...banks shall have the power: To exercise ... all such incidental powers as shall be necessary to cany on the business of banking; by discounting and negotiating...and circulating notes according to the provisions of title 62 of the Revised Statutes. 14 The Bank represents that it will not make any changes in the Policy...

...pan of or incidental to the business of banking.9 Investment advice is integral to the brokerage (1) Discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; (2) receiving deposits; (3) buying and selling exchange, coin, and bullion: (4) loaning money on personal...

...Committee on Energy and Commerce, March 3, 1994. 1 12 USC § 24(7) J 12 U.&C § 92* 15 USC § 78<il 4 (1) Discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; (2) receiving deposits; (3) buying and selling exchange, coin, and bullion; (4) loaning money on personal...

...national banks shall have the power: To exercise ... all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drifts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling...

...which granted] the necessary powers to carry on the business of banking by discounting bills, notes and other evidences of debt; by receiving deposits; by buying and selling gold and silver bullion, and foreign coins; by buying and selling bills of exchange and by issuing...

...today. It states that a national bank may exercise "all such incidental powers as shall be necessary to carry on the business of banking; by discounting...and circulating notes according to the provisions of title 62 of the Revised Statutes." This powers sentence can be broken conceptually into several components....

...National Bank Act authorizes national banks to exercise: "all such incidental powers as shall be necessary to carry on the business of banking; by discounting...and by obtaining, issuing, and circulating notes. . . ."2 What constitutes the "business of banking" is not statutorily defined but rather is left to...

...activities allow it to engage in a variety of other specifically enumerated activities, such as: • Discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; • Buying and selling foreign exchange, coin, and bullion; • Acting as agent or fiduciary; and •...

...duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting...and circulating notes according to the provisions of title 62 of the Revised Statutes. The business of dealing in securities and stock by the association...

...duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting...according to the provisions of this title. The business of dealing in securities and stock by the association shall be limited to purchasing and selling such...