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" ... shall have been closed on account of inability to meet the demands of its depositors. "
Study of Banking Laws, Hearing Before ..., 84:2 .... - Page 238
by United States. Congress. Senate. Committee on Banking and Currency - 1956
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Banking Act of 1935

United States. Congress. Senate. Committee on Banking and Currency - Banking law - 1935 - 1050 pages
...closed banks. — The 1)111 would change in several respects the procedure to be followed in the event an insured bank is closed on account of inability to meet the demands of its depositors. It would permit the Corporation to pay insured depositors (1) by making deposits to their account in...
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Banking Act of 1935: Hearings Before a Subcommittee of the Committee on ...

United States. Congress. Senate. Committee on Banking and Currency - Banks and banking - 1935 - 1048 pages
...obligations of an insured bank for tie period of two years from such termination and in the event of being closed on account of inability to meet the demands of its depositors within such period of two years, the Corporation shall have the same powers and rights with respect...
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The Code of Federal Regulations of the United States of America ..., Book 2

Administrative law - 1939 - 1520 pages
...receiver for any insured national bank, or any insured state bank in the District of Columbia, which is closed on account of inability to meet the demands of its depositors, the details of liquidation of such institutions are left to that Corporation as receiver, and the forms...
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United States Code, Volume 2

United States - Law - 1988 - 1350 pages
...banking association organized by the Corporation to assume the insured deposite of an insured bank closed on account of inability to meet the demands of its depositors and otherwise to perform temporarily the functions prescribed in this chapter.ordinary banking business...
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Official Congressional Directory

United States. Congress - 1948 - 944 pages
...of its depositors. In addition, it is authorized to act as receiver of any insured State bank which is closed on account of inability to meet the demands of its depositors, if an appointment as receiver is extended by the authority having supervision of such bank, and is authorized...
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Inquiry Into the Operation of the Reconstruction Finance Corporation and Its ...

United States. Congress. Senate. Committee on Banking and Currency - 1948 - 650 pages
...purcha.se and liquidate or sell any part of the assets of an insured bank which is now or may hereafter be closed on account of inability to meet the demands of its depositors, but in any case in which the Corporation is acting as receiver of a closed insured bank, no such loan...
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Inquiry Into the Operation of the Reconstruction Finance Corporation and Its ...

United States. Congress. Senate. Banking and Currency Committe - 1948 - 654 pages
...purchase and liquidate or sell any part of the assets of an insured bank which is now or may hereafter be closed on account of inability to meet the demands of its depositors, but ¡n any case in which the Corporation is acting as receiver of a closed insured bank, no such loan...
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Code of Federal Regulations: Containing a Codification of Documents of ...

Administrative law - 1959 - 732 pages
...receiver for any insured national bank, or any insured state bank in the District of Columbia, which is closed on account of inability to meet the demands of its depositors, the details of liquidation of such institutions are left to that Corporation as receiver, and the forms...
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The Code of Federal Regulations of the United States of America

Administrative law - 1989 - 614 pages
...purposes as if the interest of such participant had fully vested as of the date the insured bank was closed on account of inability to meet the demands of its depositors. (2) In connection with any trust in which certain trust interests are not capable of evaluation in...
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Amendments to Federal Deposit Insurance Act, 1950: Hearings Before the ...

United States. Congress. House. Committee on Banking and Currency - Deposit insurance - 1950 - 204 pages
...banking association organized by the Corporation to assume the insured deposits of an insured bank closed on account of inability to meet the demands of its depositors and otherwise to perform temporarily the functions prescribed in this Act. "(j) The term 'receiver'...
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