Providing for Control and Regulation of Bank Holding Companies: Hearings Before the Committee on Banking and Currency, United States Senate, Eightieth Congress, First Session, on S. 829... May 26, June 2 and 11, 1947
U.S. Government Printing Office, 1947 - 186 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
Common terms and phrases
acquire additional affiliates agent amendments American application approval assets Association authority bank holding company bank stocks Bankers believe bill branches Calif capital CHAIRMAN Commission committee common Company Act condition Congress corporation deal definition deposits determine directors dividends ECCLES effect establish existing fact Federal Reserve Board Federal Reserve System give going hearing held holders HUNTINGTON Industrial institutions interest Investment Company issued Kentucky legislation limited loan majority matter mean meeting member banks ment Morris Plan banks Morris Plan Corp National Bank necessary obligations officers operations ownership percent permit person practices present president proposed purchase question reason receive record referred registered regulation representative respect securities Senator shareholders shares Shawmut Association standards statement stockholders subsidiary thereof things tion Trustees United voting York
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.