Annual Report of the Commissioner of the Banking Department of the State of Michigan

Capa

De dentro do livro

Outras edições - Ver todos

Termos e frases comuns

Passagens mais conhecidas

Página xxxiv - 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.
Página xxxviii - ... may provide for the payment therefor in such manner as they may deem for the best interest of the locality and may for that purpose issue bonds, certificates of indebtedness or other obligations, which shall be a charge on the city, town or village. Such bonds, certificates or other obligations may be issued with or without interest, payable at such time or times as the authorities may determine, but shall not be issued or sold at less than par.
Página xxxvii - Federal reserve bank shall transact any business except such as is incidental and necessarily preliminary to its organization until it has been authorized by the Comptroller of the Currency to commence business under the provisions of this Act.
Página xxxiii - That 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 one-tenth part of the amount of the capital stock of such association actually paid in...
Página xxxiv - ... per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values.
Página xxxiii - That the discount of bona fide bills of exchange drawn against actually existing values, and the discount of commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed.
Página 370 - US bonds on hand Premiums on US bonds Stocks, securities, etc Banking house, furniture and fixtures Other real estate and mortgages owned Due from National banks...
Página xxxiii - Lansing, Michigan: Dear Sir — I am in receipt of your communication of the 19th inst. referring to the General Banking Law of this State, and requesting my opinion upon the following questions: "First, How much money may the directors of a hank loan to any persoп,,or company, or corporation, or firm, hy a two-thirds vote of its hoard of directors?
Página 411 - US bonds Stocks, securities, etc ... Banking house, furniture and fixtures Other real estate and mortgages owned Due from National banks (not reserve agents).
Página xxxix - Any bank combining the business of a commercial bank and a savings bank shall keep separate books of account for each kind of business: Provided, That all receipts, investments and transactions relating to each of said classes of business shall be governed by the provisions and restrictions herein specifically provided for the respective kinds of banks.

Informações bibliográficas