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

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Page xviii - ... amount of the capital and 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 as money borrowed : Provided...
Page 321 - Due from State banks and bankers Due from approved reserve agents Checks and other cash items...
Page xi - December the Commissioner of the Banking Department shall make an annual report to the Governor of the State, which report shall be published, and shall exhibit; First, A summary of the state and condition of every bank from which reports have been received...
Page xviii - 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.
Page 350 - Stocks, securities, etc Banking house, furniture and fixtures.. Other real estate and mortgages owned. Due from National banks...
Page xx - Drafts may be bona fide bills of exchange drawn upon actual existing values within the meaning of the statute, though not accompanied by specific bills of lading in each case. It is sufficient if they are drawn against property previously consigned and existing either in its original form or in the shape of proceeds of sales in the hands of the consignees.
Page xix - The object of this provision of the statute was to guard National banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount the discount of paper used and required in facilitating the transfer of property and money in the transaction of the legitimate business of the country.
Page 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.
Page 276 - Liabilities. Capital stock paid in .... Surplus fund Undivided profits less expenses and taxes paid . . . National bank notes outstanding. . Due to ol her National banks . . Due to State banks and bankers Individual deposits subject to check Demand certificates of deposit.
Page 323 - Due to other National hanks Due to State hanks and hankers Dividends unpaid Individual deposits suhject to check Demand certificates of deposit. Time certificates of deposit Certified checks Cashier.s checks outstanding . United States deposits Notes and hills rediscounts1 . . ... Bills payahle Liahilities other than those ahove stated.

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