Conversion Of National Banks Into State Banks

Author : United States. Congress. Senate. Committee on Banking and Currency
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.97/5 ( download)

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Download or read book Conversion of National Banks Into State Banks written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1949 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States
Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.AS/5 ( download)

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Download or read book The National-bank Act as Amended written by United States and published by . This book was released on 1904 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States
Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.25/5 ( download)

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Download or read book The National Bank Act, and Other Laws Relating to National Banks, from the Revised Statutes of the United States written by United States and published by . This book was released on 1875 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author :
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ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.17/5 ( download)

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Download or read book The national bank act, and other laws relating to national banks, from the revised statutes of the United States with amendments and additional acts written by and published by . This book was released on 1882 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on Banking and Currency
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.64/5 ( download)

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Download or read book Authority Over the Trust Powers of National Banks and National Bank Branches written by United States. Congress. House. Committee on Banking and Currency and published by . This book was released on 1962 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.72/5 ( download)

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Download or read book The National-Bank Act as Amended written by United States and published by . This book was released on 1900 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Willis S. Paine
Publisher : CreateSpace
ISBN 13 : 9781502800244
Total Pages : 262 pages
Book Rating : 4.41/5 ( download)

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Download or read book The Laws of the United States Relating to National Banks As Amended written by Willis S. Paine and published by CreateSpace. This book was released on 2014-10-13 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: An excerpt from the Introduction: The Federal Reserve Act AFTER a full discussion, Congress enacted a law entitled "An act to provide for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes." This law was approved on December 23, 1913. This statute is one of the greatest constructive laws ever approved by the Federal legislature; it may be said to change the financial map. It is no secret that before the law was adopted, not a few banks had been quietly decreasing their loans and increasing their reserves. This action increased the feeling of distrust. The adoption of the new statute gave assurance of the policy to be pursued as to cashing commercial paper and supplying a currency to meet the demands of trade. At once confidence in the ability of the banks to meet depositors' demands was restored but whatever may be the result claimed by the enthusiastic advocates of the measure, its machinery cannot be operated without competent financial engineers. The statute known as the National Bank Act (based on the laws of New York of 1838 ch. 260) gave the nation a safe form of money, which, although not legal tender, is taken everywhere. It is almost wholly preserved under the Federal Reserve Act. Certain amendments to the Revised Statutes of the United States to be found in that act, are of very material importance. The statute as to the conversion of State banks to the national banking system is modified to a slight extent. Heretofore, authority for conversion was acquired from shareholders representing two-thirds of the stock, and by implication either by vote or written consent. The amendment to section 5154, U. S. R. S., requires the vote of shareholders rep- resenting but fifty-one per cent, of the stock. Conversion, however, is only permissible when not in violation of State statutes (section 8, post). The courts have heretofore held that no authority from a State was necessary to enable a State bank to become a national banking association. Such banks are eligible to membership in the Federal reserve banks provided they possess unimpaired capital sufficient to entitle them to become national banking associations under the National Bank Act. Such member banks must submit to the regulations prescribed by the Organization Committee of the Federal Reserve Board. Section 9 provides that a State bank that may make application for the right to subscribe to the stock of the Federal reserve bank that may be organized or is to be organized in the Federal reserve district where the applicant is located, shall conform to certain sections of the Revised Statutes of the United States, One is the provision imposed upon national banks in connection with the limitation of loans (section 5200); other provisions are the purchases of or loans upon the security of its own shares (section 5201); withdrawal of capital or payment of unearned dividends (section 5204); impairment of capital (section 5205); false certification of checks (section 5208); embezzlement, false entries, etc. (section 5209); reports of conditions (section 5211); earnings of dividends (section 5212); failure to make the required reports (section 5213); and the law as to usury (section 5198)....

Author : United States
Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.8G/5 ( download)

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Download or read book The National Bank Act, and Other Laws Relating to National Banks, from the Revised Statutes of the United States ... written by United States and published by . This book was released on 1901 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. Senate. Committee on Banking and Currency
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.01/5 ( download)

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Download or read book Conversion of Federal Savings and Loan Associations to Mutual Savings Banks written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1949 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States
Publisher :
ISBN 13 :
Total Pages : 316 pages
Book Rating : 4.51/5 ( download)

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Download or read book The National-bank Act as Amended, the Federal Reserve Act, and Other Laws Relating to National Banks written by United States and published by . This book was released on 1919 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: