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Página i
OF THE COMMISSIONER OF THE BANKING DEPARTMENT OF THE STATE OF MICHIGAN DECEMBER 31 , 1908 . STAL Tona OF THE SE CHI.CO. GREAT SEAL QUARIS DININSULAM AMS NEM SATURS DE CXXXV BY AUTHORITY LANSING , MICHIGAN WYNKOOP HILLENBECK CRAWFORD CO ...
OF THE COMMISSIONER OF THE BANKING DEPARTMENT OF THE STATE OF MICHIGAN DECEMBER 31 , 1908 . STAL Tona OF THE SE CHI.CO. GREAT SEAL QUARIS DININSULAM AMS NEM SATURS DE CXXXV BY AUTHORITY LANSING , MICHIGAN WYNKOOP HILLENBECK CRAWFORD CO ...
Página xii
Michigan. Banking Division. The above table shows a net gain of $ 251,500 , which , together with the gain on account of organization of new banks constitutes a gross increase of capital stock for the year of $ 1,861,500 .
Michigan. Banking Division. The above table shows a net gain of $ 251,500 , which , together with the gain on account of organization of new banks constitutes a gross increase of capital stock for the year of $ 1,861,500 .
Página xix
Michigan. Banking Division. expected to have as intimate knowledge of the affairs of the customers of a bank as the directors , and consequently , would not have been able to detect this condition . The following is a statement of the ...
Michigan. Banking Division. expected to have as intimate knowledge of the affairs of the customers of a bank as the directors , and consequently , would not have been able to detect this condition . The following is a statement of the ...
Página xx
Michigan. Banking Division. mount to enable them to make good the loss incidental to the failure of the bank . If the pending negotiations do not enable them to raise an amount sufficient to wipe out the loss , without calling on the ...
Michigan. Banking Division. mount to enable them to make good the loss incidental to the failure of the bank . If the pending negotiations do not enable them to raise an amount sufficient to wipe out the loss , without calling on the ...
Página xxvi
Michigan. Banking Division. could safely re - open for business , that the Commissioner have the authority to turn it over to the stockholders . It matters not whether this appointive power is left with the Commissioner or the courts ...
Michigan. Banking Division. could safely re - open for business , that the Commissioner have the authority to turn it over to the stockholders . It matters not whether this appointive power is left with the Commissioner or the courts ...
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00 Loans 08 July 08 Report 08 Sept Assistant Cashier bank currency Gold bankers not reserve Banking house banks and bankers banks in reserve Bills payable bills rediscounted bonds to secure Capital stock paid cash items Cashier's checks outstanding certificates of deposit Certified checks clearing house Commercial certificates Commercial deposits subject currency Gold coin deposit Due Due from banks Due to banks Exchanges for clearing Furniture and fixtures interest and taxes internal revenue account items and internal Items in transit John July 15 less current ex Liabilities Loans and discounts Michigan mortgages and securities National bank currency Nickels and cents Notes and bills Overdrafts paid Dividends unpaid paid on bonds penses Premiums paid real estate redemption fund Report of Dec Report of Report reserve cities Resources Savings certificates Savings deposits subject to check Surplus fund taxes paid Dividends U. S. and National United States bonds Vice President
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Página xxxix - It becomes his duty, with the concurrence of the Attorney General, to institute proceedings for the appointment of a receiver to wind up the affairs of the bank.
Página xxxii - 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 xxxv - Lansing, Michigan : My Dear Sir — I am in receipt of your communication of the 16th inst. in which you ask whether or not certificates of indebtedness issued in payment for voting machines under the provisions of section 13 of Act 217 of the Public Acts of 1905 are proper investments for savings banks under subdivision (b).
Página xxxi - 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.
Página xxxviii - No name shall be assumed already in use by any other existing corporation of this State, or corporation lawfully carrying on business in this State, or so nearly similar as to lead to uncertainty or confusion.
Página xxxi - The total liabilities to any bank of any person or of any company, corporation or firm for moneys advanced, including in the liabilities of the company or firm the...
Página xxxvi - The local authorities, on the adoption and purchase of a voting machine, 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.
Página xxxix - ... said bank and ascertain the facts, and in case he finds such impairment or reduction of capital, he shall require such bank to make good the deficiency so appearing within sixty days after the date of such requisition.
Página 454 - Liabilities, Capital stock paid in Surplus fund . Undivided profits, less expenses and taxes paid National bank notes outstanding.. . Due to other National banks Due to State banks and bankers.
Página xxxii - Sculy, a regulation to prevent these associations from splitting on the rock which has ruined so many banks, to wit, that of lending too much of their capital to one person or firm. The intention being to protect the association and its stockholders and creditors from unwise banking, wo cannot suppose it was meant to injure them by forbidding recovery of the injudicious loans.