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" To exercise by its board of directors or 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 negotiating promissory notes, drafts, bills of exchange,... "
United States Circuit Courts of Appeals Reports: With Key-number Annotations ... - Página 260
1900
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Proposed Mellon-Dreyfus Merger: Hearings Before the Subcommittee ..., Volumen4

United States, United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations - 1994 - 972 páginas
...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...
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A History of Money: From AD 800

John Chown, John F. Chown - 1994 - 306 páginas
...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...
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Office of the Comptroller of the Currency's Recent Regulatory ..., Volumen4

USGPO Staff, United States, United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and Regulatory Relief, Usgpo - 1997 - 93 páginas
...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....
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Federal Bank Holding Company Law

Pauline B. Heller, Melanie Fein - 1997 - 600 páginas
...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...
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Banking Across State Lines: Public and Private Consequences

Peter S. Rose - 1997 - 173 páginas
...national bank] may . . . exercise under this act all such incidental powers as shall be necessary to carrv on the business of banking by discounting and negotiating...and bullion; by loaning money on personal security; by obtaining, issuing, and circulating notes according to provisions of this act. With such vagueness...
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Democracy and Public Administration

Richard C. Box - 2007 - 240 páginas
...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 •...
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Securitizations: Legal and Regulatory Issues

Patrick D. Dolan, C. VanLeer Davis - 2000 - 1764 páginas
...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...
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The New Financial Architecture: Banking Regulation in the 21st Century

Benton E. Gup - 2000 - 267 páginas
...the National Banking Act of 1863, a national banking association shall have the power to carry out the "business of banking; by discounting and negotiating...security; and by obtaining, issuing, and circulating notes."1 Since then, the definition of a bank has changed, and it will United States Germany Japan...
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Compilation of Securities Laws Within the Jurisdiction of the Committee on ...

United States - 2001 - 852 páginas
...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...
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Equity Hedging: OCC Needs to Establish Policy on Publishing Interpretive ...

United States. General Accounting Office - 2001 - 48 páginas
...the powers clause was limited to the five activities enumerated in the clause, which are as follows: "discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt . . . receiving deposits . . . buying and selling exchange, coin, and bullion . . . loaning money on...
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