Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page xxv
The condition as exhibited by the report of January 31 showed that the mortgage and bond invest- ments exceeded the requirements $ 21,293,817.01 . This report also shows that if it were necessary the banks of the state could have loaned ...
The condition as exhibited by the report of January 31 showed that the mortgage and bond invest- ments exceeded the requirements $ 21,293,817.01 . This report also shows that if it were necessary the banks of the state could have loaned ...
Page xliii
In reply would say that this section provides in Subdivision ( i ) that a certain proportion of the savings deposits of the bank shall be invested by the board of directors as follows : " Upon notes or bonds secured by mortgage lien ...
In reply would say that this section provides in Subdivision ( i ) that a certain proportion of the savings deposits of the bank shall be invested by the board of directors as follows : " Upon notes or bonds secured by mortgage lien ...
Page li
REAL ESTATE MORTGAGES NOT TO BE DEPOSITED WITH COLLATERAL DEPOSIT COMPANIES . ... the payment of which is secured by deposit with the bank of collateral security consisting of personal property or securities of known market- value worth ...
REAL ESTATE MORTGAGES NOT TO BE DEPOSITED WITH COLLATERAL DEPOSIT COMPANIES . ... the payment of which is secured by deposit with the bank of collateral security consisting of personal property or securities of known market- value worth ...
Page lii
Also the proviso of section 52 of the Banking Law , which is as follows : " Provided , however , That the foregoing limitations shall not apply to loans on real estate or other collateral securities duthorized by this act and deposited ...
Also the proviso of section 52 of the Banking Law , which is as follows : " Provided , however , That the foregoing limitations shall not apply to loans on real estate or other collateral securities duthorized by this act and deposited ...
Page lxxvii
193,960 00 140,280 00 508,980 00 234,980 00 98,980 00 Premiums on U. S. bonds . ... 15,326,066 47 Banking house , furniture and fixtures 2,669,886 35 Other real estate and mortgages owned Due from national banks ( not reserve agents ) .
193,960 00 140,280 00 508,980 00 234,980 00 98,980 00 Premiums on U. S. bonds . ... 15,326,066 47 Banking house , furniture and fixtures 2,669,886 35 Other real estate and mortgages owned Due from national banks ( not reserve agents ) .
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Common terms and phrases
00 Furniture 00 Gold coin 00 Other real 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 clearing house Commercial certificates Commercial department Savings Commercial deposits subject department Savings department Dividends unpaid Due from banks Due to banks exceeding earnings Exchanges for clearing Frank Furniture and fixtures interest and taxes Items in transit John June 30 less losses Liabilities Loans and discounts MICHIGAN monies on deposit mortgages and securities National bank currency National bank notes Nickels and cents Notes and bills Organized real estate Report of June Report of Mar Report of Nov Report of Report reserve cities Reserved for taxes Resources Savings Bank Savings certificates Savings deposits subject to check taxes paid U. S. and National 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.
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 | 1910 |
| Original from | the University of Michigan |
| Digitized | 27 Feb 2007 |
| Export Citation | BiBTeX EndNote RefMan |