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" ... association, in the event of loss, shall be met by the members of the local association in the proportion to the ratio which their capital and surplus bears to the aggregate capital and surplus of the local association ; and the commission received... "
Commercial Paper: A Text Book for Merchants, Bankers and Investors - Página 246
por Roger Ward Babson, Ralph May - 1916 - 286 páginas
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Suggested Plan for Monetary Legislation

Nelson Wilmarth Aldrich - 1911 - 30 páginas
...capital and surplus bears to the aggregate capital and surplus of the members of the local association, and the commission received for such guaranty, after...guaranty, or it may decline to grant the application. 30. The total amount of guaranties by a local association to the National Reserve Association shall...
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Money and Banking, Illustrated by American History

Horace White - 1911 - 526 páginas
...association ; and the commission received for such guaranty, after the payment of losses and expenses, shall be distributed among the several banks of the...local association shall have authority to require additional security from any bank offering paper for guaranty, or may decline to grant the application....
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Co-operative Finance: An American Method for the American People, to ...

Herbert Myrick - 1912 - 446 páginas
...aggregate capital and surplus of the members of the clearing house, which assessment shall be made by the board of directors, and the commission received for...losses, shall be distributed among the several banks in the clearing house, or may be retained in whole or in part as a surplus fund for protection in the...
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A History of Currency in the United States, with a Brief Description of the ...

Alonzo Barton Hepburn - 1915 - 570 páginas
...association, and the commission received for such guaranty, after the payment of losses and expenses, shall be distributed among the several banks of the...local association shall have authority to require additional security from any bank offering paper for guaranty, or may decline to grant the application....
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A History of Currency in the United States: With a Brief Description of the ...

Alonzo Barton Hepburn - 1915 - 582 páginas
...association, and the commission received for such guaranty, after the payment of losses and expenses, shall be distributed among the several banks of the...local association shall have authority to require additional security from any bank offering paper for guaranty, or may decline to grant the application....
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