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" Washington, shall at all times have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its... "
A Treatise on the Law of Banks and Banking - Page 1157
by John Torrey Morse (Jr.) - 1888
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Public Documents of Massachusetts, Volume 6, Part 1

Massachusetts - Massachusetts - 1894 - 760 pages
...income of the corporation. SECT. 13. Such corporations shall at all times have on hand, as a reserve, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of all its deposits which are subject to withdrawal upon...
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Journal: 1st-13th Congress . Repr. 14th Congress, 1st Session ..., Volume 1

United States. Congress. House - United States - 1863 - 1180 pages
...of the aggregate amount of its notes in circulation and its deposits ; and every other association shall, at all times, have on hand, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of its notes in circulation, and of its deposits. And whenever...
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The Merchants' Magazine and Commercial Review, Volume 51

Commerce - 1864 - 496 pages
...of the aggregate amount of its notes in circulation, and its deposits , and every other association shall, at all times, have on hand, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of its notes in circulation, and of its deposits. And whenever...
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American Slavery and Finances, Volumes 1-9

Robert John Walker - Finance - 1864 - 406 pages
...adjoining. Fund to be SEC. 41. And be it further enacted, That every such assoalways main- ciation shall at all times have on hand, in lawful money of the tainedonhand. United States, an amount equal to at least twenty-five per centum of the aggregate amount...
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The Bank of England: And the Organisation of Credit in England

Charles Tennant - Banks and banking - 1866 - 894 pages
...amount of its notes iu circulation, and its deposits; and every other association to have at all times on hand, in lawful money of the United States, an amount equal to at least 15 per cent, of the aggregate amount of its notes iu circulation, and of its deposits. And whenever...
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The Fortnightly Review, Volume 4; Volume 6

England - 1866 - 784 pages
...disappointed of payment in lawful money. Furthermore it is enacted that each bank shall have at all times on hand in lawful money of the United States an amount equal to at least 25 per cent, of the aggregate amount of its outstanding notes of circulation and deposits. Finally,...
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The Voter's Text Book, Comprising a Collection of the Most Important ...

James M. Hiatt - United States - 1868 - 426 pages
...centum of the aggregate amount of its notes in circulation and its deposits; and every other association shall, at all times, have on hand, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of its notes in circulation and of its deposits. And whenever...
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An Analytical Digest of the Laws of the United States, Volume 2

Frederick Charles Brightly - Law - 1869 - 680 pages
...of the aggregate amount of its notes in circulation and its deposits ; and every other association shall, at all times, have on hand, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of its notes in circulation, and of its deposits. And whenever...
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The American Annual Cyclopedia and Register of ..., Volume 5; Volume 1865

Encyclopedias and dictionaries - 1869 - 876 pages
...York, Albany, Leavenworth, San Francisco, and Washington City (Charleston and Richmond), must keep on hand, in lawful money of the United States, an amount equal to twenty-five (25) per t Partly estimated. cent, of their circulation and deposits ; all otters an amount...
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A Treatise on the Law Relating to Banks and Banking: With an Appendix ...

John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...of the aggregate amount of its notes in circulation and its deposits ; and every other association shall, at all times, have on hand, in lawful money...of the United States, an amount equal to at \ least fifteen per centum of the aggregate amount of its notes in circulation, and of its deposits. And whenever...
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