Annual Report |
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Page xv
“ Second , How much money may any bank loan on any one line of commercial paper ? ... but the discount of bills of exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually ...
“ Second , How much money may any bank loan on any one line of commercial paper ? ... but the discount of bills of exchange drawn in good faith against actually existing values and the discount of commercial or business paper actually ...
Page xvi
The exceptions to which I refer relate to the discount of bills of exchange drawn in good faith against actually existing values ... In their application to commercial paper , the terms “ loans " and " discounts ” are synonymous .
The exceptions to which I refer relate to the discount of bills of exchange drawn in good faith against actually existing values ... In their application to commercial paper , the terms “ loans " and " discounts ” are synonymous .
Page xx
Loans and discounts ..... $ 22,624,667 12 ) $ 27,628,145 16 $ 30,543,959 76 $ 38,883,892 66 $ 32,402,874 53 Stocks , bonds and mortgages ....... 15,645,031 54 18,846,687 08 21,308,913 14 26,843 , 183 47 24,804,367 45 Overdrafts .
Loans and discounts ..... $ 22,624,667 12 ) $ 27,628,145 16 $ 30,543,959 76 $ 38,883,892 66 $ 32,402,874 53 Stocks , bonds and mortgages ....... 15,645,031 54 18,846,687 08 21,308,913 14 26,843 , 183 47 24,804,367 45 Overdrafts .
Page xxx
Loans and discounts ...... $ 143,524,204 10 ( $ 144,552,308 58 $ 149,521,272 47 $ 150,435,776 01 $ 158 , 445,987 85 Stocks , bonds and mortgages .. 76,775,268 04 79,313,521 87 80,069,615 84 82,524,226 97 84,687,673 85 Overdrafts .
Loans and discounts ...... $ 143,524,204 10 ( $ 144,552,308 58 $ 149,521,272 47 $ 150,435,776 01 $ 158 , 445,987 85 Stocks , bonds and mortgages .. 76,775,268 04 79,313,521 87 80,069,615 84 82,524,226 97 84,687,673 85 Overdrafts .
Page xxxii
1 Loans and discounts ..... $ 17,177,380 48 $ 17,772,200 68 $ 17,982,132 09 $ 18,920,212 04 $ 20,775,001 18 Overdrafts , secured and unsecured ... 4,678 07 6,945 62 5,737 45 4,641 35 2,565 04 l . S. bonds to secure circulation .
1 Loans and discounts ..... $ 17,177,380 48 $ 17,772,200 68 $ 17,982,132 09 $ 18,920,212 04 $ 20,775,001 18 Overdrafts , secured and unsecured ... 4,678 07 6,945 62 5,737 45 4,641 35 2,565 04 l . S. bonds to secure circulation .
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Common terms and phrases
00 Silver coin 00 Totals Assistant Cashier bank currency Gold Banking house banks and bankers banks in reserve bills rediscounted bonds to secure Capital stock paid cash items Cashier's checks outstanding certificates of deposit Certified checks clearing house Commercial certificates Commercial deposits subject currency Gold coin deposit Due Dividends unpaid Due from banks Due to banks ers not reserve Exchanges for clearing Furniture and fixtures interest and taxes internal revenue account items and internal Items in transit John less current ex Loans and discounts March 14 MICHIGAN mortgages and securities National bank currency National bank notes Nickels and cents Notes and bills Overdrafts paid on bonds penses Premiums paid real estate Redemption fund Report of Aug Report of Jan Report of March Report of Nov reserve cities Resources Savings certificates Savings deposits subject to check Surplus fund taxes paid U. S. and National United States bonds Vice President
Popular passages
Page xvii - 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 xvii - That the total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such association actually paid in...
Page xvii - The object of this provision of the statute was to guard National banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount the discount of paper used and required in facilitating the transfer of property and money in the transaction of the legitimate business of the country.
Page 344 - US bonds Stocks, securities, etc ... Banking house, furniture and fixtures Other real estate and mortgages owned Due from National banks (not reserve agents). Due from State banks and bankers Due from approved reserve agents...
Page xvii - 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...
Page 389 - . .. Due to State banks and bankers Dividends unpaid .. .. Individual deposits subject to check...
Page 373 - Liabilities. Capital stock paid in Surplus fund Undivided profits less expenses and taxes paid National bank notes outstanding.
Page xvii - Scully, a regulation to prevent these associations from splitting on the rock which has ruined so many banks, to wit, that of lending too much of their capital to one person or firm. The intention being to protect the association and its stockholders and creditors from unwise banking, we cannot suppose it was meant to injure them by forbidding recovery of the injudicious loans.
Page 341 - National bank notes outstanding .... Due to other National banks ". Due to State banks and bankers Dividends unpaid . Individual deposits subject to...
Page 323 - Due from state banks and bankers Due from approved reserve agents Checks and other cash Items Exchanges for clearing house...
Bibliographic information
| Title | Annual Report |
| Author | Michigan. Banking Division |
| Contributor | Michigan. Banking Dept |
| Published | 1906 |
| Original from | the University of Michigan |
| Digitized | 27 Feb 2007 |
| Export Citation | BiBTeX EndNote RefMan |