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" ... have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its notes in circulation and its deposits... "
The Bank of England: And the Organisation of Credit in England - Page 460
by Charles Tennant - 1866 - 869 pages
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Acts and Resolves Passed by the ... Legislature of the State of Maine

Maine - Law - 1891 - 966 pages
...corporations. Reserve fond. SECT. 2. Such corporation shall at all times have on hand, as a reserve, in lawful money of the United States an amount equal to at least twenty-five per centum of the aggregate amount of all its deposits which are subject to withdrawal...
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The General Banking Laws of the State of New York: Including the Banking Law ...

New York (State) - Banking law - 1892 - 308 pages
...409, § 63. § 44. Lawful money reserve. — Every bank or individual banker shall at all times have on hand in lawful money of the United States an amount equal to at least fifteen per cent of the aggregate amount of its deposit sj if its principal place of business is located...
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A Practical Treatise on the Business of Banking and Commercial Credits

John B. Duryea - Banks and banking - 1892 - 448 pages
...York, Philadelphia, Pittsburg, Saint Louis, San Francisco and Washington, shall, at all times, have on hand, in lawful money of the United States, an amount equal to twenty-five per cent. of its deposits ; and every other national bank must have fifteen per cent. of...
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The American and English Encyclopedia of Law, Volume 21

John Houston Merrill, Charles Frederic Williams, Thomas Johnson Michie, David Shephard Garland - Law - 1893 - 1116 pages
...National Banking Act directs that all national banks in the sixteen largest cities shall at all times have on hand, in lawful money of the United States, an amount equal to at least twenty-five per cent, of the aggregate amount of its notes in circulation and deposits. Fifteen per...
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Sound Currency, 1895-1896: A Compendium of Accurate and Timely ..., Volume 2

Currency question - 1895 - 548 pages
...York, Philadelphia, Pittsburgh, Saint Louis, San Francisco, and Washington,1 shall at ail times have -on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its notes in circulation2 and i's deposits : and...
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Sound Currency

Banks and banking - 1895 - 558 pages
...of its notes in circulation* and i's deposits ; and every other association shall at all times have on hand, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of its notes in circulation, and of its •deposits. When_ver...
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The Revised Statutes, Codes and General Laws of the State of New York ...

New York (State) - 1896 - 1262 pages
...44 NY St. R. 380. 44 Lawful money reserve. Every bank or individual banker shall at all times have on hand in lawful money of the United States an amount equal to at least fifteen per cent of the aggregate amount of its deposits, if its principal place of business is located...
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Hearings and Arguments Before the Committee on Banking and Currency of the ...

United States. Congress. House. Committee on Banking and Currency - Banks and banking - 1897 - 626 pages
...surplus fund until the вame shall amount to fifty per centum of its capital stock. times have and keep on hand in lawful money of the United States an amount equal to at least twenty hve per centum of the aggregate amount of its deposits, which must be shown in the reports to...
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Report of the Monetary Commission of the Indianapolis Convention of Boards ...

Indianapolis monetary commission - Currency question - 1898 - 640 pages
...York, Philadelphia, Pittsburgh, Saint Louis. San Francisco, and Washington,4 shall at all times have on hand, in lawful money of the United States, an amount equal to at least twenty-five per centum of the aggregate amount of its notes in circulation and its deposits ; and every...
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The Century Book of Facts: A Library of Ready Reference Embracing History ...

Henry Woldmar Ruoff - Encyclopedias and dictionaries - 1900 - 708 pages
...must report its condition quarterly to the Comptroller of the Currency, and must at all times have on hand in lawful money of the United States an amount equal to at least 25 per cent, of its circulation and deposits. The notes issued by the national banks are thus secured, but depositors...
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