Control and Regulation of Bank Holding Companies: Hearings Before the Committee on Banking and Currency, House of Representatives, Eighty-fourth Congress, First Session, on H.R. 2674, a Bill to Provide for the Control and Regulation of Bank Holding Companies, and for Other Purposes ...U.S. Government Printing Office, 1955 - 645 pages |
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Common terms and phrases
acquired acquisition affiliated banks agency American Bankers Association assets Bank & Trust bank holding company Bank of America Bank of Italy Bank of Nevada bank stocks Bankers Association banking business banking offices banking system BELGRANO bill board of directors Board of Governors BOYLES branch banking BUSH California capital stock CHAIRMAN comakers commercial banks Company Act competition Comptroller Congress corporation Currency deposits divestment dividends Federal Reserve Board Federal Reserve System going GRIFFITHS hearings holding company affiliate HUNTINGTON Illinois independent bankers insurance company Investment Company JENKINS legislation loans MARTIN MCDONOUGH member banks mergers million Morris Plan Corp MULTER MUMMA North Dakota Northwest Bancorporation number of banks O'HARA Open Market Committee operations organized ownership pany PATMAN percent permit prohibit provisions question regulation ROBERTSON Savings Bank securities shareholders shares statement stockholders THOMSON tion Transamerica Corp vice president voting WOLCOTT
Popular passages
Page 5 - If any provision of this Act or the application of such provision to any person or circumstance shall be held invalid, the remainder of the Act and the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby.
Page 638 - ... where the effect of such acqviisition may be to substantially lessen competition between the corporation whose stock is so acquired and the corporation making the acquisition, or to restrain such commerce in any section or community, or tend to create a monopoly of any line of commerce.
Page 3 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them on the same principle among as many candidates as he shall think fit ; and such directors or managers shall not be elected in any other manner.
Page 340 - Board, provided such promissory notes are secured by such notes, drafts, bills of exchange, or bankers' acceptances as are eligible for rediscount or for purchase by Federal Reserve Banks under the provisions of this Act, or by the deposit or pledge of bonds or notes of the United States.
Page 283 - Similar authority with respect to security measures at banks would be conferred by the bill on the Federal Reserve Board, the Comptroller of the Currency and the Federal Deposit Insurance Corporation.
Page 189 - ... whether or not the effect of such acquisition or merger or consolidation would be to expand the size or extent of the bank holding company system involved beyond limits consistent with adequate and sound banking, the public interest, and the preservation of competition in the field of banking.
Page 9 - If there is distributed, in pursuance of a plan of reorganization, to a shareholder in a corporation a party to the reorganization, stock or securities in such corporation or in another corporation a party to the reorganization, without the surrender by such shareholder of stock or securities in such a corporation, no gain to the distributee from the receipt of such stock or securities shall be recognized.
Page 638 - That no corporation engaged in commerce shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of another corporation engaged also in commerce, where in any line of commerce...
Page 412 - Each director must be a citizen of the United States, and at least three-fourths of the directors must be residents of this state at the time of their election and during their continuance in office.
Page 421 - I am chairman of the Committee on Federal Legislation of the American Bankers