The Branch Banking Question |
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68th Congress additional offices agency American Bankers Association application applying bank approval asso association is located Attorney-General authority bank is located bank or trust bank to establish banking business banking house banks and trust board of directors branch or branches branch systems business of banking charter powers ciation Comptroller consolidated association corporate limits countries or dependencies district enacted engage in branch eral Reserve estab establish a branch exercise existing extra-city branches Federal Reserve Act Federal Reserve Bank Federal Reserve Board Federal Reserve System Hull amendments include any branch lish maintain McFadden National Bank member banks ment municipality National Bank Act National Bank Bill national banking association office or offices operation any branch opinion organization certificate parent bank permit national banks permit State banks permitted to establish prohibited provided further regulations restrictions Revised Statutes Section 9 Session State-wide branch banking tion tional banking trust company unit banks unlawful
Popular passages
Page 133 - Seventh. 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...
Page 136 - That if the directors of any association shall knowingly violate, or knowingly permit any of the officers, agents, or servants of the association to violate any of the provisions of this act, all the rights, privileges, and franchises of . the association derived from this act shall be thereby forfeited.
Page 156 - Subject to the provisions of this act and to the regulations of the board made pursuant thereto, any bank becoming a member of the Federal Reserve System shall retain its full charter and statutory rights as a State bank or trust company, and may continue to exercise all corporate powers granted it by the State in which it was created, and shall be entitled to all privileges of member banks...
Page 133 - 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; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 167 - That section twenty-two hundred and ninety-one and section twenty-two hundred and ninety-seven of the Revised Statutes of the United States be amended to read as follows:
Page 136 - And in cases of such violation, every director who participated in or assented to the same shall be held liable in his personal and individual capacity, for all damages which the association, its shareholders, or any other person, shall have sustained in consequence of such violation.
Page 163 - Branches (Sec. 5155) . —It shall be lawful for any bank or banking association, organized under state laws and having branches, the capital being joint and assigned to and used by the mother bank and branches in definite proportions, to become a national banking association in conformity with existing laws and to retain and keep in operation its branches...
Page 159 - To establish branches in foreign countries or dependencies or insular possessions of the United States...
Page 138 - The place where its operations of discount and deposit are to be carried on, designating the State, Territory, or district, and the particular county and city, town, or village.
Page 136 - Board, by the Comptroller of the Currency in his own name before the association shall be declared dissolved.