Trust Companies, Volume 18

Front Cover
Trust Companies Pub. Association, 1914
 

Contents

Some Trust Company Problems
41
Legal Discussion and Decisions
49
Marked Improvement in Bond Market
55
New York Bank and Trust Company Stocks in 1913
61
The Federal Reserve
74
New York Banks Prepare to Meet Federal Reserve Bank Requirements
76
ChicagoThe Middle West and the New Reserve Bank System
88
ClevelandA Bright Spot on the
94
Entered at the New York Post Office as Second Class Mail Matter
99
Preventing Credit Inflation Under Federal Reserve Bank System
105
A Revised System of Bookkeeping for the Trust Department
111
Responsibilities of the New Federal Reserve Board
117
To Inflict Deposit Guaranty Scheme on National Ranks
123
How Trust Companies Handle and Solve Income Tax Problems
129
Development of Principles of Federal and State Taxation
135
Guaranty Trust Company of New York Establishes Liberal Pension System
142
Legal Discussion and Decisions
148
Owen Bill to Regulate Stock Exchanges
154
NationWide Business ExpansionFundamental or Transient?
160
Special Correspondence from Leading Cities including Philadelphia Boston Chicago St Louis
168
LINCOLN TRUST
172
Special Directory of Collection Banks and Trust Companies
185
54
188
March 1914 Number Three
189
Is a Central Bank Inevitable?A Foreign Criticism of the Federal Reserve Act
195
Suppressing Unwarranted and Illegitimate Promotion of New Banks
204
Proposed Amendments to Federal Reserve Act Relating to Trust Companies
215
Athletic Activities Among Bank and Trust Company Employees Illustrated
221
Minnesota Loan Trust Company Appointed Steward of Dunwoody Bequests
227
Legal Discussion and Decisions
233

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Common terms and phrases

Popular passages

Page 3 - To grant by special permit to national banks applying therefor, when not in contravention of State or local law...
Page 34 - Corporation is authorized to make such expenditures and to enter into such contracts, agreements, and arrangements, upon such terms and conditions and in such manner as it may deem necessary...
Page 119 - To discount and negotiate promissory notes, drafts, bills of exchange and other evidences of debt; buy and sell exchange, coin and bullion ; lend money on real or personal...
Page 300 - Nothing in this Act contained shall be construed to prohibit such notes, drafts, and bills of exchange, secured by staple agricultural products, or other goods, wares, or merchandise from being eligible for such discount...
Page 108 - The principle we are discussing has its limitation, a limitation growing out of the necessity on which the principle itself is founded. That limitation is, that the agencies of the Federal government are only exempted from State legislation, so far as that legislation may interfere with, or impair their efficiency in performing the functions by which they are designed to serve that government.
Page 300 - Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions; that is, notes, drafts, and bills of exchange issued or drawn for agricultural, industrial, or commercial purposes, or the proceeds of which have been used, or are to be used, for such purposes...
Page 150 - The name that is given to the law indicates the evil at which it is aimed; that is, to use the language of a cited case, 'speculative schemes which have no more basis than so many feet of "blue sky," ' or, as stated by counsel in another case, 'to stop the sale of stock in flyby-night concerns, visionary oil wells, distant gold mines, and other like fraudulent exploitations.
Page 388 - Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than six months...
Page 214 - The organization of reserve districts and Federal reserve cities shall not be construed as changing the present status of reserve cities and central reserve cities, except in so far as this Act changes the amount of reserves that may be carried with approved reserve agents located therein. The organization committee shall have power to appoint such assistants and incur such expenses in carrying out the provisions of this Act as it shall deem necessary, and such...
Page 186 - That from and after two years from the date of the approval of this Act no person shall at the same time be a director or other officer or employee of more than one bank, banking association or trust company, organized or operating under the laws of the United States, either of which has deposits, capital, surplus, and undivided profits aggregating more than $5,000,000...

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