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" ... shall at all times have on hand, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of its notes in circulation, and of its deposits. "
The Merchants' Magazine and Commercial Review - Page 75
1864
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 864 pages
...authority to grant such request, and every bank located in such city shall at all times thereafter have on hand, in lawful money of the United States,...amount equal to at least twenty-five per centum of its deposits, as provided in Revised Statutes, sections fifty-one hundred and ninety-one and fifty-one...
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General Laws of New York: Containing All Amendments to the Close ..., Volume 3

New York (State) - 1900 - 862 pages
...redemption of circulating notes by agents. § 44. Lawful money reserve. — Every bank or individual banker shall at all times have on hand in lawful money of the United States an amount equal to at least fifteen per cent of the aggregate amount of its deposits, if its principal place of business is located...
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The Century Book of Facts: A Library of Ready Reference Embracing History ...

Henry Woldmar Ruoff - 1900 - 708 pages
...the bank. Each bank must report its condition quarterly to the Comptroller of the Currency, and must at all times have on hand in lawful money of the United States an amount equal to at least 25 per cent, of its circulation and deposits. The notes issued by the national banks are thus secured,...
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The Law of Banks and Banking: Including Acceptance, Demand and Notice of ...

John Maxcy Zane - 1900 - 866 pages
...centum of the aggregate amount of its notes in circulation and its deposits; and every other association shall at all times have on hand, in lawful money of the United States, an equal amount to at least fifteen per centum of the aggregate amounts of its notes in circulation, and...
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Ohio Corporations Other Than Municipal: As Authorized by the Old and New ...

Abraham Titus Brewer, Gustav Adolf Laubscher - 1900 - 748 pages
...business. Said companies must maintain a reserve equal to fifteen per cent of deposits. Such company shall at all times have on hand in lawful money of the United States as a reserve, an amount equal to fifteen per centum of all deposits, payable on demand or within ten...
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Appletons' Annual Cyclopaedia and Register of Important ..., Volume 5; Volume 40

1901 - 848 pages
...that every bank, banking association, corporation, or company organized under the laws of the State shall at all times have on hand in lawful money of the United States and cash due from other banks an amount equal to 25 per cent., 8 per cent, of which shall be kept at...
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Acts of the State of Ohio, Volume 95

Ohio - 1902 - 1050 pages
...to such trust property shall be kept separate and distinct from its general business. Such company shall at all times have on hand in lawful money of the United States as a reserve, an amount equal to fifteen percentum of all deposits, payable on demand or within ten...
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History of Coinage and Currency in the United States and the ..., Volume 10

Alonzo Barton Hepburn - 1903 - 692 pages
...to the interest, shall not be considered as taking or receiving a greater rate of interest. SEC. 31. That every association in the cities hereinafter named...of the United States, an amount equal to at least 25 per centum of the aggregate amount of its notes in circulation and its deposits ; and every other...
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Compiled Statutes of the United States, 1901: Embracing the ..., Volume 1

United States - 1903 - 576 pages
...authority to grant such request, and every bank located in such city shall at all times thereafter have on hand, in lawful money of the United States,...amount equal to at least twenty-five per centum of its deposits, as provided in sections fifty-one hundred and ninety-one and fifty-one hundred and ninety-five...
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Select Statutes and Other Documents Illustrative of the History of the ...

William MacDonald - 1903 - 466 pages
...of the aggregate amount of its notes in circulation and its deposits ; and every other association shall, at all times, have on hand, in lawful money of the United States, an amount equal to at least fifteen per centum of the aggregate amount of its notes in circulation, and of its deposits. And whenever...
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