Control of Bank Holding Companies: Hearings Before a Subcommittee of ..., 84:1-.... |
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acquired acquisition affiliated banks agency ALLEN FREAR amendments application approval Association bank holding company Bank of America Bank of Nevada Bank of Portland bank stock Banking and Currency BELGRANO bill branch banking Chairman Columbia River Company of Georgia competition Comptroller Congress Currency Committee deposits directors distribution divestiture divestment dividends exchange exemption expansion Federal Reserve Board Federal Reserve System finance funds hearings Holding Company Act holding company legislation independent bankers insurance companies liability loans ment million MULTER mutual savings banks National Bank Occidental operations organization ownership pany percent permit prohibited provisions qualified bank holding record regulation respect securities Senator BENNETT Senator BUSH Senator DOUGLAS Senator FREAR Senator ROBERTSON shareholders SIBLEY statement stockholders subcommittee supervisory authorities surplus testimony THOMSON tion Total Transamerica Corp Trust Company United States Senate vice president voting shares
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Page 120 - If any provision of this Act, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Act, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
Page 42 - ... or any bank holding company as defined in the Bank Holding Company Act of 1956...
Page 25 - State in which said association is situated, if such establishment and operation are at the time authorized to State banks by the statute law of the State in question by language specifically granting such authority affirmatively and not merely by implication or recognition, and subject to the restrictions as to location imposed by the law of the State on State banks.
Page 194 - Within a reasonable time after the receipt of any application for exemption the Commission shall enter an order granting, or, after notice and opportunity for hearing, denying or otherwise disposing of such application.
Page 2 - Bank Holding Company Act of 1956". DEFINITIONS Bank holding company SEC. 2. (a) "Bank holding company" means any company (1) that directly or indirectly owns, controls, or holds with power to vote 25 per centum or more of the voting shares of each of two or more banks or of a company that is or becomes a bank holding company...
Page 5 - ... (i) To a shareholder (with respect to its stock held by such shareholder), without the surrender by such shareholder of stock in such corporation ; or...
Page 3 - Notwithstanding any other provision of this section, no application shall be approved under this section which will permit any bank holding company or any subsidiary thereof to acquire, directly or indirectly, any voting shares of, interest in, or all or substantially all of the assets of any additional bank...
Page 23 - ... acceptances) having a maturity at the time of issuance of not exceeding 24 months, exclusive of days of grace; (3) securities issued or guaranteed as to principal or interest by a government or subdivision thereof (including those issued by a corporation which is an instrumentality of a government or subdivision thereof...
Page 9 - ... at least 80 percent of the total combined voting power of all classes of stock entitled to vote, and at least 80 percent of the total number of shares of all other classes of stock (except nonvoting stock which is limited and preferred as to dividends...