Annual Report of the Commissioner of Banking of State and Mutual Savings Banks


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Página 433 - Said directors shall hold office one-third for one year, one-third for two years, and one-third for three years, from the...
Página 410 - ... to be approved by the governor, conditioned for the faithful discharge of the duties of their respective offices.
Página 424 - 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 424 - ... association shall not increase its liabilities by making any new loans or discounts otherwise than by discounting or purchasing bills of exchange payable at sight, nor make any dividend of its profits...
Página 425 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Página 412 - The commissioner of banking, his deputy, and every clerk in his department, shall be hound by oath to keep secret all of the facts and information obtained in the' course of such examinations, except so far as the public duty of such officer requires him to report upon or take special action regarding the affairs of any bank and except when called as a witness in any criminal proceeding or trial in a court of justice.
Página 427 - If the directors of any national banking 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 Title, all the rights, privileges and franchises of the association shall be thereby forfeited.
Página 428 - ... thereon to the person in whose name the deposit shall have been made, and the receipt or acquittance of such minor shall be a valid and sufficient release and discharge for such deposit or any part thereof to the corporation. When any deposit shall be made by any person in trust for another, and no other...
Página 426 - All debts due to any association, 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.
Página 414 - That all suits and proceedings arising out of the provisions of this act, in which the United States or its officers or agents shall be parties, shall be conducted by the district attorneys of the several districts, under the direction and supervision of the solicitor of the treasury.

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