Study of Banking Laws, Hearing Before ..., 84:2 .... |
From inside the book
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Page 9
... share- holders to inspect the shareholders ' list except upon the showing of a proper purpose . There have come to our attention cases in which shareholders of national banks have taken advantage of the present law to inspect the ...
... share- holders to inspect the shareholders ' list except upon the showing of a proper purpose . There have come to our attention cases in which shareholders of national banks have taken advantage of the present law to inspect the ...
Page 15
... transactions should be required to be maintained . All such accounts established should be approved by a majority of the share- holders of the bank . There should be limitations placed on borrowing by such accounts STUDY OF BANKING LAWS 15.
... transactions should be required to be maintained . All such accounts established should be approved by a majority of the share- holders of the bank . There should be limitations placed on borrowing by such accounts STUDY OF BANKING LAWS 15.
Page 19
... shares of stock of any corporation . The limitations and restrictions herein contained as to dealing in , underwriting and purchasing for its own account , investment securities shall not apply to obligations of the United States , or ...
... shares of stock of any corporation . The limitations and restrictions herein contained as to dealing in , underwriting and purchasing for its own account , investment securities shall not apply to obligations of the United States , or ...
Page 20
... shares of directors in an amount not to exceed 10 per centum ) is owned by such affiliate ; ( 4 ) organized under section 25 ( e ) of this Act , as amended , or a subsidiary of such affiliate , all the stock of which ( except qualifying ...
... shares of directors in an amount not to exceed 10 per centum ) is owned by such affiliate ; ( 4 ) organized under section 25 ( e ) of this Act , as amended , or a subsidiary of such affiliate , all the stock of which ( except qualifying ...
Page 22
... shares so held by him if and when said consolidation shall be approved by the Comptroller of the Currency , such value to be ascertained as of the date of the Comptroller's approval by an appraisal made by a committee of three persons ...
... shares so held by him if and when said consolidation shall be approved by the Comptroller of the Currency , such value to be ascertained as of the date of the Comptroller's approval by an appraisal made by a committee of three persons ...
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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.