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" The total liabilities to any association, 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... "
Annual Report of the Commissioner of the Banking Department of the State of ... - Page xviii
by Michigan. Banking Division - 1905
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Federal Reserve Bulletin

1925 - 1024 pages
...which it is liable as indorser or guarantor or otherwise does not exceed a sum equal to 25 per centum of the amount of the capital stock of such association actually paid in and unimpaired and 25 per centum of its unimpaired surplus fund, or to one-third of its time deposits,...
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The Federal Reporter, Volume 295

1924 - 1096 pages
...company or firm the liabilities of the several members -thereof, shall at no time exceed ten per centum of the amount of the capital stock of such association, actually paid In and unimpaired, and ten per centum of Us unimpaired surplus fund." [1] The first and principal point...
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Paton's Digest: A Digest of Legal Opinions of Thomas B. Paton ..., Volume 2

Thomas Bugard Paton - 1926 - 1408 pages
...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...capital stock of such association, actually paid in and unimpaired, and one-tenth part of its unimpaired surplus fund: Provided, however. That the total...
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Consolidation of National Banking Associations

United States. Congress. Senate. Committee on Banking and Currency - 1926 - 384 pages
...borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed onetenth part of the amount of the capital stock of such associations, actually paid in and unimpaired, and one-tenth part of its unimpaired surplus fund; provided,...
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Report of the Federal Trade Commission on the Grain Trade, Volume 7

United States. Federal Trade Commission - 1926 - 502 pages
...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 associations, actually paid in and unimpaired, and one-tenth part of its unimpaired surplus fund. A...
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Consolidation of National Banking Associations, Hearing Before a ...

United States. Congress. Senate. Banking Currency Committee - 1926 - 384 pages
...borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed onetenth part of the amount of the capital stock of such associations, actually paid in and unimpaired, and one-tenth part of its unimpaired surplus fund; provided,...
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Federal Reserve Banking Practice: By H. Parker Willis ... and William H ...

Henry Parker Willis, William Howard Steiner - 1926 - 1202 pages
...company or firm the liabilities of the several members thereof, shall at no time exceed 10 per cent of the amount of the capital stock of such association, actually paid in and unimpaired, and 10 per cent of its unimpaired surplus fund: Provided, however, That (1) the discount...
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Problems in Banking, Money and Credit

John Martin Chapman, Ray Bert Westerfield - 1927 - 798 pages
...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...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...
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United States Code Annotated, Volume 12

United States - 1927 - 612 pages
...company or firm the liabilities of the several members thereof, shall at no time exceed 10 per centum of the amount of the capital stock of such association, actually paid in and unimpaired, and 10 per centum of its unimpaired surplus fund: Provided, however, That (1) the discount...
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The Banking Process

Robert Gordon Rodkey - 1928 - 384 pages
...aggregate any such loans on which it is liable as indorser or guarantor or otherwise equal to 25 per centum of the amount of the capital stock of such association actually paid in and unimpaired and 25 per centum of its unimpaired surplus fund, or to one-half of its savings deposits,...
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