Modern Banking Methods and Practical Bank Bookkeeping |
From inside the book
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Page 24
... collateral for loans , or for other purposes . These should be locked up with a combination known only to the principal officers of the bank , except where in some large banks a clerk is employed to take charge of the collateral ; in ...
... collateral for loans , or for other purposes . These should be locked up with a combination known only to the principal officers of the bank , except where in some large banks a clerk is employed to take charge of the collateral ; in ...
Page 28
... collateral security representing the same , when paid , but he cannot compromise a debt or change the terms of a contract without the authority from the board of directors . He may rediscount negotiable paper for the benefit of the bank ...
... collateral security representing the same , when paid , but he cannot compromise a debt or change the terms of a contract without the authority from the board of directors . He may rediscount negotiable paper for the benefit of the bank ...
Page 29
... accept every would - be customer who presents himself , but must be as a watch- dog to protect the bank against the impostors who will occasionally appear . Y He must keep a close watch on the collateral THE OFFICERS AND EMPLOYEES . 29.
... accept every would - be customer who presents himself , but must be as a watch- dog to protect the bank against the impostors who will occasionally appear . Y He must keep a close watch on the collateral THE OFFICERS AND EMPLOYEES . 29.
Page 30
Albert Reed Barrett. Y He must keep a close watch on the collateral ( in some large hanks a clerk is especially employed for this purpose ) and must be ready to call for more security where there is a depreciation in value in that ...
Albert Reed Barrett. Y He must keep a close watch on the collateral ( in some large hanks a clerk is especially employed for this purpose ) and must be ready to call for more security where there is a depreciation in value in that ...
Page 93
... collateral loans ( demand ) , collateral loans ( time ) , and bills discounted representing the usual discounted time paper . Most banks keep only one account representing all their loans and discounts , which is kept under the name of ...
... collateral loans ( demand ) , collateral loans ( time ) , and bills discounted representing the usual discounted time paper . Most banks keep only one account representing all their loans and discounts , which is kept under the name of ...
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Common terms and phrases
amount articles of association balance bank's banker blank board of directors bonds capital stock cash Cashier's check cent Centre City certificates of deposit certified check charge Chase National Bank checks circulation Clearing House clearing-house collateral collection column Comptroller count Currency custom customary daily debit deposit account deposit tickets depositors desk discount register dividend dollars draft due bills duties employees endorsed entered exchange filed foreign funds Grace individual ledger interest forfeited issued keep large banks ledger bookkeeper Legal Tender letter liabilities loans Merchants method months National Banking Act Natt necessary notes number of shares officers organization certificate overdrafts paid paper pass book payable paying teller payment profits proper receipt receiving teller record Seaboard National Bank seen settling clerk shareholders sheet shown shows slip statement book stockholders stub tion transactions transfer undersigned voucher York
Popular passages
Page 9 - The total liabilities to any association, 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 onetenth part of the amount of the capital stock of such association actually paid in.
Page 9 - 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.
Page 9 - No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its capital.
Page 314 - CD, of the city aforesaid, merchant, my true and lawful attorney, for me, and in my name, and for my use to ask, demand...
Page 183 - 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...
Page 9 - Board, by the Comptroller of the Currency in his own name before the association shall be declared dissolved.
Page 9 - All debts due to any associations, on which interest is past due and unpaid for a period of six months, unless the same are well secured, and in process of collection, shall be considered bad debts within the meaning of this section.
Page 9 - That if the directors of any association shall knowingly violate, or knowingly permit any of the officers, agents, or servants of the association to violate any of the provisions of this act, all the rights, privileges, and franchises of . the association derived from this act shall be thereby forfeited.
Page 310 - A majority of the directors, after executing the articles of association and organization certificate, shall have power to execute all other papers, and to do whatever may be required to make its organization perfect and complete as a national association. The shares of any such bank may continue to be for the same amount each as they were before the conversion, and the directors may continue to be...
Page 11 - Each director, when appointed or elected, shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association, and will not knowingly violate, or willingly permit to be violated, any of the provisions of this Title...