National Bank Legislation: Hearing Before Subcommittee No. 1 of ... , 87-1 on H.R. 7796 ... S. 1771 ... , September 12, 19611961 - 25 páginas |
Términos y frases comunes
70 percent abroad aggregate amount aggregate real estate American Bankers Association authorize a foreign Bank of America Bank of Boston Banking and Currency banking practices BERGMANN bill Board of Governors branch to engage branches in foreign branches of American branches of national Brazil BRENT SPENCE business of banking Calhoun capital and surplus CARDON CHAIRMAN Committee on Banking Comptroller Congress counsel D.C. DEAR dependencies or insular enactment estate and construction estate loan limit exports farm buildings favorable Federal Deposit Insurance Federal Reserve Act Federal Reserve Board Federal Reserve System foreign banking foreign commerce foreign countries gray areas guarantee House of Representatives increase insular possessions investment JOHNSON legislation lending limitations limitations on real MALCOLM MCDONOUGH MOORHEAD national bank branches National City Bank oversea branches Philippines proposed real estate loan real estate mortgage residential and farm residential or farm REUSS savings deposits SCRANTON section 25 Thank transact business United usual in connection Washington
Pasajes populares
Página 13 - ... chartered or incorporated under the laws of the United States or of any State thereof, and principally engaged in international or foreign banking, or banking in a dependency or insular possession of the United States...
Página 13 - CHANGES IN EXISTING LAW In compliance with subsection (4) of rule XXIX of the Standing Rules of the Senate, changes in existing law made by the bill, as reported, are shown as follows (existing law proposed to be omitted is enclosed in black brackets, new matter is printed in...
Página 12 - The Committee on Banking and Currency, to whom was referred the bill (HR 6227) to provide for the control and regulation of bank holding companies, and for other purposes, having considered the same, report favorably thereon without amendment and recommend that the bill do pass.
Página 3 - ... loans made to finance the construction of residential or farm buildings and having maturities of not to exceed eighteen months, shall not be considered as loans secured by real estate within the meaning of this section but shall be classed as ordinary commercial loans whether or not secured by a mortgage or similar lien on the real estate upon which the building or buildings are being constructed: Provided, That no national banking association shall invest in, or be liable on, any such loans...
Página 15 - 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.
Página 13 - Any member bank may accept drafts or bills of exchange drawn upon it having not more than three months' sight to run, exclusive of days of grace, drawn under regulations to be prescribed by the Board of Governors of the Federal Reserve System by banks or bankers in foreign countries or dependencies or insular possessions of the United States for the purpose of furnishing dollar exchange as required by the usages of trade in the respective countries, dependencies, or insular possessions.
Página 14 - ... empowered to institute an investigation of the matter and to send for persons and papers, subpoena witnesses, and administer oaths in order to satisfy itself as to the actual nat ure of the transactions referred to.
Página 15 - States; and generally to exercise such powers as are incidental to the powers conferred by this Act or as may be usual, in the determination of the Federal Reserve Board, in connection with the transaction of the business of banking or other financial operations in the countries, colonies, dependencies, or possessions in which it shall transact business and not inconsistent with the powers specifically granted herein.
Página 12 - Such regulations shall not authorize a foreign branch to engage in the general business of producing, distributing, buying or selling goods, wares, or merchandise; nor, except to such limited extent as the Board may deem to be necessary with respect to securities issued by any -foreign state...
Página 14 - ... per centum of its paid-in capital and surplus in the stock of one or more corporations chartered or incorporated under the laws of the United States or of any State thereof and, regardless of its location, principally engaged in such phases of international or foreign financial operations as may be necessary to facilitate the export of goods, wares, or merchandise from the United States or any of its dependencies or insular possessions to any foreign country: Provided, however, That in no event...