Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page 2
... Detroit press been better exemplified , and never has it been more highly appreciated . NEW BANKS . Despite the unfavorable conditions , there have been incorporated during the year , eighteen new State banks , with a capital of ...
... Detroit press been better exemplified , and never has it been more highly appreciated . NEW BANKS . Despite the unfavorable conditions , there have been incorporated during the year , eighteen new State banks , with a capital of ...
Page 5
... Detroit and Lansing . Detroit being the chief reserve city of the State , nearly all interior banks keep a large portion of their reserve there . At the commencement of the panic the interior banks , in order to pro- tect and strengthen ...
... Detroit and Lansing . Detroit being the chief reserve city of the State , nearly all interior banks keep a large portion of their reserve there . At the commencement of the panic the interior banks , in order to pro- tect and strengthen ...
Page 7
... Detroit , at a meeting at which each bank in the city was represented , I strongly urged that sav- ings banks avail themselves of the ninety day rule , believing that its enforcement would allay the excitement and allow the better ...
... Detroit , at a meeting at which each bank in the city was represented , I strongly urged that sav- ings banks avail themselves of the ninety day rule , believing that its enforcement would allay the excitement and allow the better ...
Page 8
... Detroit Clearing House Association adopted the plan which succeeded so admirably in New York in 1890 and 1891 , and by an amendment to their constitution provided for a " loan committee " author- ized to receive from banks , members of ...
... Detroit Clearing House Association adopted the plan which succeeded so admirably in New York in 1890 and 1891 , and by an amendment to their constitution provided for a " loan committee " author- ized to receive from banks , members of ...
Page 9
... Detroit Clearing House Associa- tion , were for $ 5,000 each . The first one was issued June 17 , 1893 , and was in the following form : Loan Committee of the Detroit Clearing House Association . No ...... Detroit , Mich . , -- $ 5,000 ...
... Detroit Clearing House Associa- tion , were for $ 5,000 each . The first one was issued June 17 , 1893 , and was in the following form : Loan Committee of the Detroit Clearing House Association . No ...... Detroit , Mich . , -- $ 5,000 ...
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Common terms and phrases
00 Fractional paper 00 Individual deposits 00 Other real 00 Silver coin 00 State bank 00 Surplus fund 00 Totals 00 Undivided profits approved reserve agents bank notes outstanding banks and bankers banks in reserve bonds and mortgages bonds on hand bonds to secure Capital stock paid cash items Cashier's checks outstanding certificates of deposit Certified checks Checks and cash clearing house deposit for legal Deposits of U. S. Due from approved Due from banks Due from U. S. Due to banks Exchanges for clearing expenses and taxes Fractional paper currency Furniture and fixtures Individual deposits subject Interest paid July 12 Loans and discounts national bank notes Nickels and cents Notes and bills Overdrafts Premiums on U. S. Report of Dec Report of July Report of Oct reserve cities Savings deposits secure circulation subject to check taxes paid U. S. and national U. S. bonds U. S. disbursing officers U. S. treasurer
Popular passages
Page 4 - Third. To make contracts. Fourth. To sue and be sued, complain and defend, in any court of law or equity.
Page 15 - The stockholders of every bank shall be individually liable, equally and ratably, and not one for another, for the benefit of the depositors in said bank to the amount of their stock at the par value thereof, in addition to the said stock...
Page 16 - York, and also in a newspaper published in the city or town in which the association is located, or if no newspaper is there published, then in the newspaper published nearest thereto, that the association is closing up its affairs, and notifying the holders of its notes and other creditors to present the notes and other claims against the association for payment.
Page 6 - Comptroller shall examine into the condition of such association, ascertain especially the amount of money paid in on account of its capital, the name and place of residence of each of its directors, and the amount of...
Page 16 - Copies of the organization certificate of any national banking association, duly certified by the Comptroller of the Currency and authenticated by his seal of office, shall be evidence in all courts and places within the jurisdiction of the United States of the existence of the association and of every matter which could be proved by the production of the original certificate.
Page 17 - ... issues or puts forth any certificate of deposit, draws any order or bill of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entry in any book, report...
Page 11 - All certificates or evidences of deposits made by the proper officers of any bank shall be as effectual to bind the bank as if made under the common seal thereof ; but said bank shall not issue any bill, note, or certificate intended to circulate as money, and no such bank shall issue post notes.
Page 19 - ... as the result of the canvass for State officers ; and if it shall appear that a majority of the votes cast at such election have thereon "A General Banking Law, Yes," this act shall become a law, and take effect within sixty days after said general election.
Page 8 - In addition to the reports required by the preceding section, each association shall report to the Comptroller of the Currency, within ten days after declaring any dividend, the amount of such dividend, and the amount of net earnings in excess of such dividend.
Page 16 - 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.