 | Commercial law - 1906 - 534 pages
...to be organized, under the provisions of the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the...lawful money of the United States, a sum equal to five per centum of its circulation, to be helii and used for the redemption of such circulation; which... | |
 | Harvey White Magee - Banking law - 1906 - 864 pages
...to be organized, under the provisions of the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the...lawful money of the United States, a sum equal to five per centum of its circulation, to be held and used for the redemption of such circulation; which... | |
 | Albert Sidney Bolles - Banking law - 1907 - 600 pages
...to be organized, under the provisions of the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the...lawful money of the United States, a sum equal to five per centum of its circulation, to be held and used for the redemption of such circulation; which... | |
 | Montgomery Rollins - Finance - 1907 - 488 pages
...Per Cent. Redemption Fund. Every national bank is required by law to keep on deposit, at all times, in the Treasury of the United States, in lawful money of the United States, a sum equal to five per cent. of the bank's circulation (see " National Bank Notes "), to be held and used for the... | |
 | Montgomery Rollins - Finance - 1907 - 486 pages
...Per Cent. Redemption Fund. Every national bank is required by law to keep on deposit, at all times, in the Treasury of the United States, in lawful money of the United States, a sum equal to five per cent. of the bank's circulation (see " National Bank Notes "), to be held and used for the... | |
 | United States - Banking law - 1910 - 828 pages
...wlth or g an i ze d, under the provisions of the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the...lawful money of the United States, a sum equal to five per centum of its circulation, to be held and iised ea'a's'fa'w™u'i: ^ or *^ e redemption of... | |
 | Willis Seaver Paine - Banking law - 1910 - 874 pages
...to be organized, under tbe provisions of the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the...lawful money of the United States, a sum equal to five per centum of its circulation, to be held and used for the redemption of such circulation ; which... | |
 | United States. National Monetary Commission - Banking law - 1910 - 386 pages
...made? 16. The law as it now stands requires every national bank to keep on deposit with the Treasurer, in lawful money of the United States, a sum equal to 5 per cent of its outstanding circulation, to be used for the redemption of circulating notes. There... | |
 | United States - Banking law - 1911 - 184 pages
...organized, under the provisions of the said act, and of the sec! 3 '-, 1 6 several acts amendatory thereof, shall at all times keep '* and have on deposit in the Treasury of the United States, redemption of such circulation; which sum shall be counted as a part of its lawful reserve,... | |
 | Francis Buchanan Tiffany - Banking law - 1912 - 732 pages
...to be organized, under the provisions of the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the...lawful money of the United States, a sum equal to five per centum of its circulation, to be held and used for the redemption of such circulation ; which... | |
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SEC. 3. That every association organized, or to be organized under the provisions of the said act, and of the several acts amendatory thereof, shall at all times keep and have on deposit in the Treasury of the United States, in lawful money of the United... 
