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" Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts, dividend requirements as hereinbefore provided, and the par value of the stock, shall be paid to and become the property of the United... "
Money and Banking Illustrated by American History, Rev. and Continued to the ... - Side 503
av Horace White - 1911 - 541 sider
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Cases Decided in the Court of Claims of the United States, Volum 107

United States. Court of Claims - 1947 - 806 sider
...every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes upon real estate held, purchased, or taken by said bank...
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The Federal Reporter: Cases Argued and Determined in the ..., Volumer 257-258

1919 - 2026 sider
...whether such exclusion is required by section 7 of the Federal Reserve Act, which in terms exempts Federal Reserve Banks, including the capital stock...surplus therein, and the income derived therefrom, from federal, state, and local taxation, except taxes upon real estate, and section 26 of that act,...
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Reports ... Proceedings, Volum 37

Ohio State Bar Association - 1916 - 294 sider
...every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes upon real estate held, purchased, or taken by said bank...
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Political Economy: Designed for Use in Catholic Colleges, High Schools and ...

Edmund J. Burke - 1913 - 502 sider
...surplus fund until it amounts to 40 per cent of the paid-in capital stock of the federal reserve bank. Federal reserve banks, including the capital stock...surplus therein, and the income derived therefrom, are exempt from all taxes except taxes upon real estate. The Federal Reserve Board consists of seven...
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The Operation of the New Bank Act

Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 448 sider
...to the Federal reserve bank, and the balance, if any, shall be paid to the receiver of the involvent bank. Whenever the capital stock of a Federal reserve...and local taxation, except taxes upon real estate. SF.C. 8. Section fifty-one hundred and fifty-four. TInited States Revised Statutes, is hereby amended...
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The Operation of the New Bank Act

Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 452 sider
...Currency showing such reduction of capital stock and the amount repaid to such bank. DIVISION or EABNINQS SEC. 7. After all necessary expenses of a Federal...and local taxation, except taxes upon real estate. Sr.c. 8. Section fifty-one hundred and fifty-four, United States Revised Statutes, is hereby amended...
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Money and Banking

John Thom Holdsworth - 1914 - 464 sider
...Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall bo applied to the reduction of the outstanding bonded...and local taxation, except taxes upon real estate. 8EC. 8. Section fifty-one hundred and fifty-four. United States Revised Statutes, is hereby amended...
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California Red Book: Hillyers̓ Legal Manual, 1914

Curtis Hillyer - 1914 - 1628 sider
...become the property of the United States and shall be similarly applied. Exemption from Taxation. — for the transportation of persons or property, and...relieved from the operation and requirements of this s § 8. Conversion of State Banks.— Section 5154, United States Revised Statutes, is hereby amended...
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The Federal Reserve Act: A Discussion of the Principles and Operations of ...

Clarence Walker Barron - 1914 - 232 sider
...shall be similarly applied. Federal reserve banks, including the capital stock and sur- If 55 plus therein, and the income derived therefrom shall be...Section fifty-one hundred and fifty-four, United States If 56 Revised Statutes, is hereby amended to read as follows: Any bank incorporated by special law...
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A History of Currency in the United States

Alonzo Barton Hepburn - 1915 - 580 sider
...value thereof, less any liability of such member bank to the Federal reserve bank. INSOLVENCY OF MEMBER BANK SEC. 6. If any member bank shall be declared...and local taxation, except taxes upon real estate. CONVERSION TO NATIONAL BANKING ASSOCIATION SEC. 8. Section fifty-one hundred and fifty-four, United...
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