Bank Holding Legislation: Hearings Before the Committee on Banking and Currency, United States Senate, Eighty-third Congress, First Session, on S.76 and S.1118, Bills to Provide for the Control and Regulation of Bank Holding Companies, to Require Divestment of Nonbanking Assets, and for Other Purposes. June 10, 11, and 12, 1953, Parts 1-3
U.S. Government Printing Office, 1953 - 830 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
acquired acquisition additional administering affiliated agency America amount application approval assets assistant cashier Association authority bank holding company bank stocks Bankers believe bill branch banking capital certificate CHAIRMAN Commission committee Congress Corp corporation Currency definition deposits determine directors dividends effect engaged exchange existing expansion fact Federal Reserve Board finance funds Government hearings held HUNTINGTON income independent individual Insurance interest investment company issued legislation less limited loans majority matter means Morris Plan National Bank Northwest officers operations organized ownership pany percent period permit person present profits prohibited proposed provisions purchase question reason record referred registered regulation representing respect result ROBERTSON savings banks securities Senator shares statement stockholders subsidiary surplus tion trust United vice president voting York
Page 239 - ... may be to substantially lessen competition between the corporation whose stock is so acquired and the corporation making the acquisition, or to restrain such commerce in any section or community, or tend to create a monopoly of any line of commerce.
Page 819 - Security" means any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, or, in general, any interest or instrument commonly known as a "security...
Page 267 - If any provision of this Act or the application of such provision to any person or circumstances 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 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 283 - The result is a conviction that the States have no power, by taxation or otherwise, to retard, impede, burden, or in any manner control, the operations of the constitutional laws enacted by Congress to carry into execution the powers vested in the General Government.
Page 813 - Commission under this title may obtain a review of such order in the circuit court of appeals of the United States within any circuit wherein such person resides or has his principal place of business, or in the United States Court of Appeals for the District of Columbia, by filing in such court, within sixty days after the entry of such order, a written petition praying that the order of the Commission be modified or set aside in whole or in part.
Page 762 - common trust fund" means a fund maintained by a bank (as defined in section 104) — (1) exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian...
Page 728 - Any company has control over a bank or over any company if— (A) the company directly or indirectly or acting through one or more other persons owns, controls, or has power to vote 25 per centum or more of any class of voting securities of the bank or company...
Page 137 - Within the limits of the city, town, or village in which said association is situated, if such establishment and operation are at the time expressly authorized to State banks by the law of the State in question...
Page 812 - Act, he may make application to the appropriate court for an order enjoining such acts or practices, or for an order enforcing compliance with such provision, and upon a showing by the President that such person has engaged or is about to engage in any such acts or practices a permanent or temporary injunction, restraining order, or other order shall be granted without bond.