Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page xxix
... certificate of authority to engage in the business of banking is issued by such Commissioner . When the statute is ... bonds " were synonymous and that an issue of bonds , in order to be a proper investment for savings banks under this ...
... certificate of authority to engage in the business of banking is issued by such Commissioner . When the statute is ... bonds " were synonymous and that an issue of bonds , in order to be a proper investment for savings banks under this ...
Page 8
... Certified checks . 3,145 91 Savings . 23,454 98 Cashier's checks . 6,546 37 U. S. Bonds and Cert . of Ind . as legal Savings deposits ( book account ) . reserve : Savings certificates of deposit .. 182,097 50 198,075 68 Savings . 55,500 ...
... Certified checks . 3,145 91 Savings . 23,454 98 Cashier's checks . 6,546 37 U. S. Bonds and Cert . of Ind . as legal Savings deposits ( book account ) . reserve : Savings certificates of deposit .. 182,097 50 198,075 68 Savings . 55,500 ...
Page 10
... Certified checks ... 1 00 Savings . 36,586 46 Cashier's checks .. U. S. Bonds and Cert . of Ind . as legal reserve : Savings . 31,450 00 Exchange for clearing house and checks on banks in same place : Commercial .. 2,935 92 Overdrafts ...
... Certified checks ... 1 00 Savings . 36,586 46 Cashier's checks .. U. S. Bonds and Cert . of Ind . as legal reserve : Savings . 31,450 00 Exchange for clearing house and checks on banks in same place : Commercial .. 2,935 92 Overdrafts ...
Page 11
... Bonds and Cert . of Ind . as legal Savings deposits ( book account ) . 23,319 77 reserve : Savings certificates of deposit .. 10,219 29 Savings .. 4,600 00 Bonds borrowed or left for safe keeping 10,850 00 Cash on hand : Commercial ...
... Bonds and Cert . of Ind . as legal Savings deposits ( book account ) . 23,319 77 reserve : Savings certificates of deposit .. 10,219 29 Savings .. 4,600 00 Bonds borrowed or left for safe keeping 10,850 00 Cash on hand : Commercial ...
Page 19
... certificates of deposit .. 143,042 08 Savings .. 28,501 00 U. S. Bonds and Cert . of Ind . as legal Bonds borrowed or left for safe keeping Other liabilities .. 7,050 00 9,000 00 reserve : Savings .. 23,100 00 Exchange for clearing ...
... certificates of deposit .. 143,042 08 Savings .. 28,501 00 U. S. Bonds and Cert . of Ind . as legal Bonds borrowed or left for safe keeping Other liabilities .. 7,050 00 9,000 00 reserve : Savings .. 23,100 00 Exchange for clearing ...
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Common terms and phrases
00 Cash 00 Commercial 00 Furniture 00 Other real 00 Overdrafts 00 Savings 00 U. S. bonds assets Assistant Cashier authority Banking house banks and bankers banks in reserve Bonds and Cert Bonds borrowed borrowed or left Capital stock paid cash items Cash on hand Cashier's checks certificates of deposit certificates of indebted Certified checks Chas clearing house Commercial deposits subject Commissioner Demand certificates deposits book account directors Dividends unpaid Due from banks Due from Federal Exchange for clearing Federal Reserve bank Frank Furniture and fixtures house and checks interest John left for safe Liabilities Loans and discounts Michigan moneys on deposit mortgages and securities NATIONAL BANK notes Organized provisions real estate reserve cities Reserved for taxes Resources safe keeping SAVINGS BANK Savings certificates Savings deposits book Statement September 28 Stock of Federal subject to check Surplus fund trust company Vice President
Popular passages
Page xxvii - to destroy the force and effect of the limitation Itself. The exceptions to which I refer relate to 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, and which. In my opinion, should he strictly construed
Page lv - shall be necessary to carry on the business of banking by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debts, by receiving deposits, by buying and selling exchange coin and bullion, and by loaning money on personal and real security as provided hereinafter." These are the usual powers granted to hanks in carrying on a
Page xlii - All such powers as shall be necessary to carry on the business of banking by discounting and negotiating promissory notes, drafts, bills of exchange or other evidences of debt, by If a trust company sought to exercise all or
Page lv - Attention is particularly directed to the seventh subdivision of this section, reading as follows: "To exercise by its board of directors or duly authorized officers or agents, subject to law, all such power
Page xliv - Section 12 of the present law (Section 6101. 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 xxxvii - necessary for a corporation to purchase and hold, shares of stock in a state bank except as such stock might be taken in payment of debts in good faith owing to the corporation. "The word 'person' may extend and be applied to bodies politic and corporate as well as to individuals.
Page xlix - the liabilities of the company or firm, the liabilities of the several members thereof, except special partners, shall at no time exceed one-tenth part of the amount of the capital and surplus of such bank, etc." In reply thereto would say it is believed
Page xliv - not Inconsistent with law, regulating 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 enjoyed." ||Fifth. To elect or appoint directors * * *" As the certificate filed by the Wayne County Savings Bank under section
Page lvi - of Article 12 of the Constitution provides: "No general law providing—for the incorporation of trust companies or corporations for banking purposes, or regulating the business thereof, shall be adopted, amended or repealed except by a vote of two-thirds of the members elected to each house of the legislature
Page lxvi - capacity from the general assets of the bank and shall keep a separate set of books and records showing in proper detail all transactions engaged in under authority of this sub-section. Such books and records shall be open to inspection by the State authorities to the same extent as the
Bibliographic information
| Title | Annual Report of the Commissioner of the Banking Department of the State of Michigan |
| Author | Michigan. Banking Division |
| Contributor | Michigan. Banking Dept |
| Published | 1926 |
| Original from | the University of Michigan |
| Digitized | 26 Feb 2007 |
| Export Citation | BiBTeX EndNote RefMan |