Banking Act of 1935U.S. Government Printing Office, 1935 - Banking law |
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Common terms and phrases
ALDRICH amended amount ANDERSON appointed assessment authority bank credit bankers Banking Act banking system believe board of directors bonds capital central bank chairman changes Comptroller Congress CROWLEY demand deposits Deposit Insurance Corporation depositors discount rates dollars economic Federal Deposit Insurance Federal Reserve Act Federal Reserve banks Federal Reserve Board Federal Reserve notes Federal Reserve System Finance funds gold standard Government Governor ECCLES increase insured bank interest investment issue legislation liability liquidation matter member banks membership ment MILLER monetary national banks nonmember banks O'CONNOR obligations open-market committee open-market operations percent period political present President Professor KEMMERER proposed provisions question real-estate loans Reconstruction Finance Corporation rediscount regulations reserve requirements securities Senator BULKLEY Senator BYRNES Senator COUZENS Senator GLASS Senator McADOO Senator TOWNSEND SPRAGUE statement subcommittee thing tion total deposits Treasury United WARBURG
Popular passages
Page 17 - No officer, director, or employee of any corporation or unincorporated association, no partner or employee of any partnership, and no individual, primarily engaged in the issue, flotation, underwriting, public sale, or distribution, at wholesale or retail, or through syndicate participation, of stocks, bonds, or other similar securities...
Page 17 - An Act to expedite the provision of housing in connection with national defense, and for other purposes", approved October 14, 1940, as amended, is amended by inserting before the period at the end thereof a colon and the following : "Provided further, That...
Page 182 - System and that consideration has been given to the financial history and condition of the bank, the adequacy of its capital structure, its future earnings prospects, the general character of its management, the convenience and needs of the community to be served by the bank, and whether or not its corporate powers are consistent with the purposes of the Federal Deposit Insurance Act.
Page 19 - Dividends (Sec. 5199). —The directors of any association may semiannually declare a dividend of so much of the net profits of the association as they shall judge expedient; but each association shall, before the declaration of a dividend, carry one-tenth part of its net profits of the preceding half year to its surplus fund until the same shall amount to twenty per centum of its capital stock.
Page 17 - Provided, That the provisions of this paragraph shall not prohibit national banks or State banks or trust companies (whether or not members of the Federal Reserve System) or other financial institutions or private bankers from dealing in, underwriting, purchasing, and selling investment securities to the extent permitted to national banking associations by the provisions of section 5136 of the Revised Statutes, as amended (USC, title 12, sec.
Page 11 - July 1, 1936, whenever in the judgment of the board of directors such action will reduce the risk or avert a threatened loss to the Corporation...
Page 21 - No member bank shall pay any time deposit before its maturity except upon such conditions and in accordance with such rules and regulations as may be prescribed by the said Board, or waive any requirement of notice before payment of any savings deposit except as to all savings deposits having the same requirement...
Page 168 - ... (8) Obligations of any person, copartnership, association, or corporation in the form of notes secured by not less than a like amount of bonds or notes of the United States...
Page 7 - Whenever an insured bank shall have been closed on account of inability to meet the demands of its depositors...
Page 16 - To each association whose capital exceeds three millions of dollars, sixty per centum of such capital. (SEC. 5172.) In order to furnish suitable notes for circulation, the Comptroller of the Currency shall, under the direction of the Secretary of the Treasury, cause plates and dies to be engraved, in the best manner to guard against counterfeiting and fraudulent alterations, and shall have printed therefrom, and numbered, such quantity of circulating notes, in blank, of the denominations of one dollar,...