National banking under the Federal Reserve System

Bibliographic data

Monograph

Identifikator:: 1757542345

URN:: urn:nbn:de:zbw-retromon-135097

Document type:: Monograph

Title:: National banking under the Federal Reserve System

Place of publication:: New York

Publisher:: The National City Bank of New York

Year of publication:: 1927

Scope:: 154 S.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Interlocking bank directorates under the clayton act

Collection:: Economics Books

NaT10NAL BANKING UNDER THE FEDERAL RESERVE System state institutions are not located in the same city of over 200,000 inhabitants as the national bank or Edge Corporation, and do not have resources aggre- gating in the case of any one bank more than $5,000,000. -Do not prohibit a person from serving at the same time as director, officer, or employee of any number of national banks, provided no two of them are located in the same city of over 200,000 inhabitants and no one of them has resources aggregating over $5,000,000. 5 -Do not prohibit a person who is not a director, officer, or employee of any national bank or Edge Corporation from serving at the same time as officer, director, or employee of any number of state banks or trust companies, re- gardless of their locations and resources. 7—Do not prohibit a person who is an officer or employee but not a director of a state bank from serving as director, officer, or employee of a national bank, or Edge Corporation, even though either or both of such banks have resources aggregating over $5,000,000, provided both banks are not located in the same city of over 200,000 inhabitants. 6- 8—Do not prohibit a person who is an officer or employee but not a director of a national bank or Edge Corporation from serving at the same time as director, officer, or employee of a State bank, even though either or both of such banks have resources aggregating over $5,000,000, provided both banks are not located in the same city of over 200.000 inhabitants. -Do not apply to persons who have obtained the consent or approval of the Federal Reserve Board under the provisions of the Kern amendment, section 25 of the Federal Reserve Act or the Edge Act as hereinafter provided. These exceptions are cumulative. 0 Permission of the Federal Reserve Board under Kern Amendment By the Kern amendment the Clayton Act now authorizes the Federal Reserve Board to permit any private banker or any officer, director, or employee of any member bank or class A director of a Federal Reserve Bank to serve as director, officer, or employee of not more than two other banks, banking associations, or trust companies com- ing within the prohibitions of the Clayton Act, provided such other banks are not in substantial competition with such private banker or member bank. Substantial competition—If the institutions involved are not in sub- stantial competition, the Board is authorized, in its discretion, to Oey “4 ]

Access restriction

Copyright

fullscreen: National banking under the Federal Reserve System

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation