An act to fix the amount of United States notes and the circulation of national banks, and for other purposes," without my approval.
To increase the home demand for such bonds I would recommend that they be available for deposit in the United States Treasury for banking purposes under the various provisions of law relating to national banks.
The other proposed a system of national banks authorized to issue notes for circulation under national direction, to be secured as to prompt convertibility into coin by the pledge of United States bonds and other needful regulations.
Footnote 3: On agreeing to comply with reserve and capital requirements of national banks and to submit to Federal examination.
National banks were (until 1913) forbidden to make loans on real estate, and this greatly "restricted their power to serve farmers and other borrowers in rural communities.
There is a bureau of the Treasury Department having charge of all matters relating to national banks, the chief officer of which is the comptroller of the currency.
The internal mechanism of State banks differs but slightly from that of national banks.
STATE BANKS Upon the establishment of the national banking system the greater number of the banks incorporated under the laws of the several States were organised as national banks.
Footnote 4: Instructions to, and reports of certain examiners of national banks.
National Banks Our national banking system owes its existence to financial exigencies of the federal government experienced during the Civil War.
The most important of these are state banks, national banks, and the independent treasury system.
In case a deposit is agreed upon the funds go to a relatively small number of national banks selected as depositories by the Secretary of the Treasury, the amount allowed each depository also being determined by him.
In defense of notes, on the other hand, no cash reserve is required--that is, of national banks.
At the present time, except in the case of national banks, corporations organized under United States law, few states provide for double liability of stockholders.
National banks have no power to loan money on real estate, but they are permitted to take real estate mortgages to prevent losses on loans already made.
Stockholders of national banks, corporations organized under United States laws, are liable for double the amount of their stock.
National Banks located in any of the thirteen "Reserve Cities"; or in National Banks in the three Central Reserve Cities.
But the National Banks in these last-named thirteen cities can keep one-half of their reserve in National Banks located in any of the three Central Reserve Cities, viz.
In other reserve cities, which in 1908 numbered forty, the banks are permitted to deposit half their cash in national banks in central reserve cities, while country banks may deposit three-fifths of their cash in any reserve city.
A study of the first of the following tables, "National Banks of the United States," illustrates the above generalization.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "national banks" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
