Branch, Chain, and Group Banking, Volume 1 |
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Page 5
... loss and many others operating upon earnings insufficient to justify their capital investment . There is not avail- able to me the earning statements of State banks , but taking the national banks as an illustration and the year 1927 as ...
... loss and many others operating upon earnings insufficient to justify their capital investment . There is not avail- able to me the earning statements of State banks , but taking the national banks as an illustration and the year 1927 as ...
Page 13
... loss of their savings . These losses fall upon the best and most substantial citizens in the community and many of them never recover their previous financial condition . Multiply this local event by nearly 6,000 and scatter it ...
... loss of their savings . These losses fall upon the best and most substantial citizens in the community and many of them never recover their previous financial condition . Multiply this local event by nearly 6,000 and scatter it ...
Page 14
... losses through these suspensions . A similar adverse effect is had upon the borrowers of a bank which fails . When a receiver is appointed his duty is to wind up the affairs of the bank and to enforce liquidation . Many of the borrowers ...
... losses through these suspensions . A similar adverse effect is had upon the borrowers of a bank which fails . When a receiver is appointed his duty is to wind up the affairs of the bank and to enforce liquidation . Many of the borrowers ...
Page 15
... losses to depositors in failed banks . Several of the States in the Union have enacted guarantee of deposit laws but ... loss in case of the failure of the bank such a system can not be said to be a remedy for the failure itself . In the ...
... losses to depositors in failed banks . Several of the States in the Union have enacted guarantee of deposit laws but ... loss in case of the failure of the bank such a system can not be said to be a remedy for the failure itself . In the ...
Page 16
... losses , the individual liability if realized in full would net the depositors only 10 cents to the dollar . It may have been the presumption of the original framers of the national bank act that all the shareholders of the national ...
... losses , the individual liability if realized in full would net the depositors only 10 cents to the dollar . It may have been the presumption of the original framers of the national bank act that all the shareholders of the national ...
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Common terms and phrases
affiliated amount assistant bank failures Bank of Italy bank stocks bank suspensions banker BEEDY ber June Decem bonds borrower branch banking system branch system BRAND BUSBY cent chain banking chains or groups CHAIRMAN committee Comptroller Congress Congressman consolidated country banks Currency December 31 depositors deposits directors dividends DUNBAR earning assets establish branches Federal reserve act Federal reserve bank Federal Reserve Board Federal reserve district Federal reserve system funds GOLDSBOROUGH Governor YOUNG group banking holding company increase interest Kansas legislation LETTS limit loans and investments McFadden Act member banks national bank act national banks Nonmember Number of bank number of branches paid parent bank permitted POLE profits purchase question reference salaries securities SEIBERLING situation small banks statement STEAGALL STEVENSON STRONG surplus system of banking tion Total trade area Transamerica Corporation trust companies unit banks usury WINGO York
Popular passages
Page 110 - States provides that the Congress shall have power — To coin money, regulate the value thereof, and of foreign coin, and fix the standard' of weights and measures: To provide for the punishment of counterfeiting the securities and current coin of the United States.
Page 841 - Latter, all the parties to the foregoing certificate of incorporation, known to me personally to be such, and severally acknowledged the said certificate to be the act and deed of the signers, respectively, and that the facts therein stated are truly set forth.
Page 607 - 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 607 - Any number of persons, not less than three, may associate to establish a corporation for the transaction of any lawful business, or to promote or conduct any legitimate object or purpose...
Page 265 - The result is a conviction that the States have no power, by taxation or otherwise, to retard, impede, burden, or in any manner control, the operations of the constitutional laws enacted by Congress to carry into execution the powers vested in the General Government.
Page 264 - After the most deliberate consideration, it is the unanimous and decided opinion of this court that the act to incorporate the Bank of the United States is a law made in pursuance of the constitution, and is a part of the supreme law of the land.
Page 434 - Sec. 3.* The Federal Reserve Board may permit or require any Federal reserve bank to establish branch banks within the Federal reserve district in which it is located or within the district of any Federal reserve bank which may have been suspended.
Page 23 - district" shall be held to mean Federal reserve district; the term "reserve bank" shall be held to mean Federal reserve bank. Federal Reserve Districts SEC. 2. As soon as practicable, the Secretary of the Treasury, the Secretary of Agriculture and the Comptroller of the Currency, acting as "The Reserve Bank Organization Committee...
Page 844 - He shall give, or cause to be given, notice of all meetings of the stockholders and of the board of directors, and shall perform such other duties as may be prescribed by the board of directors or president, under whose supervision he shall be.
Page 607 - ... 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; and stock so purchased or acquired shall, within six months from the time of its purchase, be sold or disposed of at public or private sale...