Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page 4
... 00 35,548 00 39,797 00 24,855 00 28,421 00 Gold coin . 25,495 00 32,220 00 28,885 00 28,535 00 26,790 00 Silver coin . 2,995 60 8,146 75 4,547 75 4,214 25 3,903 60 Nickels and cents . 131 41 436 59 367 65 207 16 129 76 467 80 Checks and ...
... 00 35,548 00 39,797 00 24,855 00 28,421 00 Gold coin . 25,495 00 32,220 00 28,885 00 28,535 00 26,790 00 Silver coin . 2,995 60 8,146 75 4,547 75 4,214 25 3,903 60 Nickels and cents . 131 41 436 59 367 65 207 16 129 76 467 80 Checks and ...
Page 5
... 00 1,067 30 26,254 00 90 39 1,359 06 27,032 00 19,449 00 24,561 00 Due from U. S. Treasurer . 1,500 00 Gold coin . 8,785 00 5,205 00 6,260 00 11,095 00 5,505 00 Silver coin .. 1,747 15 921 25 1,464 20 991 65 1,023 00 Nickels and cents ...
... 00 1,067 30 26,254 00 90 39 1,359 06 27,032 00 19,449 00 24,561 00 Due from U. S. Treasurer . 1,500 00 Gold coin . 8,785 00 5,205 00 6,260 00 11,095 00 5,505 00 Silver coin .. 1,747 15 921 25 1,464 20 991 65 1,023 00 Nickels and cents ...
Page 9
... 00 1,000 00 1,000 00 975 00 Overdrafts . 5,981 51 4,141 95 3,530 62 747 03 1,305 44 Banking house . 5,400 00 5,400 ... Gold coin ... 5,425 00 5,140 00 6,277 50 4,795 00 4,085 00 Silver coin . 1,257 20 2,813 25 1,488 40 2,419 95 2,435 70 ...
... 00 1,000 00 1,000 00 975 00 Overdrafts . 5,981 51 4,141 95 3,530 62 747 03 1,305 44 Banking house . 5,400 00 5,400 ... Gold coin ... 5,425 00 5,140 00 6,277 50 4,795 00 4,085 00 Silver coin . 1,257 20 2,813 25 1,488 40 2,419 95 2,435 70 ...
Page 16
... 00 Overdrafts . 4,577 38 3,946 42 8,433 89 4,741 42 2,352 63 Banking house . 30,000 00 30,000 00 30,000 00 30,000 00 ... Gold coin . Silver coin . 75,250 00 80,587 00 75,187 50 75,000 00 70,222 50 14,000 00 19,000 00 22,000 00 21,000 00 ...
... 00 Overdrafts . 4,577 38 3,946 42 8,433 89 4,741 42 2,352 63 Banking house . 30,000 00 30,000 00 30,000 00 30,000 00 ... Gold coin . Silver coin . 75,250 00 80,587 00 75,187 50 75,000 00 70,222 50 14,000 00 19,000 00 22,000 00 21,000 00 ...
Page 17
... 00 25,000 00 25,000 00 25,000 00 25,000 00 Furniture and fixtures . 4,500 00 4,500 00 4,500 00 4,500 00 4,500 00 ... Gold coin . 20,597 50 20,597 50 20,707 50 23,625 00 21,472 50 Silver coin . 5,154 80 5,698 31 2,458 00 4,834 15 4,636 45 ...
... 00 25,000 00 25,000 00 25,000 00 25,000 00 Furniture and fixtures . 4,500 00 4,500 00 4,500 00 4,500 00 4,500 00 ... Gold coin . 20,597 50 20,597 50 20,707 50 23,625 00 21,472 50 Silver coin . 5,154 80 5,698 31 2,458 00 4,834 15 4,636 45 ...
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Common terms and phrases
00 Furniture 00 Gold coin 00 Other real 00 penses 00 Silver coin 00 Surplus fund 00 Undivided profits April 28 Assistant Cashier bankers not reserve banks and bankers banks in reserve bonds to secure Capital stock paid cash items Cashier's checks outstanding certificates of deposit Certified checks Checks and cash clearing house Commercial certificates Commercial deposits subject Dividends unpaid Due from banks Due to banks Exchanges for clearing Furniture and fixtures interest and taxes Items in transit June 23 less current ex Liabilities Loans and discounts mortgages and securities National bank currency Nickels and cents Notes and bills Overdrafts paid on bonds real estate Report of April Report of Feb Report of June Report of Nov Report of Report Report of Sept reserve cities Resources Savings certificates Savings deposits secure U. S. deposits subject to check taxes paid U. S. and National U. S. treasurer United States bonds Vice President
Popular passages
Page xxix - ... such bank ; 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 : Provided...
Page xxxvii - It becomes his duty, with the concurrence of the Attorney General, to institute proceedings for the appointment of a receiver to wind up the affairs of the bank.
Page xliv - Any man is a public officer who hath any duty concerning the public, and he is not the less a public officer where his authority is confined to narrow limits; for it is the duty of his office and the nature of that duty which make him an officer, and not the extent of his authority.
Page xxix - Lansing, Mich., May 23, 1903. Hon. George W. Moore, Commissioner of Banking, Lansing, Michigan : Dear Sir — I am in receipt of your communication of the 19th inst. referring to the General Banking Law of this State, and requesting my opinion upon the following questions : "First, How much money may the directors of a bank loan to any person, or company, or corporation, or firm, by a two-thirds vote of its board of directors?
Page xxix - That by a two-thirds vote of the directors the liabilities to any bank of any person, or company, or corporation, or firm may be increased to a sum not exceeding one-fifth of the capital and surplus of the bank.
Page xliv - The right, authority and duty, created and conferred by law, by which for a given period, either fixed by law or enduring at the pleasure of the creating power, an individual is invested with some portion of the sovereign functions of the government, to be exercised by him for the benefit, of the public.
Page xxxiii - ... for in the manner indicated. It is sufficient to say that it does not conform to the requirements of the General Ranking Law. Respectfully yours. JNO. E. BIRD. Attorney General. CERTIFICATES OP INDEBTEDNESS AS LEGAL INVESTMENTS. Lansing, Michigan, October 23, 1907. Hon. HM Zimniermann, Commissioner of the Banking Department, "Capitol," Lansing, Michigan : My Dear Sir — I am in receipt of your communication of the 16th inst.
Page xxxiv - The local authorities, on the adoption and purchase of a voting machine, may provide for the payment therefor in such manner as they may deem for the best interest of the locality and may for that purpose issue bonds, certificates of indebtedness or other obligations which shall be a charge on the city, town or village. Such bonds, certificates or other obligations may be issued with or without interest, payable at such time or times as the authorities may determine, but shall not be issued or sold...
Page xxx - In Vol. 29 of the Amer. & Eng. Ency. of Law, 2nd ed. p. 382, we find the following with respect to the limitation found in the National Banking Law: °The object of this provision of the statute was to guard National banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount the discount of paper used and required in facilitating the transfer of property and money in the transaction of the legitimate business of the country.
Page xxix - The total liabilities to any bank or banking institution, of any person, or of any company, corporation or firm, for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such bank or banking institution actually paid in.