Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page ix
... June 30 , September 1 and November 10 , 1910 . The last named report will be published in the Department's annual report for the year 1911. As explained in previous reports , this plan was adopted in order that the report might be in ...
... June 30 , September 1 and November 10 , 1910 . The last named report will be published in the Department's annual report for the year 1911. As explained in previous reports , this plan was adopted in order that the report might be in ...
Page xii
... June 30 , with a reserve of 9.7 per cent . The legal reserve on savings deposits has fluctuated from 18.3 per cent ... June 1 . 453 454 The People's State Bank of Munising The Bank of Fountain . Munising . 25.000 June 1 . Fountain ...
... June 30 , with a reserve of 9.7 per cent . The legal reserve on savings deposits has fluctuated from 18.3 per cent ... June 1 . 453 454 The People's State Bank of Munising The Bank of Fountain . Munising . 25.000 June 1 . Fountain ...
Page xv
... June 2nd , 1910. At a directors ' meeting June 3rd , it was unanimously decided to place the bank in my hands , pending further investigation as to its condition . The impairment of the bank's capital by the above mentioned trans ...
... June 2nd , 1910. At a directors ' meeting June 3rd , it was unanimously decided to place the bank in my hands , pending further investigation as to its condition . The impairment of the bank's capital by the above mentioned trans ...
Page xvii
... report as to earnings and dividends on June 30 and December 31 of each year . An abstract of reports made December 31 , 1909 and June 30 , 1910 , shows that gross earnings amounted to $ 13,304,029.98 , and that there was charged out of ...
... report as to earnings and dividends on June 30 and December 31 of each year . An abstract of reports made December 31 , 1909 and June 30 , 1910 , shows that gross earnings amounted to $ 13,304,029.98 , and that there was charged out of ...
Page xxiii
... June 2 , 1910 2 , 1910 2 , 1910 Nov. 30 , 1910 COLLATERAL DEPOSIT COMPANIES . There have been organized during the. No. Date of approval . Name of company . Name of steamer . Amount bond issue . $ 190,000 12345Q 678 9 12345 Aug. Aug. 9 ...
... June 2 , 1910 2 , 1910 2 , 1910 Nov. 30 , 1910 COLLATERAL DEPOSIT COMPANIES . There have been organized during the. No. Date of approval . Name of company . Name of steamer . Amount bond issue . $ 190,000 12345Q 678 9 12345 Aug. Aug. 9 ...
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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 bonds to secure Capital stock paid cash items Cashier's checks outstanding certificates of deposit Certified checks clearing house Commercial certificates Commercial department Savings Commercial deposits subject department Savings department Due from banks Due to banks exceeding earnings Exchanges for clearing Furniture and fixtures interest and taxes Items in transit June 30 less losses Liabilities Loans and discounts monies on deposit mortgages and securities National bank currency Nickels and cents Notes and bills Report of June Report of Mar Report of Nov Report of Report reserve cities Reserved for taxes Resources Savings certificates Savings deposits secure U. S. deposits subject to check taxes paid U. S. and National U. S. treasurer United States bonds Vice President
Popular passages
Page xxxiii - 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 xli - ... 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 xxxiii - That the total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such association actually paid in...
Page xxxvii - Federal reserve bank shall transact any business except such as is incidental and necessarily preliminary to its organization until it has been authorized by the Comptroller of the Currency to commence business under the provisions of this Act.
Page xxxix - Law in section 1 provides that any number of persons, not less than five, "may associate to establish offices of discount and deposit, to be known as commercial banks, and also to establish offices of loan and dejwsit to be known as savings banks, or to establish banks having departments for both classes of business,
Page xxxiv - ... per centum of the unimpaired capital and surplus of said bank ; but this restriction shall not apply to the discount of bills of exchange drawn in good faith against actually existing values.
Page xxxviii - The local authorities, on the adoption and purchase of a voting machine, may provide for the payment therefor in such manner as they may deem for the best interest of the locality and may for that purpose issue bonds, certificates of indebtedness or other obligations which shall be a charge on the city, town or village. Such bonds, certificates or other obligations may be issued with or without interest, payable at such time or times as the authorities may determine, but shall not be issued or sold...
Page xlix - Neither the legislature nor any municipal authority shall grant or authorize extra compensation to any public officer, agent, employe or contractor after the service has been rendered or the contract entered into. Salaries of public officers, except circuit judges, shall not be increased, nor shall the salary of any public officer be decreased, after election or appointment.
Page lii - The stockholders of every bank shall be individually liable, equally and ratably, and not one for another, for the benefit of the depositors in said bank to the amount of their stock at the par value thereof, in addition to the said stock...
Page xli - ... said bank and ascertain the facts, and in case he finds such impairment or reduction of capital, he shall require such bank to make good the deficiency so appearing within sixty days after the date of such requisition.