Annual Report of the Commissioner of the Banking Department of the State of Michigan |
From inside the book
Results 1-5 of 83
Page 8
... CLEARING HOUSE LOAN CERTIFICATES . In several of the larger cities of the State are established Clearing House Associations , the primary object of which is for the purpose of effecting at one place the daily exchanges between the ...
... CLEARING HOUSE LOAN CERTIFICATES . In several of the larger cities of the State are established Clearing House Associations , the primary object of which is for the purpose of effecting at one place the daily exchanges between the ...
Page 9
... clearing house . Upon delivery of such certificates a proper obligation was taken from the depositing member , made ... Clearing House Associa- tion , were for $ 5,000 each . The first one was issued June 17 , 1893 , and was in the ...
... clearing house . Upon delivery of such certificates a proper obligation was taken from the depositing member , made ... Clearing House Associa- tion , were for $ 5,000 each . The first one was issued June 17 , 1893 , and was in the ...
Page 10
... Clearing House Association , the sup- port of all the banks in the Association was pledged for the protec- tion of each . That you may have an idea of the amount of business transacted through the Detroit Clearing House Association ...
... Clearing House Association , the sup- port of all the banks in the Association was pledged for the protec- tion of each . That you may have an idea of the amount of business transacted through the Detroit Clearing House Association ...
Page 13
... clearing house .. 409,891 05 279,143 47 304,445 24 246,416 43 Checks and cash items 251,485 45 267,967 03 350,110 51 302,096 21 Nickels and cents 21,463 34 21,498 39 22,996 34 24,102 73 Gold coin 1,292,646 04 1,454,969 86 1,728,851 93 ...
... clearing house .. 409,891 05 279,143 47 304,445 24 246,416 43 Checks and cash items 251,485 45 267,967 03 350,110 51 302,096 21 Nickels and cents 21,463 34 21,498 39 22,996 34 24,102 73 Gold coin 1,292,646 04 1,454,969 86 1,728,851 93 ...
Page 14
... clearing house . 416,798 40 298,914 98 489,908 87 414,646 27 Bills of other banks . 656,956 00 663,773 00 562,068 00 595,380 00 Fractional paper currency , nickles and cents 26,947 37 26,893 16 32,063 29 37,161 11 Specie ...
... clearing house . 416,798 40 298,914 98 489,908 87 414,646 27 Bills of other banks . 656,956 00 663,773 00 562,068 00 595,380 00 Fractional paper currency , nickles and cents 26,947 37 26,893 16 32,063 29 37,161 11 Specie ...
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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.