Control and Regulation of Bank Holding Companies: June 24, 1958 |
Common terms and phrases
28 groups acquiring bank acquisitions of bank administering agency amended authority Bancorporation bank assets bank holding company bank shares bank stocks banking offices banks controlled believe bill Board of Governors bonds branch banking BRENT SPENCE chain banking CHAIRMAN commercial banks committee Comptroller Congress consent controlling banks Corp definition of bank DELANO District of Columbia enactment existing law expansion of bank Federal Deposit Insurance Federal Reserve Act Federal Reserve Board Federal Reserve District Federal Reserve notes Federal Reserve System group banks HARRY HARDING hearings Holding Company Act holding company affiliate holding company banking holding company device holding company groups holding company legislation holding-company included KILBURN large banks member banks National Bank NICHOLSON nonbanking business nonbanking enterprises nonbanking interests North Dakota Number of banking operations organizations ownership panies percent present law problems prohibit regulation of bank require respect restrictions ROBERTSON securities shareholders small banks Spence supervisory agencies tion Transamerica voting permit WOLCOTT
Popular passages
Page 10 - If any provision of this Act or the application of such provision to any person or circumstance shall be held invalid, the remainder of the Act and 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 7 - Board, there to produce records, if so ordered, or to give testimony touching the matter under investigation or in question; and any failure to obey such order of the court may be punished by such court as a contempt thereof.
Page 7 - Whenever it shall appear to the Commission that any person is engaged or about to engage in any acts or practices which constitute or will constitute a violation...
Page 7 - ... and any failure to obey such order of the court may be punished by such court as a contempt thereof. All process in any such case may be served in the judicial district whereof such person is an inhabitant or wherever he may be found.
Page 6 - Commission or any officer designated by it is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, or other records which the Commission deems relevant or material to the inquiry.
Page 3 - 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 8 - ... for as many persons as there are directors or managers to be elected, or to cumulate said shares, and give one candidate as many votes as the number of directors multiplied by the number of his shares of stock shall equal, or to distribute them on the same principle among as many candidates as he shall think fit; and such directors or managers shall not be elected in any other manner.
Page 7 - Commission, on the ground that the testimony or evidence, documentary or otherwise, required of him may tend to incriminate him or subject him to a penalty or forfeiture...
Page 7 - Territory or other place subject to the jurisdiction of the United States, to enjoin such acts or practices, and upon a proper showing a permanent or temporary injunction or restraining order shall be granted without bond.
Page 6 - Board, its member, agent, or agency, there to produce evidence if so ordered, or there to give testimony touching the matter under investigation or in question ; and any failure to obey such order of the court may be punished by said court as a contempt thereof.