PAGE. NATIONAL BANKS-Continued: REDEMPTION, in case of voluntary liquidation; notice to holders............... 128 REDEMPTION AGENCIES in New York city to be selected by banks in Albany, Bal- timore, Boston, Chicago, Cincinnati, Cleveland, Detroit, phia, Pittsburgh, Saint Louis, San Francisco, and Washing- 122 REMOVAL OF BANKING ASSOCIATIONS, from one state to another... 157 REPEAL OF ORIGINAL BANKING ACT.. 141 REPORTS, not less than five, to be made by each bank during the year. 149 150 150 150 special, may be required; when....... 150 150 form of, to be prescribed by Comptroller.... to be verified, and how; what to exhibit.. published; where and how; expense to be paid by banks; proof penalty for failure to transmit.. of dividends and of net profits to be made to Comptroller............ 150, 151 of banks in redemption cities to be not less than 25 per cent. of aggre- of all other banks not less than 15 per cent..... when below the limit, to be restored to the required proportion...... 120, 121 121 of banks whose notes are redeemed in New York may, to the extent 121 of banks in redemption cities may, to the extent of one-half, consist of 122 of all banks may consist in part of clearing-house certificates. corporate, may be adopted by banking associations.... 121 121 122 102 105 NATIONAL BANKS-Continued: SECRETARY OF THE TREASURY: PAGE His approval requisite as to sureties of Comptroller.. form of seal...... organization of banks where population is not over 6,000............. appointment of receivers........... special agents...... bank examiners.. withdrawal of circulation from States having an excess..... removal of banks from such States to States en- To authorize the voluntary exchange of securities deposited....... 102 102 104 121 132 137 155, 156 157 111 and to prescribe the conditions of exchange in case of depreciation..... appoint one of four persons to superintend the burning of worn-out and muti- 116 and prescribe regulations relative thereto... 116 designate banks as depositaries, and make regulations concerning them........ 130 130 regulate the manner of notifying holders of the notes of insolvent associations, 132 and redeem and cancel the same in proportion to increase of national SHARES, par value of, $100...... of State banks when converted into national, may continue as before....... 129 Shareholders, names and residence to be stated in preliminary certificate....... entitled to one vote on each share.... delinquent, may not vote..... may be sold out on notice.. by transfer, succeed to rights and liabilities of prior holders..... extent of, defined...... in case of State banks converted... may fix date of election in certain cases.................... 142 104 108 108 110 108 108 108 108 107 by vote of two-thirds in interest may reduce capital stock........... 109 or go into liquidation..... limitation and conditions of reduction.. list of, provisions concerning... SOLICITOR OF THE TREASURY, to have supervision of suits, &c.. SPECIAL AGENT for investigation of banks.. appointed by Comptroller with approval of Secretary.. 127 109 125 138 132 132 132 NATIONAL BANKS-Continued: STATE BANKS, converted into national; liability of shareholders-when limited to amount invested... PAGE 108 such assets include right of action for damages resulting from with branches, may keep branches in operation..... Suits and ProceEDINGS, against banks under the banking laws, to be conducted private counsel may appear in.......... where and in what courts to be had...... different opinions in Massachusetts and New York...... 138-139 to be instituted by Comptroller in his own name. 129, 145 138 138 may be brought by as well as against banks.... TAX, imposed by State authority where to be levied................ limitations concerning notes and decisions relative to.... by federal authority; existing taxation..... 136, 137 138 86, 126, 127 126, 148 126, 148 126, 127 125, 126, 159 126 amount of, may be reserved by Treasurer out of in- terest falling due on bonds deposited......... semi-annual returns to be made, relative to circulation, deposits, and capital. 126 verified by oath of president and cashier..... in case of default in making returns, how assessed................... penalty for such default, and how collected.. of ten per cent. on notes of State banks paid out; held by Supreme Court 126 126 126 145 applies to notes which a bank pays out of its own issue.... 145, 146 on notes of towns, cities, or municipal corporations paid out.. TRANSFER OF STOCK, when binding as to transferee in good faith; bank when liable for value of stock....... UNITED STATES BONDS, definition of, as used in banking laws.. 148 160-164 106 103 105 115 127 may sign circulating notes............ VOLUNTARY LIQUIDATION, may be ordered by vote of shareholders........ Fractional, not to be issued by individuals, private corporations, or banking asso- 45 NOTES-Continued: Of individuals and of State banks, paid out, ten per cent. tax on.. PAGE. 145, 146 OBLIGATION: 0. Of the United States to pay in coin, according to contract....... Originally limited to fifty millions...... Increased to sixty millions, and date of issue limited... Superseded by United States notes, under act of February 25, 1862.. but equivalent to coin for public dues, duties, &c........... OREGON WAR DEBT: Bonds payable to order, with coupons payable to bearer.. transferable by assignment only... OVER-DUE COUPON BONDS: Legal rules applicable to............. OVER-ISSUE: 79, 82 43 43 35 44, 82 44 44 2225 64, 65 Of bonds, notes, or currency; none ever redeemed or presented for payment....................... 25 Withdrawn, and fractional currency substituted. (See Fractional Currency).......... 47 44, 45 REBATE OF INTEREST: R. When exacted; what interest subject to.. Detached coupons, when subject to. (See Interest.).... REDISTRIBUTION OF CURRENCY NOTES: (See National Banks)... REDUCTION OF THE PUBLIC DEBT: By purchase of bonds; authority for. By operation of the sinking fund.............. Comparative statement of....... Monthly debt statement.. REGISTERED BONDS: Transfer of, regulations concerning... 71 77 155 72 82-85 92, 93 78 55-60 REGISTERED BONDS—Continued: Transfer of, by representatives of deceased owners. general forms for......... books, when closed and for what period...... of stock during such period; how it affects payment of interest... Power of attorney to collect interest................ Interest on, of funded loans, payable by check sent through the mails.. Designation to be made by holders.. Interest on, when not claimed.... When lost or stolen, notice to be given Mutilated or defaced; regulations concerning. Acts authorizing issue of duplicates..... RESERVES: PAGE. 57 57 58-60 56 57, 69 70 69 წყ 69 70 60, 62 61 63, 67 61, 66, 68 68 Of United States notes in Treasury, authorized by law; acts relating to........... 37, 39 limit of reserve forty-four millions.... Of coin in Treasury. (See Coin)................ 38 40 72 Of lawful money to be kept by banks. (See National Banks).............. 27, 28, 120–122, 147 RULES AND REGULATIONS: For redemption of mutilated and defaced currency. transfer of registered bonds......... duplicating certificates, when lost or destroyed.. defaced bonds, coupon or registered.............. SALES OF BONDS, in case of insolvent banks. (See Comptroller of the Currency.) 133, 156, 157 How taxed, and to what extent, under Federal authority....... |