4 edition of The national-bank act and other laws relating to national banks found in the catalog.
The national-bank act and other laws relating to national banks
On verso of t.-p: Treasury department, document no. 1382. Comptroller of the currency.
|Statement||Comp. under the direction of the comptroller of the currency.|
|Contributions||United States. Office of the Comptroller of the Currency.|
|LC Classifications||HG2547 .A45 1890|
|The Physical Object|
|Number of Pages||126|
|LC Control Number||08020317|
The National Bank Act, and other laws relating to national banks, from the revised statutes of the United States: with amendments and additional acts Published In , the National Currency Act was amended and reenacted as the National Bank Act. In , the federal government created a national banking system as proposed by Salmon P. Chase. The national bank system survived the Civil War credit needs and became an essential element of the modern U.S. bank regulatory system.
National-Bank Act as Amended, the Federal Reserve Act and Other Laws Relating to National Banks. February, Documento compilado sob a supervisão do Controlador da Moeda para uso do Senado dos Estados Unidos, relacionando datas de leis dos bancos nacionais, –, textos das leis e emendas, e índices. Biblioteca do Congresso. Credit Institutions 2 2 To the extent required by the country’s supply of money, the National Bank shall maintain branches and agencies. 3 It may set up representative offices for observing the economy and for maintaining relations in the regions. Art. 4 Exclusive right to issue banknotes The National Bank shall have the exclusive right to issue Swiss banknotes.
Efforts to reform the financial system emphasized preservation of States’ regulatory authority over state and national banks. However, a federal agency recently proposed regulations that would continue to preempt state consumer financial protection laws, prompting criticism from the Treasury Department, members of Congress, and advocates of. The National Banking Act of was actually a follow-up of the National Currency Act of The National Currency Act was passed to solve the problem created when the charter of the second.
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National-Bank Act as Amended, the Federal Reserve Act and Other Laws Relating to National Banks. February, Document compiled under the direction of the Comptroller of the Currency for the use of the Senate, providing dates of acts relating to national banks, –, text of the acts and amendments, and indexes.
Get this from a library. The National bank act as amended and other laws relating to national banks. [United States.; United States. Office of the Comptroller of the Currency.]. The National Bank ACT, and Other Laws Relating to National Banks, from the Revised Statutes of the United States: With Amendments and Additional Acts [United States] on *FREE* shipping on qualifying offers.
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The National-bank act as amended: the federal reserve act, and other laws relating to national banks. [United States.; United States. Office of the Comptroller of the Currency.]. The National-Bank ACT as Amended: The Federal Reserve ACT and Other Laws Relating to National Banks.
[United States, United States] on *FREE* shipping on qualifying offers. The National-Bank ACT as Amended: The Federal Reserve ACT Author: United States. Full text of "The national bank act, and other laws relating to national banks, from the revised statutes of the United States: with amendments and additional acts" See other formats.
The National-Bank Act as Amended, The Federal Reserve Act, and Other Laws Relating to National Banks: The Federal Reserve Act, and Other Laws Relating to National Banks by United States. Congress, United States. Office of the Comptroller of the Currency. The national bank act, and other laws relating to national banks, from the revised statutes of the United States: with amendments and additional acts by United States; Wolcott, Edward; United States.
Office of the Comptroller of the CurrencyPages: fifteen, entitled “The National Bank Act as Amended, the Federal Reserve Act, and Other Laws Relating to National Banks,” be printed as a Senate document, and that one thousand additional copies be printed for the use of the Senate document room.
Attest: James M. Baker, Secretary. Digitized for FRASER. The National Bank Act refers to three different congressionally passed acts which set up a regime of national banks for the disparate state banks across the United States. These three Federal Banking Acts enabled the U.S.
National Banking System to arise. The idea was to foster the creation of a nationwide currency which would be backed up by U.S. Treasury securities held by banks. The national bank act, and other laws relating to national banks, from the revised statutes of the United States: with amendments and additional acts / (Washington: Govt.
print. off., ), by United States, Edward Wolcott, and United States. Office of the Comptroller of the Currency (page images at HathiTrust).
§ Transfers by bank and other acts in contemplation of insolvency § Acting as insurance agent or broker § 92a. Trust powers § Violation of provisions of chapter § 93a. Authority to prescribe rules and regulations § Venue of suits § 94a. Repealed. Jch.§. National Bank Act of was the start of the development of a uniform and stable national currency that was backed by U.S.
Government bonds issued by a new system of national banks. While there was a growing demand for a national currency, the overriding purpose was to provide a reliable market for the government bonds sold by the new network. Branch banks § Associations governed by chapter § The National Bank Act § Reservation of rights of associations organized under Act of § Virgin Islands; extension of National Bank Act § Guam; extension of National Bank Act § Territorial application § Interpretations concerning preemption of certain State laws.
The Act was repealed in by the enactment of the National Bank Act of12 U.S.C. § 38 et seq., which reserved the rights of the associations organized under the act. The inflexibility of national bank-note supplies and a lack of reserves led to the formation of the Federal Reserve System in The National Bank Act improved but did not solve the nation's financial problems — some of the state banks, which had all been issuing bank notes, were converted to national banks by additional legislation (that amended the original Bank Act and was passed June ).
Other state banks were driven out of business or ceased to issue notes. Except as otherwise specifically provided in this Act or in rules, regulations, or orders adopted by the Comptroller under this section, operations of a foreign bank at a Federal branch or agency shall be conducted with the same rights and privileges as a national bank at the same location and shall be subject to all the same duties.
Author United States. Title Federal laws affecting national banks: including provisions of U.S. Revised statutes, Federal reserve act, Deposit insurance law, Emergency banking act, Bank conservation act, Banking act ofBanking act of and other laws affecting, directly or indirectly, the national banking system as of July 1, / compiled and published by the Office of Comptroller.
The first new national bank to open was The First National Bank of Davenport, Iowa (Charter #15). Additionally, the new Act converted more than 1, state banks to national banks. Resurgence of State Banks The granting of charters led to the creation of many national banks and a national banking system which grew at a fast Size: KB.
The National Bank Act has emerged as a powerful tool pro-tecting national banks from state regulation. Originally passed during the Civil War to provide a stable national currency and banking system, the Act provides national banks with a signifi-cant shield against intrusion by Author: Kirby M.
Smith. The National Currency Act, with Amendments: And the Laws Relating to Taxation of National Banks, ' United States. U.S. Government Printing Office, - Banking law - 73 pages.
0 Reviews. Preview this book.The controversial decision in Madden d Funding, LLC, was “incorrect” and “reflects an unduly crabbed conception of [National Bank Act] preemption,” said the Solicitor General and the Office of the Comptroller of the Currency (“OCC”) in the amicus brief filed with the United States Supreme Court on Tuesday.
Still, the Solicitor General and the OCC advised the Court not to.The phrase "activity permissible for a national bank" means any activity authorized for national banks under any statute including the National Bank Act (12 U.S.C.
21 et seq.), as well as activities recognized as permissible for a national bank in regulations, official circulars, bulletins, orders or written interpretations issued by the Office.