Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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00 Bonds 00 Cash 00 Furniture 00 Other real 00 Overdrafts 00 Total 00 Undivided profits Assistant Cashier bank for safe Banking house Furniture banks and bankers banks in reserve bonds and certificates bonds left C. H. and checks Capital stock paid Cash in vault Cash on hand Cert certificates of deposit certificates of indebtedness Certified checks check Demand certificates checks on banks Club savings deposits Commercial deposits subject Corporate existence extended deposits book account depreciation Due from banks Due from Federal Federal Reserve bank Furniture and fixtures Individual deposits subject left with bank legal reserve Liabilities Loans and discounts moneys on deposit mortgages and securities NATIONAL BANK Overdrafts Banking house Postal savings deposits real estate Reserved for taxes Resources revenue stamps safe keeping SAVINGS BANK Savings certificates Savings deposits book Statement October Stock of Federal subject to check Surplus fund Savings trust company U. S. Bds Vice President
Popular passages
Page xxvii - 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." The Supreme Court of Pennsylvania, in the case of O'Hare v. Second National Bank
Page lvii - No bill appropriating the public money or property for local or private purposes, or providing for the incorporation of trust companies, or corporations for banking purposes, or regulating the business thereof, or amending or repealing any law providing for such incorporation or regulation shall be passed unless two-thirds of the
Page xxvii - 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: Provided, however.
Page lxiii - of them, and such payment and the receipt of acquittance of the same to whom such payment is made shall be a valid and sufficient release and discharge to said bank for all payments made on account of such deposits prior to the receipt by said bank of notice In writing not to pay such
Page xxvii - for moneys advanced including in the liabilities of the company or firm the liability of the several members thereof, except special partners, shall at no time exceed onetenth part of the amount of the capital and surplus of such bank; but the discount of billa of exchange drawn in
Page xxvii - the liabilities of the several members thereof shall at no time exceed one-tenth part of the amount of capital stock of such association actually paid in; 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 lxxiv - Every bank exercising any or all of the powers enumerated in this section shall segregate all assets held in any fiduciary capacity from the general assets of the bank, and shall keep a separate set of books and records showing In proper detail, all trans
Page lii - taking the Instrument knew him to be only an accommodation party." "Section 65. When person deemed endorser—A person placing his signature upon an instrument otherwise than as maker, drawer, or acceptor, is deemed to be an endorser unless be
Page liii - This section provides In part as follows: (b) For borrowing money on the credit of the city in a sum not to exceed eight per centum of the assessed value of all real and personal property In the city
Page xxx - may associate to establish offices of discount and deposit, to be known as commercial banks, and also to establish offices of loan and deposit to be known as savings banks, or to establish banks having departments for both classes of business," etc. "Commercial banks may allow Interest on accounts or certificates of deposit, but all