Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page x
... banks located in reserve cities . EXAMINATIONS . The Departments , through its examining force , has made 792 examina tions during the year 1910. Each state bank has been examined twice , except such as were organized during the last ...
... banks located in reserve cities . EXAMINATIONS . The Departments , through its examining force , has made 792 examina tions during the year 1910. Each state bank has been examined twice , except such as were organized during the last ...
Page xii
... reserve of 5.8 per cent was maintained . The low point occurred on March 29 , with a savings cash reserve of 5.16 per cent . NEW BANKS . By reference to the following table it will be seen that in the year 1910 twenty - six state banks ...
... reserve of 5.8 per cent was maintained . The low point occurred on March 29 , with a savings cash reserve of 5.16 per cent . NEW BANKS . By reference to the following table it will be seen that in the year 1910 twenty - six state banks ...
Page xv
... RESERVE CITIES . As required by Sections 24 and 27 of the banking law I hereby desig- nate for the year 1911 the following cities as reserve cities for Michigan state banks and trust companies : Detroit , Grand Rapids , Bay City ...
... RESERVE CITIES . As required by Sections 24 and 27 of the banking law I hereby desig- nate for the year 1911 the following cities as reserve cities for Michigan state banks and trust companies : Detroit , Grand Rapids , Bay City ...
Page xxvi
... reserve , must equal the amount of the sav- ings deposits , and in this regard I would again call your attention to the above table which shows that the banks ... reserve that savings banks now do , and the same au- thority should be given ...
... reserve , must equal the amount of the sav- ings deposits , and in this regard I would again call your attention to the above table which shows that the banks ... reserve that savings banks now do , and the same au- thority should be given ...
Page lxxvi
Michigan. Banking Division. STATE BANKS . 1910 . Abstracts of reports made by the State banks of Michigan to the ... reserve cities : Commercial department .. Savings department . 520,102 50 15,101,931 58 18,309,639 34 777,865 62 ...
Michigan. Banking Division. STATE BANKS . 1910 . Abstracts of reports made by the State banks of Michigan to the ... reserve cities : Commercial department .. Savings department . 520,102 50 15,101,931 58 18,309,639 34 777,865 62 ...
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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 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 Report of Sept 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.