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Free Books / Finance / The Law Of Banks And Banking / | ![]() |
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Sec. 42. Bank Examiners |
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This section is from the book "The Law Of Banks And Banking", by John Maxcy Zane . Also available from Amazon: The law of banks and banking.
State statutes provide for public bank examiners, who may be given a right of visitation and as well. People v. Walker, 17 N. Y. 502; s. c, 21 Barb. 630; Medill v. Collier, 16 Ohio St. 599.
3 Clark v. State, 7 Cold. 306; State v. Rusk, 21 Wis. 212; Citizens' Bank v. Gay, 47 La. Ann. 551.
4 Elwood v. State Treasurer, 23 Vt 701; Receiver of Danby Bank v. State Treasurer, 39 Vt 92.
5 Cook Co. Nat. Bank v. United States, 107 U. S. 445.
6 United States v. Cook Co. Nat. Bank, 9 Biss. 55, was reversed by the above case.
1 Sec. 5211, Rev. Stat. U. S.
2 Bank of British N. A. v. Alaska Imp. Co., 97 Cal. 28.
3 Barling v. Bank of British N. A., 50 Fed. R 260, 1 C. C. A. 510; S. C, 44 Fed. R 641.
4 Bank of British N. A. v. Alaska Imp. Co., 97 Cal. 28; People v. Campbell, 14 111. 400. See also Bank of British N. A. v. Madison, 99 Cal. 125; State v. Union Bank, 4 Robt. 499; Boisregard v. New York Banking Co., 2 Sandf. Ch. 23
Section 5190 and the following sections of the Kevised Statutes contain other regulations of national banks. The requirement that a national bank shall transact its usual business at its banking house, the requirements as to "lawful money reserves," 1 the regulations as to usurious rates of interest, as to discounts and loans, are all within the power of congress. The effect of a violation of these regulations will be examined under various divisions in this work.2
 
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