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 12
... period of not less than 99 years or a lease having a period of not less than 50 years to run . These restrictions on leasehold loans have proven unrealistic and the present provision of law has been of little benefit either to national ...
... period of not less than 99 years or a lease having a period of not less than 50 years to run . These restrictions on leasehold loans have proven unrealistic and the present provision of law has been of little benefit either to national ...
Page 30
... period shall be deemed to be an addition to its surplus fund if , upon the retirement of such pre- ferred stock , the amount so paid into such retirement fund for such period may then properly be carried to surplus . In any such case ...
... period shall be deemed to be an addition to its surplus fund if , upon the retirement of such pre- ferred stock , the amount so paid into such retirement fund for such period may then properly be carried to surplus . In any such case ...
Page 33
... period as the Board of Governors of the Federal Reserve System may by regulation prescribe ; and the provisions of this subsection , instead of sub - section ( b ) , shall apply to all holding company affili- ates with respect to any ...
... period as the Board of Governors of the Federal Reserve System may by regulation prescribe ; and the provisions of this subsection , instead of sub - section ( b ) , shall apply to all holding company affili- ates with respect to any ...
Page 51
... period of not less than fifty years to run from the date the loan is made or acquired by the national banking association , and any national banking association may purchase any obligation so secured when the entire amount of such ...
... period of not less than fifty years to run from the date the loan is made or acquired by the national banking association , and any national banking association may purchase any obligation so secured when the entire amount of such ...
Page 52
... period of not more than twenty years , and ( 3 ) the foregoing limitations and restrictions shall not prevent the renewal or extension of loans heretofore made and shall not apply to real estate loans which are insured under the ...
... period of not more than twenty years , and ( 3 ) the foregoing limitations and restrictions shall not prevent the renewal or extension of loans heretofore made and shall not apply to real estate loans which are insured under the ...
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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...