Study of Banking Laws: Legislative Recommendations of the Federal Supervisory Agencies to the Committee on Banking and Currency, United States Senate |
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... Term of office of appointive directors . 112 113 117 117 87. Comptroller of the Currency as a member of Board 118 88. Definitions__ . 119 89. Trust funds in a noninsured bank__ 120 90. Exclusion from deposit insurance of deposits of ...
... Term of office of appointive directors . 112 113 117 117 87. Comptroller of the Currency as a member of Board 118 88. Definitions__ . 119 89. Trust funds in a noninsured bank__ 120 90. Exclusion from deposit insurance of deposits of ...
Page 1
... term of five years unless sooner removed by the President , upon reasons to be communicated by him to the Senate ; and he shall receive a salary at the rate of $ 15,000 a year . Recommendation To eliminate by amendment reference to the ...
... term of five years unless sooner removed by the President , upon reasons to be communicated by him to the Senate ; and he shall receive a salary at the rate of $ 15,000 a year . Recommendation To eliminate by amendment reference to the ...
Page 3
... term " investment securities " shall mean marketable obliga- tions evidencing indebtedness of any person , copartnership , association , or corporation in the form of bonds , notes and / or debentures commonly known as investment ...
... term " investment securities " shall mean marketable obliga- tions evidencing indebtedness of any person , copartnership , association , or corporation in the form of bonds , notes and / or debentures commonly known as investment ...
Page 4
... term " affiliate " shall include holding - company affiliates as well as other affiliates , and the provisions of this section shall not apply to any affiliate ( 1 ) engaged solely in holding the bank premises of the member bank with ...
... term " affiliate " shall include holding - company affiliates as well as other affiliates , and the provisions of this section shall not apply to any affiliate ( 1 ) engaged solely in holding the bank premises of the member bank with ...
Page 7
... terms and conditions as may be lawfully agreed upon by a majority of the board of directors of each association proposing to consolidate , and be ratified and confirmed by the affirmative vote of the shareholders of each such ...
... terms and conditions as may be lawfully agreed upon by a majority of the board of directors of each association proposing to consolidate , and be ratified and confirmed by the affirmative vote of the shareholders of each such ...
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Common terms and phrases
amended 12 U. S. C. amount application appointed approval assessment assets authority Board of Directors Board of Governors bonds capital stock centum Comptroller Currency debentures deemed Deposit Insurance Act depositors director or officer dividends employee examination Federal Deposit Insurance Federal Home Loan Federal Reserve Act Federal Reserve agent Federal Reserve bank Federal Reserve notes Federal Reserve System Federal Savings fiduciary gold certificates Home Loan Bank Home Owners inserting in lieu insured bank insured institution issued liability lieu thereof loan association Loan Bank Act Loan Bank Board Loan Insurance Corporation member banks ment merger national banking association nonmember borrower obligations obsolete organization certificate paragraph of section payment prescribed provision of law Reasons receiver Recommendation An amendment regulations repeal repurchase agreements Reserve Act 12 Savings and Loan Secretary section 19 shareholders statute term thereof the language tion Title 12 Treasury United States Code violation
Popular passages
Page 24 - The shareholders of each association formed under the provisions of this act, and of each existing bank or banking association that may accept the provisions of this act, shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 5 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking...
Page 26 - ... in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Page 148 - ... means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State In which the real estate Is located, together with the credit instruments, if any, secured thereby.
Page 39 - Such receiver, under the direction of the Comptroller, shall take possession of the books, records, and assets of every description of such association, collect all debts, dues, and claims belonging to it, and, upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts, and, on a like order, may sell all the real and personal property of such association, on such terms as the court shall direct ; and may, if necessary to pay the debts of sucu association,...
Page 18 - No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its capital.
Page 28 - Whoever violates any of the provisions of this subsection shall, upon conviction, be fined not more than $5,000, or imprisoned for not more than five years, or both. (d) The term "person" as used in this section means an individual partnership, corporation or association.
Page 177 - ... be set aside. A copy of such petition shall be forthwith served upon the commission or board, and thereupon the commission or board forthwith shall certify and file in the court a transcript of the record as hereinbefore provided.
Page 91 - April 24, 1917, or certificates of indebtedness of the United States, Treasury bills of the United States, or obligations fully guaranteed both as to principal and interest by the United States...
Page 21 - ... every stockholder shall have the right to vote in person or by proxy the number of shares owned by him...