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" A bank applying for stock in a Federal reserve bank at any time after the organization thereof must subscribe for an amount of the capital stock of the Federal reserve bank equal to six per centum of the paid-up capital stock and surplus of said applicant... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page lxii
by Michigan. Banking Division - 1916
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Money and Banking Illustrated by American History, Rev. and Continued to the ...

Horace White - 1911 - 576 pages
...for an amount of the capital stock of the Federal reserve bank equal to six per centum of the paid-up capital stock and surplus of said applicant bank,...centum a month from the period of the last dividend. When the capital stock of any Federal reserve bank shall have been increased either on account of the...
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Annual Report of the Attorney General of the State of Michigan

Michigan. Attorney General's Office, Michigan. Department of Attorney General - 1914 - 906 pages
...Banks. The particular features of this Act which must be considered in determining the inquiry are as follows : 1st. Section 2 of the Act provides in part...portion of their reserve with the Federal Reserve Bank. Three main questions are presented: (First) Whether under the banking law of Michigan a State Bank...
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Money and Banking

John Thom Holdsworth - 1914 - 464 pages
...for an amount of the capital stock of the Federal reserve bank equal to six per centum of the paid-up capital stock and surplus of said applicant bank,...centum a month from the period of the last dividend. When the capital stock of any Federal reserve bank shall have been increased either on account of the...
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The Federal Reserve Act: A Discussion of the Principles and Operations of ...

Clarence Walker Barron - 1914 - 232 pages
...for an amount of the capital stock of the Federal reserve bank equal to six per centum of the paid-up capital stock and surplus of said applicant bank,...centum a month from the period of the last dividend. When the capital stock of any Federal reserve bank shall have been increased either on account of the...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 10

United States - 1914 - 962 pages
...for an amount of the capital stock of the Federal reserve bank equal to six per centum of the paid-up capital stock and surplus of said applicant bank,...centum a month from the period of the last dividend. When the capital stock of any Federal reserve bank shall have been increased either on account of the...
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California Red Book: Hillyers̓ Legal Manual, 1914

Curtis Hillyer - 1914 - 1628 pages
...for an amount of the capital stock of the federal reserve bank equal to six per centum of the paid-up capital stock and surplus of said applicant bank,...centum a month from the period of the last dividend. cause to be executed a. certificate to the Comptroller of the Currency showing the increase in capital...
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The Federal Reserve Act of 1913: History and Digest

Virginius Gilmore Iden - 1914 - 138 pages
...for an amount of the capital stock of the Federal reserve bank equal to six per centum of the paid-up capital stock and surplus of said applicant bank,...centum a month from the period of the last dividend. When the capital stock of any Federal reserve bank shall have been increased, either on account of...
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The Operation of the New Bank Act

Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 452 pages
...the Federal Reserve Board, a sum equal to its cash-paid subscriptions on the shares surrendered and one-half of one per centum a month from the period of the last dividend, not to exceed the book value thereof, less any liability of such member bank to the Federal reserve...
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A History of Currency in the United States, with a Brief Description of the ...

Alonzo Barton Hepburn - 1915 - 570 pages
...for an amount of the capital stock of the Federal reserve bank equal to six per centum of the paid-up capital stock and surplus of said applicant bank,...centum a month from the period of the last dividend. When the capital stock of any Federal reserve bank shall have been increased either on account of the...
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A History of Currency in the United States: With a Brief Description of the ...

Alonzo Barton Hepburn - 1915 - 582 pages
...for an amount of the capital stock of the Federal reserve bank equal to six per centum of the paid-up capital stock and surplus of said applicant bank,...centum a month from the period of the last dividend. When the capital stock of any Federal reserve bank shall have been increased either on account of the...
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