National Bank Amendments: Hearings Before Subcommittee No.2 of the Committee on Banking and Currency, House of Representatives, Eight-sixth Congress, First Session, on H.R. 6092 and H.R. 6093. May 26 and 27, 1959United States. Congress. House. Committee on Banking and Currency. Subcommittee No. 2, United States. Congress. House. Committee on Banking and Currency U.S. Government Printing Office, 1959 - 74 pages |
From inside the book
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Page 5
... assets to and the assump- tion of its deposit liabilities by another bank , the purchase and sale agreement must also be approved by its shareholders owning two - thirds of its stock unless an emergency exists and the Comptroller of the ...
... assets to and the assump- tion of its deposit liabilities by another bank , the purchase and sale agreement must also be approved by its shareholders owning two - thirds of its stock unless an emergency exists and the Comptroller of the ...
Page 6
... assets and property of the association which he may receive under the terms hereof for the benefit of the shareholders of the association , and he may in his own name , or in the name of the association , sue and be sued and do all ...
... assets and property of the association which he may receive under the terms hereof for the benefit of the shareholders of the association , and he may in his own name , or in the name of the association , sue and be sued and do all ...
Page 10
... purpose of this section the term ' net profits ' shall mean the remainder of all earnings from current operations plus actual recoveries on loans and investments and other assets , after deducting from 10 NATIONAL BANK AMENDMENTS.
... purpose of this section the term ' net profits ' shall mean the remainder of all earnings from current operations plus actual recoveries on loans and investments and other assets , after deducting from 10 NATIONAL BANK AMENDMENTS.
Page 11
... assets , after deducting from the total thereof all current operating expenses , actual losses , accrued dividends on preferred stock , if any , and all Federal and State taxes . " SEC 23. ( a ) Section 5212 of the Revised Statutes ( 12 ...
... assets , after deducting from the total thereof all current operating expenses , actual losses , accrued dividends on preferred stock , if any , and all Federal and State taxes . " SEC 23. ( a ) Section 5212 of the Revised Statutes ( 12 ...
Page 12
... assets . There has been a very important increase in the number of applica- tions for authorization to establish branches , in capital increase pro- grams , and other transactions requiring the approval of the Comptroller . In addition ...
... assets . There has been a very important increase in the number of applica- tions for authorization to establish branches , in capital increase pro- grams , and other transactions requiring the approval of the Comptroller . In addition ...
Common terms and phrases
20 years amortized 25 percent 50 percent American Bankers Association amount apply appraised value approval assets Banking and Currency bill bond borrowing business paper actually capital and surplus capital stock Carleton G Chairman commercial or business committee covering readily marketable dairy cattle dealer Discount of commercial dividends enacted existing law Federal Deposit Insurance Federal Reserve Act Federal Reserve System GIDNEY HARRINGTON increase Industrial Building Authority installment consumer paper JENNINGS legislation loans of 20 loans secured Maine Industrial Building market value merger MOORHEAD mortgage MULTER national banking association Obligations secured Office paid PAUL BROWN percent for loans percent of capital permit national banks person negotiating proposed provisions readily marketable nonperishable real estate loans receiving association Reconstruction Finance Corporation Revised Statutes 12 section 24 secured by warehouse staples fully insured Statutes 12 U.S.C. statutory limitation tion undivided profits value for loans VANIK warehouse receipts covering Wolcott
Popular passages
Page 1 - Secretary, whose salary shall be two thousand five hundred dollars, and who shall possess the power and perform the duties attached by law to the office of Comptroller during a vacancy in such office and during...
Page 1 - ... per centum of the face amount of the notes covered by such documents shall be subject under this section to a limitation of...
Page 8 - ... every other fiduciary capacity, in the same manner and to the same extent as such rights, franchises, and interests were held or enjoyed by any...
Page 5 - ... or if no newspaper is there published, in the newspaper published nearest thereto, at which meeting the shareholders shall elect an agent, voting by ballot, in person or by proxy, each share of stock entitling the holder to one vote; and when such agent shall have received votes representing at least a majority of the stock in value and number of...
Page 8 - Currency shall be authorized and empowered to grant by special permit to national banks applying therefor, when not in contravention of State or local law, the right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, committee of estates of lunatics, or in any other fiduciary capacity...
Page 10 - Prohibited (Sec. 5204). —No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its capital.
Page 4 - That at least fifty per centum of the capital stock of every association shall be paid in before it shall be authorized to commence business...
Page 66 - If losses have at any time been sustained by any such association, equal to or exceeding its undivided profits then on hand, no dividend shall be made; and no dividend shall ever be made by any association, while it continues its banking operations, to an amount greater than its net profits then on hand, deducting therefrom its losses and bad debts.
Page 4 - State, not more than thirty miles distant, with the approval of the Comptroller of the Currency, by the vote of shareholders owning two-thirds of the stock of such association. A duly authenticated notice of the vote and of the new name or location selected shall be sent to the office of the Comptroller of the Currency, but no change of name or location shall be valid until the Comptroller shall have issued his certificate of approval of the same.
Page 8 - The capital stock of such consolidated association shall not be less than that required under existing law for the organization of a national...