Study of Banking Laws: Hearings Before the United States Senate Committee on Banking and Currency, Eighty-Fourth Congress, Second Session, on Nov. 9, 10, 1956, Parts 1-2 |
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Page 9
... capital and surplus , in addition to the pres- ent limit of 10 percent of capital and surplus when the additional amount of the loan above the 10 - percent limit is secured by shipping documents or warehouse receipts covering ...
... capital and surplus , in addition to the pres- ent limit of 10 percent of capital and surplus when the additional amount of the loan above the 10 - percent limit is secured by shipping documents or warehouse receipts covering ...
Page 10
... capital and surplus . If such paper is negotiable and bears the full recourse endorsement of the dealer or owner , this office has held that it may be acquired without any limit based on capital or surplus . We believe that both types ...
... capital and surplus . If such paper is negotiable and bears the full recourse endorsement of the dealer or owner , this office has held that it may be acquired without any limit based on capital or surplus . We believe that both types ...
Page 12
... capital to 50 percent of capital and surplus . The second change would permit national banks to make loans on leaseholds which have at least 10 years to run beyond the maturity date of the loan . Under present law leasehold loans can be ...
... capital to 50 percent of capital and surplus . The second change would permit national banks to make loans on leaseholds which have at least 10 years to run beyond the maturity date of the loan . Under present law leasehold loans can be ...
Page 19
... capital stock actually paid in and unimpaired and 10 per centum of its unimpaired surplus fund , except that this ... capital stock , bonds , debentures , or other such obligations of any such affiliate , or ( 3 ) accept the capital ...
... capital stock actually paid in and unimpaired and 10 per centum of its unimpaired surplus fund , except that this ... capital stock , bonds , debentures , or other such obligations of any such affiliate , or ( 3 ) accept the capital ...
Page 28
... CAPITAL OF OUTSIDE BRANCHES Title 12 , U. S. O. , sec . 36 ( c ) ( U. S. R. S. , sec . 5155 ) .- A national banking association may , with the approval of the Comptroller of the Currency , establish and operate new branches : ( 1 ) ...
... CAPITAL OF OUTSIDE BRANCHES Title 12 , U. S. O. , sec . 36 ( c ) ( U. S. R. S. , sec . 5155 ) .- A national banking association may , with the approval of the Comptroller of the Currency , establish and operate new branches : ( 1 ) ...
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accounts affiliate agencies amended amount appointed approval assets authority bad debts Bank examiner Bank of Hawaii bank's banking laws board of directors Board of Governors bonds branch branch banking capital and surplus capital stock centum chairman COBURN Commercial banks Comptroller Congress consolidation CRAVENS credit union cumulative voting Deposit Insurance Act Deposit Insurance Corporation depositors district dividends employees Existing law FDIC Federal Deposit Insurance Federal Home Loan Federal Reserve Act Federal Reserve bank Federal Reserve notes Federal Reserve System Federal Savings funds GIDNEY GREENSIDES Home Loan Bank insured bank insured institution interest JENNINGS liability limited loan associations Loan Bank Act losses McCLOY member banks merger national banking association obligations operations paragraph payment percent permit Reasons regulations reports repurchase agreement savings and loan Savings Bank securities Senator DOUGLAS Senator ROBERTSON shareholders shares stockholders subsection supervisory thereof tion Title 12 Treasury United States Code voting
Popular passages
Page 34 - The shareholders of every national banking association shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount invested in such shares...
Page 20 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking...
Page 253 - ... forfeiture ; but no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, except that such individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying.
Page 358 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 35 - ... in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Page 44 - Such receiver, under the direction of the comptroller, shall take possession of the books, records, and assets of every description of such association, collect all debts, dues, and claims belonging to it, and, upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts, and, on a like order, may sell all the real and personal property of such association, on such terms as the court shall direct; and may, if necessary to pay the debts of such association,...
Page 368 - ... be set aside. A copy of such petition shall be forthwith served upon the commission or board, and thereupon the commission or board forthwith shall certify and file in the court a transcript of the record as hereinbefore provided.
Page 584 - Institutions and trust companies subject to regulation and examination by the Comptroller of the Currency or the Board of Governors of the Federal Reserve System, or the Federal Deposit Insurance Corporation.
Page 245 - Except as provided in paragraph (2), the term "bank" means any of the following: (A) An insured bank as defined in section 3(h) of the Federal Deposit Insurance Act. (B) An institution organized under the laws of the United States, any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands, which...
Page 42 - Each such report shall exhibit, in detail and under appropriate heads, the resources and liabilities of the association at the close of business on any past day by him specified; and shall be transmitted to the comptroller within five days after the receipt of a request or requisition therefor from him...