Annual Report of the Commissioner of the Banking Department of the State of Michigan |
From inside the book
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Page 5
... borrowed or left for safe keeping .. 14,750 00 Commercial . 1,712 38 Savings .. 75,975 55 Cash on hand : Commercial . 24,417 89 Savings .. 30,000 00 Overdrafts . 351 11 Furniture and fixtures . 2,500 00 Other real estate .. 22,873 96 ...
... borrowed or left for safe keeping .. 14,750 00 Commercial . 1,712 38 Savings .. 75,975 55 Cash on hand : Commercial . 24,417 89 Savings .. 30,000 00 Overdrafts . 351 11 Furniture and fixtures . 2,500 00 Other real estate .. 22,873 96 ...
Page 14
... borrowed or left for safe keeping 1,300 00 Due from banks in reserve cities : Commercial ... 3,029 25 U. S. Bonds and Cert . of Ind . as legal reserve : Savings .. 10,400 00 Cash on hand : Commercial . 1,258 56 Savings .. 2,000 00 ...
... borrowed or left for safe keeping 1,300 00 Due from banks in reserve cities : Commercial ... 3,029 25 U. S. Bonds and Cert . of Ind . as legal reserve : Savings .. 10,400 00 Cash on hand : Commercial . 1,258 56 Savings .. 2,000 00 ...
Page 19
... borrowed or left for safe keeping . Other liabilities ... 7,050 00 9,000 00 reserve : Savings . 23,100 00 Exchange for clearing house and checks on banks in same place : Commercial ... 5,419 33 Cash on hand : Commercial . 9,762 37 ...
... borrowed or left for safe keeping . Other liabilities ... 7,050 00 9,000 00 reserve : Savings . 23,100 00 Exchange for clearing house and checks on banks in same place : Commercial ... 5,419 33 Cash on hand : Commercial . 9,762 37 ...
Page 21
... borrowed or left for safe keeping .. 34,966 03 2,350 00 reserve : Savings . 2,350 00 Cash on hand : Commercial . 1,589 39 Savings . 2,250 00 Overdrafts . 480 30 Expenses , interest and taxes paid ex- ceeding earnings . 314 43 Banking ...
... borrowed or left for safe keeping .. 34,966 03 2,350 00 reserve : Savings . 2,350 00 Cash on hand : Commercial . 1,589 39 Savings . 2,250 00 Overdrafts . 480 30 Expenses , interest and taxes paid ex- ceeding earnings . 314 43 Banking ...
Page 23
... borrowed or left for safe keeping .. 38,800 00 Cash on hand : Commercial . Savings .. 178,753 43 Overdrafts . Banking house . Furniture and fixtures . Other real estate ... 10,058 14 564 04 160,065 95 48,862 37 54,830 21 Due from banks ...
... borrowed or left for safe keeping .. 38,800 00 Cash on hand : Commercial . Savings .. 178,753 43 Overdrafts . Banking house . Furniture and fixtures . Other real estate ... 10,058 14 564 04 160,065 95 48,862 37 54,830 21 Due from banks ...
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Common terms and phrases
00 Bonds borrowed 00 Cash 00 Commercial deposits 00 Furniture 00 Other real 00 Overdrafts 00 Total 00 U. S. bonds 00 Undivided profits Assistant Cashier banks and bankers banks in reserve Bonds and Cert borrowed or left Capital stock paid cash items Cash on hand Cashier's checks certificates of deposit certificates of indebted Certified checks checks on banks clearing house Club savings deposits Commercial deposits subject Corporate existence extended deposits book account Dividends unpaid Due from banks Due from Federal Exchange for clearing Federal Reserve bank Furniture and fixtures house and checks Individual deposits subject left for safe legal reserve Liabilities Loans and discounts moneys on deposit mortgages and securities NATIONAL BANK Postal savings deposits real estate reserve cities reserve with Federal Reserved for taxes safe keeping SAVINGS BANK Savings deposits book securities and stocks Statement September 28 Stock of Federal subject to check 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