Annual Report of the Commissioner of the Banking Department of the State of Michigan |
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Page xlv
... Deposit and Security Company Law , we would appreciate your opinion as to whether or not a trust company has the right to issue certificates of deposit ; and whether or not such certi- ficates of deposit must be restricted as evidencing ...
... Deposit and Security Company Law , we would appreciate your opinion as to whether or not a trust company has the right to issue certificates of deposit ; and whether or not such certi- ficates of deposit must be restricted as evidencing ...
Page xlvi
... certificates of deposit is not the issuing of bills to circulate as money or buying or selling of exchange ; the question therefore resolves itself into whether the issuing of such certificates is doing a general banking business as to ...
... certificates of deposit is not the issuing of bills to circulate as money or buying or selling of exchange ; the question therefore resolves itself into whether the issuing of such certificates is doing a general banking business as to ...
Page xlvii
... certificates of deposit , which were negotiated at the Bank of Saginaw , and the bank brought its action in the United States Circuit Court in Pennsylvania to recover The certificates issued by the trust company were in form as follows ...
... certificates of deposit , which were negotiated at the Bank of Saginaw , and the bank brought its action in the United States Circuit Court in Pennsylvania to recover The certificates issued by the trust company were in form as follows ...
Page 8
... deposits subject to check 221,441 51 Due from banks in reserve cities : Demand certificates of deposit 26 00 Commercial . 28,164 90 Certified checks . 368 90 Savings 37 71 Cashier's checks . 1.464 45 U. S. Bds . and Cert . of Ind . as ...
... deposits subject to check 221,441 51 Due from banks in reserve cities : Demand certificates of deposit 26 00 Commercial . 28,164 90 Certified checks . 368 90 Savings 37 71 Cashier's checks . 1.464 45 U. S. Bds . and Cert . of Ind . as ...
Page 12
... deposit . Commercial .. 12,515 75 Postal savings deposits . $ 50,000 00 2,058 61 Savings . 53,014 04 Savings deposits ( book account ) 1.937,909 37 Exchange for clearing house and checks on banks in same place : Savings certificates of ...
... deposit . Commercial .. 12,515 75 Postal savings deposits . $ 50,000 00 2,058 61 Savings . 53,014 04 Savings deposits ( book account ) 1.937,909 37 Exchange for clearing house and checks on banks in same place : Savings certificates of ...
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Common terms and phrases
00 Bonds borrowed 00 Cash 00 Commercial deposits 00 Furniture 00 Other real 00 Outside checks 00 Overdrafts 00 Savings deposits 00 Total resources 00 Undivided profits Assistant Cashier Banking Law banks and bankers banks in reserve bills rediscounted Bonds and Cert borrowed or left Capital stock paid cash items Cash on hand certificates of deposit Certified checks Chas checks on banks clearing house Commercial deposits subject deposits book account Due from banks Due from Federal Due from U. S. Exchange for clearing Federal Reserve bank Furniture and fixtures house and checks left for safe legal reserve Loans and discounts moneys on deposit mortgages and securities NATIONAL BANK Notes and bills Postal savings deposits real estate reserve cities reserve with Federal Reserved for taxes safe keeping Savings deposits book securities and stocks Statement September Stock of Federal subject to check Total liabilities U. S. Bds U. S. Treasurer Vice President
Popular passages
Page lix - to carry on the business of banking by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debts, by receiving deposits, by buying and selling exchange coin and bullion, and by loaning money on personal and real security as provided hereinafter." In reply thereto would say that the general powers of
Page xxix - to destroy the force and effect of the limitation itself. The exceptions to which I refer relate to the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper, actually owned hy the person negotiating the same, and which, in my opinion, should
Page xlviii - To elect or appoint directors • * *" "Sixth. To prescribe by Its board of directors, by-laws not> Inconsistent with law, regulating the manner in which its stock shall be transferred. Its directors and officers elected or appointed. Its stockholders convened for special meetings, its property transferred, Its general business conducted and the privileges granted to It by law
Page lv - which shall not exceed 50% of its paid in capital •«•••• "A National Banking Association may purchase, hold and convey real estate for the following purposes and for no others: First, such as shall be necessary for its immediate accommodation in the transaction of its business. * * * *" Under this provision of the National Banking Law. the
Page lxix - shall not be in excess of one-tenth part of the amount of its capital and surplus that this limitation does not apply to the discount of bills of exchange drawn in good faith against actual existing values. 'From the information which we received from a representative of your Department! it appears that a bank acceptance
Page xxx - the position of the parties as they appear on the paper. The borrower may be the maker or the endorser. Pratt's Digest, 94. Our statute provides that In the discount of commercial or business paper actually owned by the person negotiating
Page xxxvii - paper actually owned by the person negotiating the same shall not be considered as money borrowed : * • • Provided, however, That by a two-thirds vote of directors, the liabilities to any bank of any person or company or corporation or linn may be increased to a sum not
Page xlii - real estate, or Judgments, or decrees In its favor, or deposits of money, bills or other valuable things for its use. or for the use of its stockholders or creditors, all payments of money either after the commission of an act of insolvency, or in contemplation thereof,
Page lix - To exercise by its board of directors or duly authorized officers or agents, subject to law. all such power as shall he necessary to carry on the business of banking by
Page liv - of the Compiled Laws of 1897 enter into a lease of the nature Indicated. This section provides, In part, as follows : "A bank may purchase, hold and convey real estate for the following purposes, but no other: First, such as shall be necessary for the convenient transaction of its business, including