To Prohibit Banks from Performing Certain Nonbanking Services: Hearings, Eighty-ninth Congress, Second Session. March 9, 10, and 15, 1966U.S. Government Printing Office, 1966 - 228 páginas |
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activities Adapso advertising Agent Agreement Air Traffic Conference American Bankers Association authority automatic data processing bank service corporations bank's banking business bill bookkeeping business of banking Business Services businessman Carrier certified public accountant Chairman charge client committee competition Comptroller computer service Congress COOPER correspondent banks cost credit card Currency customers data processing service deposit depositors direct leasing Do___ employees enacted engage exchange orders FDIC Federal financial statements HANSEN industry issue KAUFMAN large banks legislation lessor loan ment MOORHEAD MULTER National Banking Act national banks national society nonbanking services operation payroll personal property practicing accountants preparation problem prohibit banks public accountant purchase record recordkeeping render Rhode Island ROBINSON Service Bureau Corp smaller banks ST GERMAIN statute STEARMAN subcommittee TALCOTT tax returns tax services TESAURO ticket tion transactions travel agency business travelers checks WELTNER
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Página 29 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security; and by obtaining, issuing and circulating notes according to the provisions of this Title.
Página 202 - The business of dealing in securities and stock by the association shall be limited to purchasing and selling such securities and stock without recourse, solely upon the order, and for the account of, customers, and in no case for its own account, and the association shall not underwrite any issue of securities or stock : Provided, That the association may purchase for its own account investment securities under such limitations and restrictions as the Comptroller of the Currency may by regulation...
Página 134 - bank services" means services such as check and deposit sorting and posting, computation and posting of interest and other credits and charges, preparation and mailing of checks, statements, notices, and similar items, or any other clerical, bookkeeping, accounting, statistical, or similar functions performed for a bank. (c) The term "bank service corporation...
Página 202 - Seventh. To exercise by its board of directors, or duly authorized officers or agents, all powers specifically granted by the provisions of this Act and such incidental powers as shall be necessary to carry on the business of banking within the limitations prescribed by this Act.
Página 3 - Be it enacted by the Senate and Souse of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Arms Control and Disarmament Act Amendments in 1975".
Página 179 - ... from engaging in any activity other than the performance of bank services for banks.
Página 6 - It is undoubtedly true, as contended by the defendant, that the national banking act is an enabling act for all associations organized under it, and that a national bank cannot rightfully exercise any powers except those expressly granted by that act, or such incidental powers as are necessary to carry on the business of banking for which it was established.
Página 180 - Comptroller's Manual" that a national bank may become the owner and lessor of personal property acquired, upon the specific request, and for the use, of a customer and may incur such additional obligations as may be incident to becoming an owner and lessor of such property.
Página 18 - Who holds himself or herself out to the public in any manner as one who is skilled in the knowledge, science, and practice of accounting, and as qualified to render professional service therein as a public accountant for compensation; or (b...
Página 9 - Except as hereinafter provided or otherwise permitted by law, nothing herein contained shall authorize the purchase by [a national bank] for its own account of any shares of stock of any corporation.