National Bank Amendments: Hearings Before Subcommittee No.2 of the Committee on Banking and Currency, House of Representatives, Eight-sixth Congress, First Session, on H.R. 6092 and H.R. 6093. May 26 and 27, 1959 |
From inside the book
Results 1-5 of 23
Page 2
... excess of 100 per centum of its actually paid - in and unimpaired capital plus 100 per centum of its unimpaired surplus fund . Notes representing loans made under this section to finance the construction of residential or farm buildings ...
... excess of 100 per centum of its actually paid - in and unimpaired capital plus 100 per centum of its unimpaired surplus fund . Notes representing loans made under this section to finance the construction of residential or farm buildings ...
Page 7
... excess in such sale price shall be paid to such shareholders . The appraisal of such shares of stock in any State bank shall be determined in the manner prescribed by the law of the State in such cases , rather than as provided in this ...
... excess in such sale price shall be paid to such shareholders . The appraisal of such shares of stock in any State bank shall be determined in the manner prescribed by the law of the State in such cases , rather than as provided in this ...
Page 9
... excess in such sale price shall be paid to such dissenting shareholders . The appraisal of such shares of stock in any State bank shall be determined in the manner prescribed by the law of the State in such cases , rather than as ...
... excess in such sale price shall be paid to such dissenting shareholders . The appraisal of such shares of stock in any State bank shall be determined in the manner prescribed by the law of the State in such cases , rather than as ...
Page 10
... excess of its common capital , plus its undivided profits and reserves . All debts due to any association , on which interest is past due and unpaid for a period of six months , unless such debts are well secured and in process of ...
... excess of its common capital , plus its undivided profits and reserves . All debts due to any association , on which interest is past due and unpaid for a period of six months , unless such debts are well secured and in process of ...
Page 17
... excess of retained net profits over a 3 - year period . This section will prevent excessive dividends to shareholders where such payments would result in the dissipation of needed captial funds . Section 23 eliminates the requirement ...
... excess of retained net profits over a 3 - year period . This section will prevent excessive dividends to shareholders where such payments would result in the dissipation of needed captial funds . Section 23 eliminates the requirement ...
Common terms and phrases
20 years amortized 25 percent 50 percent American Bankers Association amount apply appraised value approval assets Banking and Currency bill bond borrowing business paper actually capital and surplus capital stock Carleton G Chairman commercial or business committee covering readily marketable dairy cattle dealer Discount of commercial dividends enacted existing law Federal Deposit Insurance Federal Reserve Act Federal Reserve System GIDNEY HARRINGTON increase Industrial Building Authority installment consumer paper JENNINGS legislation loans of 20 loans secured Maine Industrial Building market value merger MOORHEAD mortgage MULTER national banking association Obligations secured Office paid PAUL BROWN percent for loans percent of capital permit national banks person negotiating proposed provisions readily marketable nonperishable real estate loans receiving association Reconstruction Finance Corporation Revised Statutes 12 section 24 secured by warehouse staples fully insured Statutes 12 U.S.C. statutory limitation tion undivided profits value for loans VANIK warehouse receipts covering Wolcott
Popular passages
Page 1 - Secretary, whose salary shall be two thousand five hundred dollars, and who shall possess the power and perform the duties attached by law to the office of Comptroller during a vacancy in such office and during...
Page 1 - ... per centum of the face amount of the notes covered by such documents shall be subject under this section to a limitation of...
Page 8 - ... every other fiduciary capacity, in the same manner and to the same extent as such rights, franchises, and interests were held or enjoyed by any...
Page 5 - ... or if no newspaper is there published, in the newspaper published nearest thereto, at which meeting the shareholders shall elect an agent, voting by ballot, in person or by proxy, each share of stock entitling the holder to one vote; and when such agent shall have received votes representing at least a majority of the stock in value and number of...
Page 8 - Currency shall be authorized and empowered to grant by special permit to national banks applying therefor, when not in contravention of State or local law, the right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, committee of estates of lunatics, or in any other fiduciary capacity...
Page 10 - Prohibited (Sec. 5204). —No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its capital.
Page 4 - That at least fifty per centum of the capital stock of every association shall be paid in before it shall be authorized to commence business...
Page 66 - If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts.
Page 4 - State, not more than thirty miles distant, with the approval of the Comptroller of the Currency, by the vote of shareholders owning two-thirds of the stock of such association. A duly authenticated notice of the vote and of the new name or location selected shall be sent to the office of the Comptroller of the Currency, but no change of name or location shall be valid until the Comptroller shall have issued his certificate of approval of the same.
Page 8 - The capital stock of such consolidated association shall not be less than that required under existing law for the organization of a national...