Instructions of the Comptroller of the Currency Relative to the Organization and Powers of National Banks
U.S. Government Printing Office, 1919 - 145 sider
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accept according adopted agent amended amount application appointed approved articles of association assets authorized bills of exchange board of directors bonds capital stock cash cashier cent certificate charter checks CHIG CHIG circulation committee Comptroller consolidation convert corporation court Currency deposits discount district dividend drafts duty election employee examiner executed exercise existence Federal reserve act Federal reserve bank Federal Reserve Board five funds given held hereby increase instructions interest invested issued less liabilities liquidation loans located majority meeting member bank national banking association necessary notes notice number of shares officers organization paid payment permit person powers prescribed president profits proxy purchase real estate receive regulations represented resolution Revised Statutes SEAL secured shareholders signatures signed Subscribed surplus thereof tion transactions transferred United unless violation vote
Side 83 - The taking, receiving, reserving, or charging a rate of interest greater than is allowed by the preceding section, when knowingly done, shall be deemed a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Side 84 - No association shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith...
Side 83 - The total liabilities to any association, of any person, or of any company, corporation, or firm for money borrowed, including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed onetenth part of the amount of the capital stock of such association actually paid in.
Side 117 - Currency shall be authorized and empowered to grant by special permit to national banks applying therefor, when not in contravention of State or local law, the right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, committee of estates of lunatics, or in any other fiduciary capacity...
Side 85 - No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion of its capital.
Side 35 - Each director, when appointed or elected. shall take an oath that he will, so far as the duty devolves on him, diligently and honestly administer the affairs of such association...
Side 128 - Upon the indorsement of any of its member banks, which shall be deemed a waiver of demand, notice and protest by such bank as to its own indorsement exclusively, any Federal reserve bank may discount notes, drafts, and bills of exchange arising out of actual commercial transactions...
Side 88 - If the directors of any national banking association shall knowingly violate, or knowingly permit any of the officers, agents, or servants of the association to violate any of the provisions of this title, all the rights, privileges, and franchises of the association shall be thereby forfeited.
Side 108 - State thereof, and principally engaged in international or foreign banking, or banking in a dependency or insular possession of the United States either directly or through the agency, ownership, or control of local institutions in foreign countries, or in such dependencies or insular possessions.