Providing for Control and Regulation of Bank Holding Companies, Hearings Before ..., 80-1 on S. 829 ..., May 26, June 2 and 11, 19471947 - 186 pages |
From inside the book
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Page 6
... percentage of shares . " ( e ) The second paragraph of section 5211 of the Revised Statutes is amended by striking out the second sentence of such paragraph . ( f ) ( 1 ) Subdivision ( 1 ) ( C ) of subsection ( a ) of section 14 of the ...
... percentage of shares . " ( e ) The second paragraph of section 5211 of the Revised Statutes is amended by striking out the second sentence of such paragraph . ( f ) ( 1 ) Subdivision ( 1 ) ( C ) of subsection ( a ) of section 14 of the ...
Page 10
... percentage of the banks are held by the banking companies or are dominated by them ? Mr. ECCLES . I think I have that here . I can look it up . We have all of those figures here . I will proceed with the statement . In view of what the ...
... percentage of the banks are held by the banking companies or are dominated by them ? Mr. ECCLES . I think I have that here . I can look it up . We have all of those figures here . I will proceed with the statement . In view of what the ...
Page 12
... percent of the number of shares voted for the election of directors of any one bank at the preceding election , * * * The purpose underlying this definition is to reach those companies which control the management and policies of banks ...
... percent of the number of shares voted for the election of directors of any one bank at the preceding election , * * * The purpose underlying this definition is to reach those companies which control the management and policies of banks ...
Page 13
... percent or more of the voting shares of two or more banks . However , even though a company may own more than 15 percent but less than a majority of such shares , if it can demon- strate that it does not exercise a controlling influence ...
... percent or more of the voting shares of two or more banks . However , even though a company may own more than 15 percent but less than a majority of such shares , if it can demon- strate that it does not exercise a controlling influence ...
Page 22
... percent of all the banking offices and 38 percent of all of the commercial deposits in the five- state area . Since 1934 , the Transamerica group has acquired a total of 126 banks , which have been operated either as separate units or ...
... percent of all the banking offices and 38 percent of all of the commercial deposits in the five- state area . Since 1934 , the Transamerica group has acquired a total of 126 banks , which have been operated either as separate units or ...
Common terms and phrases
acquire affiliates amendments American General Corp approval assets authority bank holding company Bank of America bank stocks Bankers Association Banking Act banking business BEASLEY bill branch banking Calif certificates CHAIRMAN comakers committee Comptroller Congress controlled banks Currency Deposit Insurance Corporation directors dividends ECCLES existing fact FDIC Federal Deposit Insurance Federal Reserve Act Federal Reserve Board Federal Reserve System Giannini holders Holding Company Act HUNTINGTON independent bankers Industrial Bank interest Investment Company Act Kentucky legislation loan majority member banks ment monopoly Morris Plan banks Morris Plan Corp National Bank nonbanking officers operations pany percent person president purchase purpose referred registered investment company regulation Reserve Act 12 Senator BUCK Senator CAIN Senator FLANDERS Senator ROBERTSON shareholders Shawmut Association Spokane statement Statutes stockholders subsidiary banks thereof tion TOBEY Total Transamerica trust estate Trustees United States Senate voting permit voting shares
Popular passages
Page 8 - 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 6 - That any person who shall neglect or refuse to attend and testify, or to answer any lawful inquiry, or to produce documentary evidence, if in his power to do so, in obedience to the subpoena or lawful requirement of the commission...
Page 6 - No objection to the order of the Board shall be considered by the court unless such objection shall have been urged before the Board or unless there were reasonable grounds for failure so to do.
Page 6 - If either party shall apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court that such additional evidence is material and that there were reasonable grounds for failure to adduce such evidence in the hearing...
Page 6 - ... 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 90 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 6 - 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; but no individual shall be prosecuted or subjected to any penalty or forfeiture for or on account of any transaction, matter, or thing concerning which he is compelled, after having claimed his privilege against self-incrimination...
Page 5 - 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 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.
Page 7 - ... 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.