Pratt's Digest of the Revised Statutes of the United States Relating to National Banks: To which is Appended Information how to Proceed in Organizing National Banks, Rules and Regulations Governing the Redemption on National Bank Notes, and Circulars Issued by the Treasury Officials of Interest to Banks

Front Cover
A.S. Pratt & Son, 1883 - Banking law - 119 pages
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

Common terms and phrases

Popular passages

Page 50 - The president shall hold his office for the current year for which the board of which he shall be a member was elected, unless he shall resign, become disqualified, or be removed...
Page 38 - To have succession for the period of twenty years from its organization, unless it is sooner dissolved according to the provisions of its articles of association, or by the act of its shareholders owning two-thirds of its stock, or unless its franchise becomes forfeited by some violation of law.
Page 39 - ... appeal to the Comptroller of the Currency, who shall cause a reappraisal to be made, which shall be final...
Page 93 - Whenever it is proved to the Secretary of the Treasury, by clear and satisfactory evidence, that any duly registered bond of the United States, bearing interest, issued for valuable consideration in pursuance of law, has been lost or destroyed, so that the same is not held by any person as his own property...
Page 42 - ... or who shall certify a check before the amount thereof shall have been regularly entered to the credit of the drawer upon the books of the bank...
Page 41 - Federal reserve bank making such deposit in the manner provided by existing law, shall be entitled to receive from the Comptroller of the Currency circulating notes in blank, registered and countersigned as provided by law, equal in amount to the par value of the bonds so deposited.
Page 42 - ... shall be fined not more than five thousand dollars, or imprisoned not more than five years, or both.
Page 42 - Provided, That the Secretary of the Treasury shall suspend the issue of such gold certificates whenever the amount of gold coin and gold bullion in the Treasury, reserved for the redemption of United States notes falls below one hundred millions of dollars...
Page 9 - 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 41 - That the national banks which shall hereafter make deposits of lawful money for the retirement in full of their circulation shall at the time of their deposit be assessed for the cost of transporting and redeeming their notes then outstanding, a sum equal to the average cost of the redemption of national-bank notes during the preceding year, and shall thereupon pay such assessment.

Bibliographic information