The Romance and Tragedy of Banking: Problems and Incidents of Governmental Supervision of National Banks ...Bankers Publishing Company, 1922 - 549 páginas |
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Página 27
... association . " In April , 1867 , an act was passed by the Legislature of the State of New York authorizing any national bank in the state to become a state banking institution by conversion and by virtue of such conversion be absolved ...
... association . " In April , 1867 , an act was passed by the Legislature of the State of New York authorizing any national bank in the state to become a state banking institution by conversion and by virtue of such conversion be absolved ...
Página 28
... association , but a national association cannot convert into a State bank . Mr. McCulloch recommended an enactment fixing a uniform rate of interest for national banks , and a tax on State bank cir- culation , at such a rate as would ...
... association , but a national association cannot convert into a State bank . Mr. McCulloch recommended an enactment fixing a uniform rate of interest for national banks , and a tax on State bank cir- culation , at such a rate as would ...
Página 38
... association amounted to a sum nearly equal to the public money deposit , for which the bank held no security whatever . The largest part of the indebtedness was for seven- thirty United States bonds , which had been transmitted by the ...
... association amounted to a sum nearly equal to the public money deposit , for which the bank held no security whatever . The largest part of the indebtedness was for seven- thirty United States bonds , which had been transmitted by the ...
Página 43
... association , but only $ 16,488 of the $ 200,000 liability was collected . The total collections by the receiver from all sources amounted to $ 312,992 , while the amount of the claims proved against the bank was $ 669,513 , on which ...
... association , but only $ 16,488 of the $ 200,000 liability was collected . The total collections by the receiver from all sources amounted to $ 312,992 , while the amount of the claims proved against the bank was $ 669,513 , on which ...
Página 60
... association , as the law specifically provides for the appointment of a receiver upon failure of a bank to redeem its circulation on demand . Comptrollers in those days were scrupulously conservative in the exercise of the supervisory ...
... association , as the law specifically provides for the appointment of a receiver upon failure of a bank to redeem its circulation on demand . Comptrollers in those days were scrupulously conservative in the exercise of the supervisory ...
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Términos y frases comunes
Acting Comptroller administration affairs amendment amount appointed assets association authority bank failures bank's bankers bill board of directors bonds called capital stock cash cashier cent certificates charge charter City Bank Clearing House closed committee Comp Comptroller's office Congress corporation country bank court creditors Currency Bureau Dawes depositors deposits Deputy Comptroller dividends duties Eckels Federal Reserve Act Federal Reserve Banks Federal Reserve Board Fort Dearborn funds Government Grant & Ward held Hulburd insolvent institution interest issued John Jay Knox Knox liabilities limit liquidation loans ment Murray National Bank Act national bank examiners national banking laws notes organized panic payment placed president real estate receiver receivership recommended redemption rency reports of condition reserve cities Secretary Senate statute stockholders supervision thousand dollars tion transactions Treasury Department Trenholm troller Trust Company United States Attorney violations of law Washington Williams York City
Pasajes populares
Página 397 - I'll begin it, — Ding, dong, bell. All. Ding, dong, bell. Bass. So may the outward shows be least themselves : The world is still deceiv'd with ornament. In law, what plea so tainted and corrupt But, being season'd with a gracious voice, Obscures the show of evil ? In religion, What damned error, but some sober brow Will bless it and approve it with a text...
Página 121 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Página 203 - 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...
Página 487 - Currency not less than five reports during each year according to the form which may be prescribed by him, verified by the oath or...
Página 64 - 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 such association,...
Página 11 - An act to provide a National currency, secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof," approved June third, eighteen hundred and sixty-four.
Página 455 - Ihe amended articles of association. 133. (Sec. 3.) That upon the receipt of the application and certificate of the association provided for in the preceding section, the Comptroller of the Currency shall cause a special examination to be made, at the expense of the association, to determine its condition; and if after such examination or otherwise it appears to him that said association is in a satisfactory condition, he shall grant his certificate 410 A HISTORY OF BANKS AND BANKING.
Página 515 - Dividends (Sec. 5199). —The directors of any association may semiannually declare a dividend of so much of the net profits of the association as they shall judge expedient; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock.
Página 84 - Any national banking association not situated in a central reserve city may make loans secured by improved and unencumbered farm land...
Página 126 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than six months' sight to run, exclusive of days of grace, which grow out of transactions involving the importation or exportation of goods; or which grow out of transactions involving the domestic shipment of goods provided shipping documents conveying or securing title are attached at the time of acceptance; or which are secured at the time of acceptance by a warehouse receipt or other such document conveying or...