Hearings, Reports and Prints of the Senate Committee on Banking and CurrencyU.S. Government Printing Office, 1956 - Banking law |
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Page 9
... interests of the bank . The present provisions of law relate back to the days of double liability on bank stock when creditors and shareholders had a legitimate interest in knowing who might be called upon in the event of financial ...
... interests of the bank . The present provisions of law relate back to the days of double liability on bank stock when creditors and shareholders had a legitimate interest in knowing who might be called upon in the event of financial ...
Page 15
... interest . Thus two agencies , the Comptroller of the Currency and the FDIC , would have to agree that the takeover and the estab lishment of the branch or branches would be necessary and desirable in the public interest . We believe ...
... interest . Thus two agencies , the Comptroller of the Currency and the FDIC , would have to agree that the takeover and the estab lishment of the branch or branches would be necessary and desirable in the public interest . We believe ...
Page 23
... interests of the said national bank so consolidated in and to every species of property , personal and mixed , and choses in action thereto belonging , shall be deemed to be transferred to and vested in such national bank into which it ...
... interests of the said national bank so consolidated in and to every species of property , personal and mixed , and choses in action thereto belonging , shall be deemed to be transferred to and vested in such national bank into which it ...
Page 62
... interest or stock , the principal purpose of which is to serve the interest of the bank or any director , officer , or employee thereof , should be prohibited . ( 4 ) Ownership of more than 5 percent of the shares of the capital stock ...
... interest or stock , the principal purpose of which is to serve the interest of the bank or any director , officer , or employee thereof , should be prohibited . ( 4 ) Ownership of more than 5 percent of the shares of the capital stock ...
Page 82
... interest to permit another bank to take over and continue the banking operations of that poor bank , as a branch ... interests of the public and banking . I think many of the States would come along with the same type of legislation . Mr ...
... interest to permit another bank to take over and continue the banking operations of that poor bank , as a branch ... interests of the public and banking . I think many of the States would come along with the same type of legislation . Mr ...
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Common terms and phrases
accounts advisory committee amended American Bankers Association amount approval assets audit authority Bank examiner Bank of Hawaii Bankers banking system bill board of directors Board of Governors branch centum chairman COBURN Commercial banks Comptroller Congress CRAVENS cumulative voting Deposit Insurance Act Deposit Insurance Corporation depositors district dividends employees Existing law FDIC Federal Credit Union Federal Deposit Insurance Federal Home Loan Federal Reserve Act Federal Reserve banks Federal Reserve Board Federal Reserve System Federal Savings funds GIDNEY GREENSIDES Home Loan Bank insured bank insured institution interest legislation liability limitation loan associations Loan Bank Act Loan Bank Board McCLOY member banks merger nonmember obligations operations paragraph payment percent permit present provisions question reason regulations reports ROGERS savings and loan Savings Bank securities Senator BUSH Senator DOUGLAS Senator ROBERTSON shareholders statute stockholders subsection thereof tion Title 12 Treasury trust United United States Code voting
Popular passages
Page 32 - The shareholders of every national banking association 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 18 - 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; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Page 43 - ... 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 such association, enforce the individual liability of the stockholders. Such receiver shall pay over all money so made to the Treasurer of the United States, subject to the order of the Comptroller, and also make report to the Comptroller of all his acts and proceedings.
Page 33 - ... 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 54 - Such obligations shall be fully and unconditionally guaranteed both as to interest and principal by the United States...
Page 364 - ... 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 117 - And the knowingly taking, receiving, reserving, or charging a rate of interest greater than aforesaid shall be held and adjudged a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Page 247 - ... no attachment, injunction, or execution, shall be issued against such association or its property before final judgment in any suit, action, or proceeding, in any State, county, or municipal court.
Page 249 - ... forfeiture ; but no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination, to testify or produce evidence, except that such individual so testifying shall not be exempt from prosecution and punishment for perjury committed in so testifying.
Page 192 - Any Federal reserve bank may make application to the local Federal reserve agent for such amount of the Federal reserve notes hereinbefore provided for as it may require. Such application shall be accompanied with a tender to the local Federal reserve agent of collateral in amount equal to the sum of the Federal reserve notes thus applied for and issued pursuant to such application. The collateral security thus offered shall be notes...