Conflict of Federal and State Banking Laws: Hearings Before the Committee on Banking and Currency, House of Representatives, Eighty-eighth Congress, First Session |
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action advise approval assets attorney bank holding company Bank Merger Bank of South banking commission banking facilities banking laws branch banking branch office C. B. UPHAM Canistota capital CHAIRMAN Chief National Bank committee competition Comptroller Comptroller's Office Congress consolidation County court Currency decision deposits dual banking system Dunklin County economic EXHIBIT existing banks Farmers & Merchants Federal Reserve Board Federal Reserve District Federal Reserve System filed Gidney granted hearing Holding Company Act independent banks institutions Jefferson Parish Kennett letter loans Louisiana matter McCook County MERRIGAN National Bank Act National Bank Examiner Ninth Federal Reserve operation opinion Orleans OSCAR BROSZ pending proposed branch question Rapid City received regional chief national SAXON Sioux Falls South Dakota Banking ST GERMAIN statement statute Superintendent of Banks supervisors tion Total TREASURY DEPARTMENT Washington Wessington Springs Whitney Holding Whitney National Bank WIDNALL
Popular passages
Page 222 - If any provision of this Act or the application of such provision to any person or circumstance shall be held invalid, the remainder of the Act and the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby.
Page 257 - State in question; and (2) at any point within the State in which said association is situated, if such establishment and operation are at the time authorized to State banks by the statute law of the State in question...
Page 359 - Within the limits of the city, town, or village in which said association is situated, if such establishment and operation are at the time expressly authorized to State banks by the law of the State in question...
Page 103 - I ask unanimous consent to insert it at this point in the record. The CHAIRMAN. Without objection, it is so ordered. Mr.
Page 222 - successor" shall include any company which acquires directly or indirectly from a bank holding company shares of any bank, when and if the relationship between such company and the bank holding company is such that the transaction effects no substantial change in the control of the bank or beneficial ownership of such shares of such bank. The Board may, by regulation, further define the term "successor" to the extent necessary to prevent evasion of the purposes of this Act.
Page 223 - If, upon a careful examination of the facts so reported, and of any other facts which may come to the knowledge of the Comptroller, whether by means of a special commission appointed by him for the purpose of inquiring into the condition of such association, or otherwise, it appears that such association is lawfully entitled to commence the business of banking, the Comptroller shall...
Page 486 - I would like to have made a part of the permanent record. The CHAIRMAN. Without objection, they will be inserted in the record at this point. (The telegrams referred to are as follows:) PONCE, PR, February 12, 1934.
Page 359 - The aggregate capital of every national banking association and its branches shall at no time be less than the aggregate minimum capital required by law for the establishment of an equal number of national banking associations situated in the various places where such association and its branches are situated.
Page 103 - The spirit as well as the letter of a statute must be respected, and where the whole context of the law demonstrates a particular intent in the legislature to effect a, certain object, some degree of implication may be called in to aid that intent.
Page 217 - ... whether or not the effect of such acquisition or merger or consolidation would be to expand the size or extent of the bank holding company system involved beyond limits consistent with adequate and sound banking, the public interest, and the preservation of competition in the field of banking.