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Von Händler/Antiquariat, BuySomeBooks [52360437], Las Vegas, NV, U.S.A.
This item is printed on demand. Paperback. 32 pages. Original publisher: Washington, D. C. : Comptroller of the Currency, Administrator of National Banks, 2003 OCLC Number: (OCoLC)55750672 Subject: Banks and banking -- United States. Excerpt: . . . The Powers of National Banks he long-range goals of Congress for the national banking system - supporting a stable national Tcurrency, financing commerce, acting as private depositories, and generally supporting the nations economic growth and development - required a type of bank that was not just safe and sound, but whose powers were dynamic and capable of evolving, so that national banks could perform their intended roles, well beyond the Civil War. Key to these powers is language set forth at 12 U. S. C. 24 ( Seventh ), which provides that national banks are authorized to exercise 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. Congress had modeled this authority on the bank charter authorized by the New York Free Banking Act, a type of charter that the New York courts explicitly had found to possess flexible and adaptive powers. Shortly before enactment of the National Bank Act, the New York Court of Appeals described the dynamic nature of the New York bank charter, stating that t he implied powers of a bank exist by virtue of the grant to do the banking business , and are not enumerated and defined; because no human sagacity can foresee what implied powers may, in the progress of time, the discovery and perfection of better methods of business, and the evervarying attitude of human relations, be required 10 to give effect to the express powers. 10 Curtis v. Leavitt, 15 N. Y. 9, 157 ( 1857 ). 12 13 This item ships from La Vergne,TN.

Von Händler/Antiquariat, Chiron Media [55661942], Wallingford, United Kingdom.
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