Annual Report of the Commissioner of the Banking Department of the State of Michigan |
From inside the book
Page xxxix
... notes or bonds secured by mortgage lien upon unencumbered real estate worth at least double the amount loaned ; the remainder of such deposits may be invested in notes , bills or other evidences of debt the payment of which is secured ...
... notes or bonds secured by mortgage lien upon unencumbered real estate worth at least double the amount loaned ; the remainder of such deposits may be invested in notes , bills or other evidences of debt the payment of which is secured ...
Page xlvii
... notes or bonds secured by mortgage lien upon unincumbered real estate worth at least double the amount loaned ; the remainder of such deposits may be invested in notes , bills or other evidences of debt the payment of which is secured ...
... notes or bonds secured by mortgage lien upon unincumbered real estate worth at least double the amount loaned ; the remainder of such deposits may be invested in notes , bills or other evidences of debt the payment of which is secured ...
Page lviii
... Banking Law , which reads as follows : " The remainder of such deposits may be invested in notes , bills or other evidences of debt , the payment of which is secured by the deposit with the bank of collateral security consisting of ...
... Banking Law , which reads as follows : " The remainder of such deposits may be invested in notes , bills or other evidences of debt , the payment of which is secured by the deposit with the bank of collateral security consisting of ...
Page xcviii
... notes . 1,165,172 00 857,462 00 nickels and 78,966 00 74,901 36 75,926 90 ... notes outstanding . Due to other national banks . Due to state banks ... bills rediscounted . 17,500 00 54.132 25 115,190 00 Bills payable 71,229 25 ...
... notes . 1,165,172 00 857,462 00 nickels and 78,966 00 74,901 36 75,926 90 ... notes outstanding . Due to other national banks . Due to state banks ... bills rediscounted . 17,500 00 54.132 25 115,190 00 Bills payable 71,229 25 ...
Page ci
... notes . 2,172,666 00 3,057,745 00 3,522,268 00 3,135,421 80 3,667,905 00 ... notes outstanding . 1,850,920 00 1,859,100 00 1,852,700 00 1,954,100 00 ... bills rediscounted . Bills payable Liabilities other than those above stated ...
... notes . 2,172,666 00 3,057,745 00 3,522,268 00 3,135,421 80 3,667,905 00 ... notes outstanding . 1,850,920 00 1,859,100 00 1,852,700 00 1,954,100 00 ... bills rediscounted . Bills payable Liabilities other than those above stated ...
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Common terms and phrases
00 Furniture 00 Gold coin 00 Nickels 00 Other real 00 rent expenses 00 Savings department 00 Silver coin 00 Surplus fund 00 Undivided profits Assistant Cashier banks and bankers banks in reserve bills rediscounted Bills bonds to secure Capital stock paid Cashier's checks outstanding certificates of deposit Certified checks clearing house Commercial deposits subject Dividends unpaid Due from banks Due to banks exceeding earnings Exchanges for clearing Furniture and fixtures interest and taxes Items in transit June 14 less losses Liabilities Loans and discounts monies on deposit mortgages and securities National bank currency Nickels and cents Notes and bills Overdrafts real estate rediscounted Bills payable Report of Apr Report of Dec Report of June Report of Report Report of Sept reserve cities Reserved for taxes Resources Savings certificates secure U. S. deposits subject to check U. S. and National U. S. treasurer United States bonds Vice President
Popular passages
Page xxvii - 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.
Page xxxv - ... with the concurrence of the Attorney General, to institute proceedings for the appointment of a receiver to wind up the affairs of the bank.
Page xlv - 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 liabilities of the several members thereof...
Page lv - ... persons holding stock as executors, administrators, guardians or trustees, and persons holding stock as collateral security, shall not be personally liable as stockholders, but the assets and funds in their hands constituting the trust shall be liable to the same extent as the testator, intestate, ward or person interested in such trust funds would be, if living or competent to act; and the person pledging such stock shall be deemed the stockholder and liable under this section.
Page lii - person' may extend and be applied to bodies politic and corporate as well as to individuals.
Page lxvii - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Page xxxi - 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...
Page xxxii - ... (b) In the public debt or bonds of any city, county, town- city, county, ete. ship, village or school district of any state or territory in the United States, which shall have been authorized by the legislature of such state or territory: Provided, The total Proviso M to indebtedness of such municipality does not exceed five per'nc cent of its assessed valuation...
Page lv - Such liability may be enforced in a suit at law or in equity by any such bank in process of liquidation, or by any receiver, or other officer succeeding to the legal rights of said bank.
Page lviii - ... notes, bills or other evidences of debt, the payment of which is secured by the deposit with the bank, of collateral security consisting of personal property or securities of known marketable value, worth ten per cent more than the amount so loaned and interest for the time of the loan...