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

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Página xv - 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 xvi - 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 xi - The names and compensation of the clerks employed by him, and the whole amount of the expenses of the banking department during the year.
Página xv - In considering these questions I desire to call your attention to section 6141 of the Compiled Laws, being section 52 of the General Banking Law of this State, which provides in part as follows: °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 xi - ... and the total amount of means and resources, specifying the amount of lawful money held by them at the times of their several returns, and such other information in relation to such associations as in his judgment may be useful.
Página xvi - ... discount of commercial or business paper actually owned by the person negotiating the same shall not be considered as money borrowed: Provided, however. That the foregoing limitations shall not apply to loans on real estate or other collateral securities authorized by this act...
Página xxvii - 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 274 - 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 xvi - 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.
Página xxvii - Stocks, securities, etc ... Banking house, furniture and fixtures Other real estate and mortgages owned Due from National banks (not reserve agents). Due from State banks and bankers Due from approved reserve agents...

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