the seller receives and restores to ...
... investment of any additional capital . Stock may , indeed , change hands , by one person selling and another buying ; but the money which the buyer takes out of the common mass to purchase the stock , the seller receives and restores to ...
Page 32
... investment of so much specie . In addition to the inducements to this measure , which results from the general interest of the Government to enlarge the sphere of the utility of the bank , there is this more particular consideration ...
... investment of so much specie . In addition to the inducements to this measure , which results from the general interest of the Government to enlarge the sphere of the utility of the bank , there is this more particular consideration ...
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Common terms and phrases
aforesaid amends section amount annual appointed asso authority bank notes Bank of England Banking and Currency banking association bill bills of exchange bonds branches capital stock cent centum certificates charter circulating notes clearing-house coin commercial Commission committee comptroller Congress Constitution corporation debt demand deposits directors discount dividends duty election established exchange existing Federal Finance FNMA funds further enacted Government grant Housing Act increase institution interest investment issued legislation limited loans ment Metropolitan National Bank millions of dollars mortgage mortgage insurance national bank national currency National Reserve Association necessary operations organization certificate paid paper payment persons present President principle proposed public housing Public Law public money purchase purpose question receive registered regulations revenue Secretary securities Senate specie stockholders subscribing taxes thereof tion transactions United States notes urban renewal York
Popular passages
Page 3 - House shall exercise continuous watchfulness of the execution by the administrative agencies concerned of any laws, the subject matter of which is within the jurisdiction of such committee; and, for that purpose, shall study all pertinent reports and data submitted to the House by the agencies in the executive branch of the Government.
Page 351 - 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 6 - ... to sue and be sued, plead and be impleaded, answer and be answered unto, defend and be defended, in all courts of record, or any other place whatsoever...
Page 361 - ... whenever the lawful money of any other association shall be below fifteen per centum of its circulation and deposits, such association shall not increase its liabilities by making any new loans or discounts...
Page 314 - ... 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.
Page 44 - That all powers not delegated to the United States by the Constitution, nor prohibited to it by the States, are reserved to the States, or to the people.
Page 308 - The amount of its capital stock and the number of shares into which the same shall be divided.
Page 352 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 144 - The Charter of the Bank of The United States expires in 1836, and its Stockholders will most probably apply for a renewal of their privileges. In order to avoid the evils resulting from precipitancy in a measure involving such important principles, and such deep pecuniary interests, I feel that I cannot, in justice to the Parties interested, too soon present it to the deliberate consideration of the Legislature and the People.
Page 330 - ... or shall pass, utter, or publish, or attempt to pass, utter, or publish, as true, any falsely altered or spurious...