National Banking Under the Federal Reserve SystemNational city bank of New York, 1921 - 152 pages |
From inside the book
Page 19
... real estate The inability of national banks to legally make loans upon real estate restricted their power to serve farmers and other borrowers in rural communities . IV UNDER FEDERAL RESERVE SYSTEM It is often said , and generally ...
... real estate The inability of national banks to legally make loans upon real estate restricted their power to serve farmers and other borrowers in rural communities . IV UNDER FEDERAL RESERVE SYSTEM It is often said , and generally ...
Page 35
... Real Estate SECTION 11. All transfers and conveyances of real estate shall be made by the association , under seal , in accordance with the orders of the board of directors , and shall be signed by the president or cashier . Increase of ...
... Real Estate SECTION 11. All transfers and conveyances of real estate shall be made by the association , under seal , in accordance with the orders of the board of directors , and shall be signed by the president or cashier . Increase of ...
Page 38
... real estate , except banking premises ; stocks ; loans secured by real estate , except those permitted by Sec . 24 of the Federal Reserve Act ; nor any loans in excess of 10 % of the capital stock of the national bank actually paid - in ...
... real estate , except banking premises ; stocks ; loans secured by real estate , except those permitted by Sec . 24 of the Federal Reserve Act ; nor any loans in excess of 10 % of the capital stock of the national bank actually paid - in ...
Page 60
... Real Estate — Until the passage of the Federal Reserve Act it was not lawful for a national bank to loan money on real estate . The Reserve Act , however , provided that any national bank not situated in a central reserve city ( i.e. ...
... Real Estate — Until the passage of the Federal Reserve Act it was not lawful for a national bank to loan money on real estate . The Reserve Act , however , provided that any national bank not situated in a central reserve city ( i.e. ...
Page 61
... real estate loans held by a bank may be readily classified , a statement signed by the officers making the loan and having knowledge of the facts upon which it is based , should be attached to each note secured by a first mortgage on ...
... real estate loans held by a bank may be readily classified , a statement signed by the officers making the loan and having knowledge of the facts upon which it is based , should be attached to each note secured by a first mortgage on ...
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Common terms and phrases
acceptance aggregate amended amount application appointed articles of association assets authorized bank is located bank notes bank or trust bank's capital bills of exchange board of directors bonds capital and surplus capital stock centum circulating notes Comptroller consolidation corporation organized Currency days of grace deposits discount dividend Edge Corporation election employee exclusive of days Federal Reserve Act Federal reserve agent Federal reserve bank Federal Reserve Board Federal reserve notes Federal Reserve System foreign funds gold certificates held lawful money liabilities liquidation loans member bank National Bank Act national banking association national banking system National City Bank nonmember clearing banks notes issued number of shares officer organization certificate organization committee paid payable payment period person prescribed purchase purpose real estate receive reserve city Secretary secured shareholders stock and surplus stockholders subscribe subscription thereof tion transaction Treasury trust company unimpaired capital United vote War Finance Corporation