Money, Banking, and FinanceAmerican book Company, 1903 - 336 páginas |
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Página 7
... COLLECTIONS XX . How THE RESERVE IS KEPT XXI . THE CREATION AND UTILITY OF SAVINGS BANKS XXII . THE DEPOSITORS 120 • 153 161 170 176 201 208 211 • 213 218 • 227 231 235 CHAPTER PAGE XXIII . THE LAW RELATING TO THE PAYMENT 7.
... COLLECTIONS XX . How THE RESERVE IS KEPT XXI . THE CREATION AND UTILITY OF SAVINGS BANKS XXII . THE DEPOSITORS 120 • 153 161 170 176 201 208 211 • 213 218 • 227 231 235 CHAPTER PAGE XXIII . THE LAW RELATING TO THE PAYMENT 7.
Página 15
... reserve . ― 6. Economy of issuing Substitutes in Excess of Coin kept to pay them . It will be readily seen that the use of sub- stitutes for , or representatives of , money which are con- veniently and readily redeemable or payable in ...
... reserve . ― 6. Economy of issuing Substitutes in Excess of Coin kept to pay them . It will be readily seen that the use of sub- stitutes for , or representatives of , money which are con- veniently and readily redeemable or payable in ...
Página 24
... reserve . e . National Bank Notes . The national bank notes are issued by the national bank . " Every national banking association shall take and receive at par for any debt or liability to it any and all notes or bills issued by any ...
... reserve . e . National Bank Notes . The national bank notes are issued by the national bank . " Every national banking association shall take and receive at par for any debt or liability to it any and all notes or bills issued by any ...
Página 84
... reserve or surplus fund of which the public has no knowledge - large enough to make up its losses . This is by no means an uncommon practice with banks , to create a fund unknown to the public in order to be doubly prepared for such ...
... reserve or surplus fund of which the public has no knowledge - large enough to make up its losses . This is by no means an uncommon practice with banks , to create a fund unknown to the public in order to be doubly prepared for such ...
Página 93
... reserve limitation . Every bank in a reserve city must keep at least one half of its reserve at home in cash , and every bank in a central reserve city must keep its entire reserve , or twenty - five per cent of its deposits , in cash ...
... reserve limitation . Every bank in a reserve city must keep at least one half of its reserve at home in cash , and every bank in a central reserve city must keep its entire reserve , or twenty - five per cent of its deposits , in cash ...
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Términos y frases comunes
agent amount applied authority balance bank of discount bank's bill bill of exchange bill of lading BOLLES bonds bookkeeper borrower broker by-laws capital cashier cent certificate certificate of deposit charge circulation claim clearing house clerk coin collection court creditor debt debtor demand deposit depositor directors draft drawer drawn duty examination exchange fail fund give gold holder indorser issued keep kind ledger legal tender lend liable loans loss maker maturity ment mortgage national bank national bank act negotiable Negotiable Instruments notice notified obligation officers organized owner paid paper pass book payable payee paying teller payment person possess presented president profits promissory note purchase real estate reason redeem reserve cities Richard Buck rule savings bank sell sent shareholders signature sometimes Suppose surety thereon tion transactions transfer trust companies usually York bank
Pasajes populares
Página 107 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Página 156 - 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; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt...
Página 87 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Página 25 - ... in denominations of not less than twenty dollars each, corresponding with the denominations of United States notes. The coin deposited for or representing the certificates of deposit shall be retained in the Treasury for the payment of the same on demand. Said certificates shall be receivable for customs, taxes, and all public dues, and when so received may be reissued...
Página 76 - Is Intended to represent moneys actually left with the bank for safe-keeping, which are to be retained until the depositor actually demands them. Such a certificate is not dishonored until presented.
Página 51 - It Is not only a plain dictate of reason, but a general rule of law, that no power or function intrusted to a body consisting of a number of persons can be legal without notice to all the members composing such body.
Página 136 - In presenting checks for payment two rules must be observed: first, if the person who receives the check and the bank on which it is drawn are in the same place, the check must, in the absence of special circumstances, be presented the same day, or at latest, the day after it is received.
Página 163 - Thus when, in the usual course of the business of a corporation, an officer has been allowed to manage its affairs, his authority to represent the corporation may be implied from the manner in which he has been permitted by the directors to transact its business.
Página 64 - Being a bailment merely for safe-keeping for the benefit of the bailor, and without compensation, it is evident the dishonest act of the teller was in no way connected with his employment. Under these circumstances, the only ground of liability must arise in a knowledge of the bank that the teller was an unfit person to be appointed or to be retained in its employment. So long as the bank was ignorant of the dishonesty of the teller, and trusted him with its own funds, confiding in his character...
Página 25 - Treasury notes shall be a legal tender in payment of all debts, public and private, except where otherwise expressly stipulated in the contract, and shall be receivable for customs, taxes, and all public dues, and when so received may be reissued. And such notes, when held by any national banking association, may be counted as a part of its lawful reserve.