Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page xv
... FEDERAL RESERVE SYSTEM . There are 164 state banks which are members of the Federal Reserve System , with aggregate resources of $ 718,938,941.56 upon December 29 , 1922 , which evi- dences 67.163 per cent of the total resources of ...
... FEDERAL RESERVE SYSTEM . There are 164 state banks which are members of the Federal Reserve System , with aggregate resources of $ 718,938,941.56 upon December 29 , 1922 , which evi- dences 67.163 per cent of the total resources of ...
Page xvi
... Federal Reserve System , and the reserve requirements of member banks are governed - after they become such members - by the Federal Reserve Act , rather than the provisions of the state banking law . The Federal Reserve Act provides ...
... Federal Reserve System , and the reserve requirements of member banks are governed - after they become such members - by the Federal Reserve Act , rather than the provisions of the state banking law . The Federal Reserve Act provides ...
Page lxix
... Federal Reserve bank : Loans and discounts : Commercial . Savings .. Bonds , mortgages and securities : $ 252,411,023 76 $ 249,414,756 02 96,045,690 26 92,798,141 53 105,095,998 98 106,218,299 11 346,439,622 35 340,756,473 50 ...
... Federal Reserve bank : Loans and discounts : Commercial . Savings .. Bonds , mortgages and securities : $ 252,411,023 76 $ 249,414,756 02 96,045,690 26 92,798,141 53 105,095,998 98 106,218,299 11 346,439,622 35 340,756,473 50 ...
Page lxx
... reserve with Federal Reserve 115,000 00 125,000 00 103,000 00 116,000 00 95,525,000 00 92,809,000 00 94,929,000 00 99,858,000 00 108,743,000 00 bank . 17,807,000 00 21,932,000 00 18,407,000 00 20,411,000 00 23,937,000 00 Due from Federal ...
... reserve with Federal Reserve 115,000 00 125,000 00 103,000 00 116,000 00 95,525,000 00 92,809,000 00 94,929,000 00 99,858,000 00 108,743,000 00 bank . 17,807,000 00 21,932,000 00 18,407,000 00 20,411,000 00 23,937,000 00 Due from Federal ...
Page 4
... Federal Reserve bank : Cashier's checks . Commercial . 37,100 00 Savings deposits ( book account ) 12,649 50 55 20 572 54 928,091 30 Savings . 30,533 41 Club savings deposits .. Due from banks in reserve cities : Notes and bills ...
... Federal Reserve bank : Cashier's checks . Commercial . 37,100 00 Savings deposits ( book account ) 12,649 50 55 20 572 54 928,091 30 Savings . 30,533 41 Club savings deposits .. Due from banks in reserve cities : Notes and bills ...
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Common terms and phrases
00 Bonds borrowed 00 Cash 00 Commercial deposits 00 Furniture 00 Other real 00 Outside checks 00 Overdrafts 00 Total resources 00 Undivided profits Assistant Cashier banks and bankers banks in reserve bills rediscounted Bonds and Cert borrowed or left Capital stock paid cash items Cash on hand Cashier's checks certificates of deposit Certified checks Chas checks on banks clearing house Club savings deposits Commercial deposits subject deposits book account Dividends unpaid Due from banks Due from Federal Exchange for clearing Federal Reserve bank Furniture and fixtures house and checks Individual deposits subject left for safe legal reserve Loans and discounts moneys on deposit mortgages and securities NATIONAL BANK Postal savings deposits real estate reserve cities reserve with Federal Reserved for taxes safe keeping Savings deposits book securities and stocks Statement September 15 Stock of Federal subject to check Total liabilities U. S. Bds U. S. Bonds Vice President
Popular passages
Page xxviii - Our statute provides that in the discount of commercial or business paper actually owned by the person negotiating the same, it shall not be considered as money borrowed. The application of this provision, in my opinion, relates exclusively to the person negotiating the paper. The statute contemplates that
Page xxvii - shall at no time exceed one-tenth part of the amount of capital stock of such association actually paid In ; 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
Page 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 : * * • Provided, however. That by a two-thirds vote of directors, the liabilities to any bank of any person or company or corporation or firm
Page xxvii - surplus of such bank; 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
Page lxiv - the extent of the amount of the stock therein, at the par value thereof, in addition to the amount invested In such shares. To permit a trust company to purchase shares of its own capital stock would permit it to impair the security intended for the benefit of creditors. Trusting this will serve to furnish you with the desired information I am. Respectfully yours. AB
Page lxii - payment is made shall be a valid and sufficient release and discharge to said bank for all payments made on account of such deposits prior to the receipt by said bank of notice in writing not to pay such deposits In accordance with the terms thereof.
Page liii - This section provides In part as follows : (b) For borrowing money on the credit of the city in a sum not to exceed eight per centum of the assessed value of all real and personal property in the city • • » • when a city is authorized to acquire or operate any public utility, it may for the purpose of acquiring the
Page xliv - the manner In which Its stock shall be transferred, its directors and officers elected or appointed, its stockholders convened for special meetings, its property transferred. Its general business conducted and the privileges granted to It by law exercised and
Page xliv - Compiled Laws of 1897 as amended) provides In part that "the affairs of each bank shall be managed by a board of not less than five directors who shall be elected by the stockholders.
Page lxii - paid to either or the survivor of them, such deposits thereupon and any additions thereto, made by either of such persons, upon the making thereof, shall become the property of such persons as Joint tenants, and the same