Hand-book for Bank Officers |
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... profits and surplus - Bad debts defined . Legal requirements with regard to reports of dividends and earnings - How to make these up Capitalization of surplus CHAPTER IX . Page . 9 76 78 80 888888 REPORTS OF CONDITION REQUIRED BY ...
... profits and surplus - Bad debts defined . Legal requirements with regard to reports of dividends and earnings - How to make these up Capitalization of surplus CHAPTER IX . Page . 9 76 78 80 888888 REPORTS OF CONDITION REQUIRED BY ...
Page 41
... profits . $ 199,087 2,340 Less cur't expenses and taxes paid . Liabilities not payable on demand . $ 44,500 National - bank notes outstanding . 110,000 U. S. deposits . 25 Dividends unpaid . 230,989 Individual deposits . 20,495 Due to ...
... profits . $ 199,087 2,340 Less cur't expenses and taxes paid . Liabilities not payable on demand . $ 44,500 National - bank notes outstanding . 110,000 U. S. deposits . 25 Dividends unpaid . 230,989 Individual deposits . 20,495 Due to ...
Page 47
... profits . From these it will appear that a bank has un- doubted right to borrow money whenever it be- comes necessary to do so in the regular course of business , but that it should not make a practice of doing so continuously ...
... profits . From these it will appear that a bank has un- doubted right to borrow money whenever it be- comes necessary to do so in the regular course of business , but that it should not make a practice of doing so continuously ...
Page 48
... profit by regularly lending money for the use of which it has to pay interest , it would seem that it has the ability to make the invest- ment of additional capital stock profitable to those by whom it may be contributed . In conclusion ...
... profit by regularly lending money for the use of which it has to pay interest , it would seem that it has the ability to make the invest- ment of additional capital stock profitable to those by whom it may be contributed . In conclusion ...
Page 53
... profit— or to hold them as investments , is not among the incidental powers enumerated in section 5136 , and is , therefore , a power which it has no legal right to exercise . From the general tenor of the law , and the re- strictions ...
... profit— or to hold them as investments , is not among the incidental powers enumerated in section 5136 , and is , therefore , a power which it has no legal right to exercise . From the general tenor of the law , and the re- strictions ...
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Common terms and phrases
apparent excess appears approval articles of association asso attested authority bad debts Bank Officers banks and bankers board of directors borrow money business of banking business paper capital stock Central Reserve certificates of deposit CHAPTER checks ciation collateral security Comptroller corporation Currency dealing in stocks debts previously contracted decision declaring a dividend deed of trust defined duties election exact excess firm held hold holders indorse interest invested issued John Smith liabilities limit located money borrowed mortgage National Bank Act National banking association National-bank Act necessary negotiating notice number of shares oath organization certificate overdrafts paid payable on demand payment prescribes president or cashier promissory notes proper purchase purpose real estate receive reduce regard reports of condition reserve agents reserve cities restrictions schedule shareholders owning two-thirds signed statute stockholders Supreme Court thereof tion Title transaction violation of law
Popular passages
Page 17 - ... that the taxation shall not be at a greater rate than is assessed upon other moneyed capital in the hands of individual citizens of such state...
Page 10 - ... in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Page 79 - ... in the same form in which it is made to the Comptroller shall be published in a newspaper published in the place where such association is established, or if there is no newspaper in the place, then in the one published nearest thereto in the same county, at the expense of the association ; and such proof of publication shall be furnished as may be required by the Comptroller.
Page 10 - The shareholders or stockholders of every banking or insurance corporation or association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such corporation or 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 or stock.
Page 27 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this title...
Page 71 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Page 42 - 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 27 - 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.