Study of Banking Laws, Hearing Before ..., 84:2 .... |
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Page 2
... institutions and credit . With that pur- pose in mind , the study will be addressed to a consideration of such matters as the elimination of obsolete provisions and the addition of such new provisions as may seem desirable in order to ...
... institutions and credit . With that pur- pose in mind , the study will be addressed to a consideration of such matters as the elimination of obsolete provisions and the addition of such new provisions as may seem desirable in order to ...
Page 6
... institutions or to organizations established to benefit the community . Under present law it is not absolutely clear that national banks may make reasonable contributions to educational institutions not operated for profit although they ...
... institutions or to organizations established to benefit the community . Under present law it is not absolutely clear that national banks may make reasonable contributions to educational institutions not operated for profit although they ...
Page 21
... institutions from contributing to such funds or instrumentalities . Recommendation It is recommended that this statute be amended to permit national banks to make contributions in such sums as its board of directors may deem expedient ...
... institutions from contributing to such funds or instrumentalities . Recommendation It is recommended that this statute be amended to permit national banks to make contributions in such sums as its board of directors may deem expedient ...
Page 23
... institutions . All the rights , franchises , and interests of each of such constituent banks and national banking ... institution at the time of such consolidation : Provided , however , That where any such constituent institution at the ...
... institutions . All the rights , franchises , and interests of each of such constituent banks and national banking ... institution at the time of such consolidation : Provided , however , That where any such constituent institution at the ...
Page 37
... institutions do not now have any liabilities incurred under the provisions of the Reconstruction Finance Act . The liabilities referred to are those represented by preferred stock sold by national banks to the Reconstruction Finance ...
... institutions do not now have any liabilities incurred under the provisions of the Reconstruction Finance Act . The liabilities referred to are those represented by preferred stock sold by national banks to the Reconstruction Finance ...
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Common terms and phrases
accounts Accounts liquidating agencies amended amount approval assets audit authority bad debts Bank examiner bank's board of directors Board of Governors bonds borrowed branch branch banking capital and surplus capital stock cash centum chairman committee Comptroller consolidation CRAVENS credit union cumulative voting Currency Deposit Insurance Corporation depositors district dividends eliminate employees Exchange Existing law FDIC Federal Deposit Insurance Federal Reserve Act Federal Reserve agent Federal Reserve bank Federal Reserve notes Federal Reserve System funds GIDNEY insured bank interest JENNINGS liability limited losses market value member banks member corporation member firm merger national banking association obligations officer paragraph of section payment percent permit proposed question Reasons receiving association Recommendation regulation reports repurchase agreement Reserve Act 12 reserves for bad savings and loan securities Senator DOUGLAS Senator ROBERTSON shareholders shares stockholders supervisory thereof tion Title 12 Treasury United United States Code valuations York Stock Exchange
Popular passages
Page 32 - 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 247 - ... 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 40 - 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...
Page 42 - 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 sucu association,...
Page 33 - ... 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 358 - ... 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 117 - And the knowingly taking, receiving, reserving, or charging a rate of interest greater than aforesaid shall be held and adjudged a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page 348 - ... 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 ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 238 - ... shall have been closed on account of inability to meet the demands of its depositors.