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" States and the balance shall be paid into a surplus fund until it shall amount to 100 per centum of the subscribed capital stock of such bank and that thereafter 10 per centum of such earnings shall be paid into the surplus. "
To Aid in the Marketing of the Debentures and Other Obligations of the ... - Page 5
by United States. Congress. Senate. Banking an Currency Committee, United States. Congress. House. Committee on Banking and Currency - 1932 - 53 pages
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Congressional Serial Set

United States - 1919 - 460 pages
...earnings shall be paid to the United States as a franchise tax, except that one-half of such net earninys shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in caintal stock of such bank," be amended to read as follows: "After...
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The ABC of the Federal Reserve System

Edwin Walter Kemmerer - Federal Reserve banks - 1920 - 230 pages
...earnings, including those for the year ending December thirty-first, nineteen hundred and eighteen, shall be paid into a surplus fund until it shall amount to one hundred per centum of the subscribed capital stock of such bank, and that thereafter ten per centum...
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The Federal Statutes Annotated: Containing All the Laws of the ..., Volume 2

United States - Law - 1920 - 1054 pages
...earnings, including those for the year ending December thirty-first, nineteen hundred and eighteen, shall be paid into a surplus fund until it shall amount to one hundred per centum of the subscribed capital stock of such bank, and that thereafter ten per centum...
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Rural Credits: Hearings Before the Committee on Banking and Currency, United ...

United States. Congress. Senate. Committee on Banking and Currency - Agricultural credit - 1922 - 418 pages
...After the full amount of the franchise tax shall have been paid to the United States the balance of the net earnings shall be paid into a surplus fund until it shall amount to 100 per centum of subscribed capital, and thereafter when net earnings exceed 12 per centum, such excess shall go to...
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Rural Credits: Hearings Before the Committee on Banking and Currency, United ...

United States. Congress. Senate. Committee on Banking and Currency - Agricultural credit - 1922 - 418 pages
...After the full amount of the franchise tax shall have been paid to the United States the balance of the net earnings shall be paid into a surplus fund until it shall amount to 100 per centum of subscribed capital, and thereafter when net earnings exceed 12 per centum, such excess shall go to...
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Distribution of Profits of Federal Reserve Banks: Hearings Before ... on ...

United States Congress. House. Banking and Currency Committee - 1922 - 18 pages
...dividend shall be. cumulative. After the aforesaid dividend claims have been fully met, the whole of the net earnings shall be paid into a surplus fund until it shall amount to 100 per cent of the subscribed capital of such bank, and thereafter 10 per centum of such net earnings shall...
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Annual Report, Volume 8

Board of Governors of the Federal Reserve System (U.S.) - Banks and banking - 1922 - 740 pages
...earnings, including those for the year ending December thirtyfirst, nineteen hundred and eighteen, shall be paid into a surplus fund until it shall amount to one hundred per centum of the subscribed capital stock of such bank, and that thereafter ten per centum...
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The Agricultural Credits Act and Amendments to Farm Loan Act and Federal ...

United States - Agricultural credit - 1926 - 34 pages
...be divided into equal parts and one-half thereof shall be paid to the United States and the balance shall be paid into a surplus fund until it shall amount...centum of the subscribed capital stock of such bank and that thereafter 10 per centum of such earnings shall be paid into the surplus. After the aforesaid...
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Rural Credits: Hearings ... Sixty-seventh Congress ... on the Bills S.4280 ...

United States. Congress. House. Committee on Banking and Currency - Agricultural credit - 1923 - 222 pages
...be divided into equal parts and one-half thereof shall be paid to the United States and the balance shall be paid into a surplus fund until it shall amount...centum of the subscribed capital stock of such bank and that thereafter 10 per centum of such earnings shall be paid into the surplus. After the aforesaid...
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Rural Credits: Hearings Before the Committee on Banking and Currency, House ...

United States. Congress. House. Committee on Banking and Currency - Agricultural credit - 1923 - 120 pages
...franchise tax shall have been paid to the United States the balance of the net earnings of any year shall be paid into a surplus fund until it shall amount to 100 per centum of susbcrlbed capital, and thereafter when net earnings in any year exceed 12 per centum an extra dividend...
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