Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page lxii
Michigan. Banking Division. COMPARATIVE ABSTRACTS ( STATE BANKS ) . Comparative abstracts , giving the volume of business as shown by the last reports of Michi- gan State banks ... Due from banks in reserve cities .. 5,182,241 12 5,712,028 27 ...
Michigan. Banking Division. COMPARATIVE ABSTRACTS ( STATE BANKS ) . Comparative abstracts , giving the volume of business as shown by the last reports of Michi- gan State banks ... Due from banks in reserve cities .. 5,182,241 12 5,712,028 27 ...
Page lxx
... Banking house . 5,137,857 60 5,248,814 12 5,338,014 72 Furniture and fixtures . 5,435,550 46 5,495,884 72 Other real estate . 1,488,981 48 1,452,338 65 1,462,853 96 Due from other banks and bankers 1,455,103 36 1,457,973 02 ( not ...
... Banking house . 5,137,857 60 5,248,814 12 5,338,014 72 Furniture and fixtures . 5,435,550 46 5,495,884 72 Other real estate . 1,488,981 48 1,452,338 65 1,462,853 96 Due from other banks and bankers 1,455,103 36 1,457,973 02 ( not ...
Page lxxi
... Due from national banks ( not reserve ] agents ) . 280,814 05 279,954 95 308,722 17 298,384 39 285,810 50 3,573,839 51 3,806,622 16 3,931,565 96 4,661,059 15 4,771,616 74 Due from state banks and bankers ... 2,721,035 46 2,644,735 79 ...
... Due from national banks ( not reserve ] agents ) . 280,814 05 279,954 95 308,722 17 298,384 39 285,810 50 3,573,839 51 3,806,622 16 3,931,565 96 4,661,059 15 4,771,616 74 Due from state banks and bankers ... 2,721,035 46 2,644,735 79 ...
Page lxxii
... Due from other banks and bankers ... 8,279,156 49 8,899,999 68 8,530,845 17 9,219,683 27 10,156,404 62 Due from banks in reserve cities . 47,382,633 95 47,407,486 36 46,238,534 88 47,894,494 78 47,457,410 47 Checks and other cash items ...
... Due from other banks and bankers ... 8,279,156 49 8,899,999 68 8,530,845 17 9,219,683 27 10,156,404 62 Due from banks in reserve cities . 47,382,633 95 47,407,486 36 46,238,534 88 47,894,494 78 47,457,410 47 Checks and other cash items ...
Page lxxiii
... Due from banks in reserve cities . 12,210,085 36 12,820,564 27 12,031,773 60 12,318,545 01 12,048,722 02 Exchanges for clearing house . 741,299 73 635,748 75 829,216 87 978,307 28 907,629 98 U. S. and national bank currency .. 2,596,353 ...
... Due from banks in reserve cities . 12,210,085 36 12,820,564 27 12,031,773 60 12,318,545 01 12,048,722 02 Exchanges for clearing house . 741,299 73 635,748 75 829,216 87 978,307 28 907,629 98 U. S. and national bank currency .. 2,596,353 ...
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Common terms and phrases
00 Furniture 00 Gold coin 00 Other real 00 penses 00 Silver coin 00 Surplus fund 00 Undivided profits April 28 Assistant Cashier bankers not reserve banks and bankers banks in reserve bonds to secure Capital stock paid cash items Cashier's checks outstanding certificates of deposit Certified checks Checks and cash clearing house Commercial certificates Commercial deposits subject Dividends unpaid Due from banks Due to banks Exchanges for clearing Furniture and fixtures interest and taxes Items in transit June 23 less current ex Liabilities Loans and discounts mortgages and securities National bank currency Nickels and cents Notes and bills Overdrafts paid on bonds real estate Report of April Report of Feb Report of June Report of Nov Report of Report Report of Sept reserve cities Resources Savings certificates Savings deposits secure U. S. deposits subject to check taxes paid U. S. and National U. S. treasurer United States bonds Vice President
Popular passages
Page xxix - ... such bank ; 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 : Provided...
Page xxxvii - It becomes his duty, with the concurrence of the Attorney General, to institute proceedings for the appointment of a receiver to wind up the affairs of the bank.
Page xliv - Any man is a public officer who hath any duty concerning the public, and he is not the less a public officer where his authority is confined to narrow limits; for it is the duty of his office and the nature of that duty which make him an officer, and not the extent of his authority.
Page xxix - Lansing, Mich., May 23, 1903. Hon. George W. Moore, Commissioner of Banking, Lansing, Michigan : Dear Sir — I am in receipt of your communication of the 19th inst. referring to the General Banking Law of this State, and requesting my opinion upon the following questions : "First, How much money may the directors of a bank loan to any person, or company, or corporation, or firm, by a two-thirds vote of its board of directors?
Page xxix - That by a two-thirds vote of the directors the liabilities to any bank of any person, or company, or corporation, or firm may be increased to a sum not exceeding one-fifth of the capital and surplus of the bank.
Page xliv - The right, authority and duty, created and conferred by law, by which for a given period, either fixed by law or enduring at the pleasure of the creating power, an individual is invested with some portion of the sovereign functions of the government, to be exercised by him for the benefit, of the public.
Page xxxiii - ... for in the manner indicated. It is sufficient to say that it does not conform to the requirements of the General Ranking Law. Respectfully yours. JNO. E. BIRD. Attorney General. CERTIFICATES OP INDEBTEDNESS AS LEGAL INVESTMENTS. Lansing, Michigan, October 23, 1907. Hon. HM Zimniermann, Commissioner of the Banking Department, "Capitol," Lansing, Michigan : My Dear Sir — I am in receipt of your communication of the 16th inst.
Page xxxiv - The local authorities, on the adoption and purchase of a voting machine, may provide for the payment therefor in such manner as they may deem for the best interest of the locality and may for that purpose issue bonds, certificates of indebtedness or other obligations which shall be a charge on the city, town or village. Such bonds, certificates or other obligations may be issued with or without interest, payable at such time or times as the authorities may determine, but shall not be issued or sold...
Page xxx - In Vol. 29 of the Amer. & Eng. Ency. of Law, 2nd ed. p. 382, we find the following with respect to the limitation found in the National Banking Law: °The object of this provision of the statute was to guard National banks from the hazard of speculative loans, but it contemplated and permitted to an unlimited amount the discount of paper used and required in facilitating the transfer of property and money in the transaction of the legitimate business of the country.
Page xxix - The total liabilities to any bank or banking institution, of any person, or of any company, corporation or firm, for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the amount of the capital stock of such bank or banking institution actually paid in.