Legislation to Prohibit Banks from Performing Certain Nonbanking Services and from Engaging in the Business of Personal Property Leasing: Hearings Before the Subcommittee on Bank Supervision and Insurence of ... , 88-2 on H.R. 9548 ... H.R. 9822 ... , February 25 and 26, 1964

Sampul Depan
 

Istilah dan frasa umum

Bagian yang populer

Halaman 116 - 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; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security; and by obtaining, issuing and circulating notes according to the provisions of this Title.
Halaman 112 - Third. Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings. Fourth. Such as it shall purchase at sales under judgments, decrees, or mortgages held by such association, or shall purchase to secure debts due to said association.
Halaman 97 - Seventh. 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...
Halaman 7 - ... from engaging in any activity other than the performance of bank services for banks.
Halaman 116 - It is, in fact, necessary to the business of banking to recognize that the leasing by the bank of personal property acquired upon the specific request of and for the use of its customer, and the incurring of such additional obligations as may be incident to becoming an owner of personal property and the lessor thereof, is a lawful exercise of the powers of a national bank and necessary to the business of banking.
Halaman 3 - Management policy in this area is presently reinforced by various regulations of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and State regulatory authorities.
Halaman 6 - ... the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the Federal Home Loan Bank Board, the Federal Savings and Loan Insurance Corporation, or the National Credit Union Administration. (8) The term "National Institute of Building Sciences" means the institute established by section 809 of the Housing and Community Development Act of 1974.
Halaman 7 - Comptroller's Manual" that a national bank may become the owner and lessor of personal property acquired, upon the specific request, and for the use, of a customer and may incur such additional obligations as may be incident to becoming an owner and lessor of such property. These transactions do not result in obligations subject to the lending limits set forth in 12 USC 84.
Halaman 116 - The chairman and ranking minority member of the Banking and Currency Committee of the House of Representatives. (3) The chairman and the ranking minority member of the Committee on Veterans' Affairs of the House of Representatives.
Halaman 11 - Corporation would interpose no objection to the enactment of this bill. We have been advised by the Bureau of the Budget that it has no objection from the standpoint of the administration's program to the submission of this report. Sincerely yours, ERLE COCKE, Sr, Chairman.

Informasi bibliografi