Annual Report of the Commissioner of the Banking Department of the State of Michigan |
From inside the book
Page xlvii
... security consisting of personal property or securities of known market- able value worth ten per cent more than the amount so loaned and inter- est for the time of the loan ; or may be invested in notes , bills or other evidences of ...
... security consisting of personal property or securities of known market- able value worth ten per cent more than the amount so loaned and inter- est for the time of the loan ; or may be invested in notes , bills or other evidences of ...
Page xlviii
... mortgages to be taken in the name of the bank when such loans are made . We are constrained , however , to hold that the law contemplates that the bank shall hold the title to such securities . It is essential that the banking ...
... mortgages to be taken in the name of the bank when such loans are made . We are constrained , however , to hold that the law contemplates that the bank shall hold the title to such securities . It is essential that the banking ...
Page lvii
... securities , not a part of the assets of the bank , as security for deposits ... mortgages with a state department or official , in either one or all of the ... securities made with the State Auditor of Illinois could not be used ...
... securities , not a part of the assets of the bank , as security for deposits ... mortgages with a state department or official , in either one or all of the ... securities made with the State Auditor of Illinois could not be used ...
Page lix
... 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 , " in which savings deposits may lawfully be invested . This ...
... 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 , " in which savings deposits may lawfully be invested . This ...
Page ci
... Loans and discounts ... securities , etc ... 4,013,756 68 Banking honse , furniture and fixtures . 195,117 32 4,116,876 27 186,870 32 4,422,945 24 186,870 32 4,293,776 78 4,818,005 37 179,862 52 170,000 00 Other real estate and mortgages ...
... Loans and discounts ... securities , etc ... 4,013,756 68 Banking honse , furniture and fixtures . 195,117 32 4,116,876 27 186,870 32 4,422,945 24 186,870 32 4,293,776 78 4,818,005 37 179,862 52 170,000 00 Other real estate and mortgages ...
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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...