Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page lxvii
... Exchanges for clearing house . 300,541 92 243,688 09 333,694 76 358,309 99 Checks and cash items . 226,913 43 160,616 79 199,702 79 136,857 46 Cash ...... 5,089,305 10 5,039,661 46 5,333,487 61 5,505,338 94 Due from United States ...
... Exchanges for clearing house . 300,541 92 243,688 09 333,694 76 358,309 99 Checks and cash items . 226,913 43 160,616 79 199,702 79 136,857 46 Cash ...... 5,089,305 10 5,039,661 46 5,333,487 61 5,505,338 94 Due from United States ...
Page lxviii
... Exchanges for clearing house .. 597,274 04 415,477 92 930,166 52 578,212 52 Checks and cash items .... 240,308 50 182,689 83 204,714 74 239,577 39 Cash ...... 6,151,557 96 7,105,053 78 7,358,362 08 6,554,095 31 Due from United States ...
... Exchanges for clearing house .. 597,274 04 415,477 92 930,166 52 578,212 52 Checks and cash items .... 240,308 50 182,689 83 204,714 74 239,577 39 Cash ...... 6,151,557 96 7,105,053 78 7,358,362 08 6,554,095 31 Due from United States ...
Page lxxiv
... Exchanges for clearing house .. 68,939 61 92,883 09 80,920 57 67,454 75 48,766 78 469,410 46 479,253 57 488,272 23 966,609 16 635,675 32 Notes of other national banks . Fractional paper currency , 262,378 00 287,729 00 460,428 00 ...
... Exchanges for clearing house .. 68,939 61 92,883 09 80,920 57 67,454 75 48,766 78 469,410 46 479,253 57 488,272 23 966,609 16 635,675 32 Notes of other national banks . Fractional paper currency , 262,378 00 287,729 00 460,428 00 ...
Page lxxvii
... Exchanges for clearing house .. Nickels and cents ... Specie .... 5,038 21 6,137 72 11,175 93 17,648 10 11,193 99 28,842 09 2,392 40 971 66 3,364 06 198,150 60 241,343 10 439,493 70 U. S. and National bank notes . 249,406 00 69,680 00 ...
... Exchanges for clearing house .. Nickels and cents ... Specie .... 5,038 21 6,137 72 11,175 93 17,648 10 11,193 99 28,842 09 2,392 40 971 66 3,364 06 198,150 60 241,343 10 439,493 70 U. S. and National bank notes . 249,406 00 69,680 00 ...
Page lxxx
... Exchanges for clearing house .. Nickels and cents ... Specie ...... 2,230 98 2,579 07 4,810 05 14,550 65 8,295 45 22,846 10 1,997 50 817 64 2,815 14 96,679 42 69,887 00 166,566 42 U. S. and National bank notes .. 286,049 00 69,691 00 ...
... Exchanges for clearing house .. Nickels and cents ... Specie ...... 2,230 98 2,579 07 4,810 05 14,550 65 8,295 45 22,846 10 1,997 50 817 64 2,815 14 96,679 42 69,887 00 166,566 42 U. S. and National bank notes .. 286,049 00 69,691 00 ...
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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.