Providing for Control and Regulation of Bank Holding Companies: Hearings Before the Committee on Banking and Currency, United States Senate, Eightieth Congress, First Session, on S. 829... May 26, June 2 and 11, 1947U.S. Government Printing Office, 1947 - 186 sider |
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Side 11
... permit to do so from the Federal Reserve Board . The Board , in turn , is authorized in its discre- tion to grant or deny such a permit . As a condition to granting of the permit the holding company is required , on behalf of itself and ...
... permit to do so from the Federal Reserve Board . The Board , in turn , is authorized in its discre- tion to grant or deny such a permit . As a condition to granting of the permit the holding company is required , on behalf of itself and ...
Side 12
... permits because it is based solely upon the voting permit . A holding company becomes subject to the law only if a voting permit is issued . But there is no mandatory requirement in the law that a holding company obtain such a permit ...
... permits because it is based solely upon the voting permit . A holding company becomes subject to the law only if a voting permit is issued . But there is no mandatory requirement in the law that a holding company obtain such a permit ...
Side 13
... permits the Board to declare a company to be a bank holding company , even though it owns less than 15 percent , or ... permit may be revoked . In that event , certain penalties affecting the banks in the holding - company system may be ...
... permits the Board to declare a company to be a bank holding company , even though it owns less than 15 percent , or ... permit may be revoked . In that event , certain penalties affecting the banks in the holding - company system may be ...
Side 14
... permit and they have in no way tried to undertake any expansion without approval . I would say that some of them have done a very good job , particu- larly in the Northwest , in two bank groups there . Senator BUCK . Are there a very ...
... permit and they have in no way tried to undertake any expansion without approval . I would say that some of them have done a very good job , particu- larly in the Northwest , in two bank groups there . Senator BUCK . Are there a very ...
Side 15
... permit from the Board , is exempted from the provisions of the Investment Company Act . It is necessary , in keeping with sound banking principles , that such a company should be required by law to adjust its affairs so as to become ...
... permit from the Board , is exempted from the provisions of the Investment Company Act . It is necessary , in keeping with sound banking principles , that such a company should be required by law to adjust its affairs so as to become ...
Vanlige uttrykk og setninger
acquire affiliates amendments American General Corp approval assets authority bank holding company Bank of America bank stocks Bankers Association Banking Act banking business BEASLEY bill branch banking Calif certificates CHAIRMAN comakers committee Comptroller Congress controlled banks Currency Deposit Insurance Corporation directors dividends ECCLES existing fact FDIC Federal Deposit Insurance Federal Reserve Act Federal Reserve Board Federal Reserve System Giannini holders Holding Company Act HUNTINGTON independent bankers Industrial Bank interest Investment Company Act Kentucky legislation loan majority member banks ment monopoly Morris Plan banks Morris Plan Corp National Bank nonbanking officers operations pany percent person president purchase purpose referred registered investment company regulation Reserve Act 12 Senator BUCK Senator CAIN Senator FLANDERS Senator ROBERTSON shareholders Shawmut Association Spokane statement Statutes stockholders subsidiary banks thereof tion TOBEY Total Transamerica trust estate Trustees United States Senate voting permit voting shares
Populære avsnitt
Side 8 - If any provision of this Act or the application of such provision to any person or circumstance shall be held invalid, the remainder of the Act and the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby.
Side 6 - That any person who shall neglect or refuse to attend and testify, or to answer any lawful inquiry, or to produce documentary evidence, if in his power to do so, in obedience to the subpoena or lawful requirement of the commission...
Side 6 - No objection to the order of the Board shall be considered by the court unless such objection shall have been urged before the Board or unless there were reasonable grounds for failure so to do.
Side 6 - If either party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court that such additional evidence is material and that there were reasonable grounds for failure to adduce such evidence in the hearing...
Side 6 - ... and any failure to obey such order of the court may be punished by such court as a contempt thereof. All process in any such case may be served in the judicial district whereof such person is an inhabitant or wherever he may be found.
Side 90 - 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.
Side 6 - Commission, on the ground that the testimony or evidence, documentary or otherwise, required of him, may tend to incriminate him or subject him to a penalty or 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...
Side 5 - Commission or any officer designated by it is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, or other records which the Commission deems relevant or material to the inquiry.
Side 6 - Board, its member, agent, or agency, there to produce evidence if so ordered, or there to give testimony touching the matter under investigation or in question ; and any failure to obey such order of the court may be punished by said court as a contempt thereof.
Side 7 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them on the same principle among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner.