National banking under the Federal Reserve System

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Monograph

Identifikator:: 897012496

URN:: urn:nbn:de:zbw-retromon-11642

Document type:: Monograph

Author:: Madelung, Ernst http://d-nb.info/gnd/116654805

Title:: Die Entwicklung der deutschen Portland-Zement-Industrie ...

Place of publication:: München

Publisher:: Verlag von Duncker & Humblot

Year of publication:: 1913

Scope:: 1 Online-Ressource (99 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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

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Document type:: Monograph

Structure type:: Chapter

Title:: I. Einleitung. Begriffserklärung der verschiedenen Arten hydraulischer Bindemittel, kurze Angaben über die Fabrikation des Portland-Zementes und seine Anwendung

Collection:: Economics Books

TRUST DEPARTMENT Ux DER the Federal Reserve Act it is possible for a national bank to maintain and operate its own trust department, exercising through this department all of the fiduciary powers granted to state banks, trust companies, etc., by the laws of the state in which the national bank is located. Permission to establish such a department is granted, not by the Comptroller’s office, but by the Federal Reserve Board. Proper forms for the applications are furnished by the Board and the application, after it is executed by the president or cashier of the bank, should be mailed to the Chairman of the Board of Directors of the Federal Reserve Bank in the particular district, who will transmit it to Washington. National banks which are permitted by the Federal Reserve Board to function in fiduciary capacities are required to establish a separate trust department under the management of an officer or officers, and to abide by certain other special rules laid down in the Federal Reserve Act and by the Federal Reserve Board. [91]

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