One-bank Holding Company Legislation of 1970: Hearings, Ninety-first Congress, Second Session ...U.S. Government Printing Office, 1970 - 1416 pages |
Common terms and phrases
acquisitions activities administration amended American antitrust application approval areas assets Association authority bank holding company banking agencies Banking and Currency banking services believe BHC's bill business of banking Carrier CHAIRMAN commercial banks Commission Committee competition Comptroller Congress Corp Corporation courier court customers data processing services economic effect enacted engage exemption Federal Reserve Board Federal Reserve System functionally related grandfather clause Holding Company Act holding company legislation House industry insurance agents issue JOHN SPARKMAN June 30 laundry list leasing letter loan McLAREN merger National Bank National Bank Act nonbanking North Carolina one-bank holding companies operations pany payroll percent permitted problems prohibited public interest question regulation regulatory related to banking restrictions Senator BENNETT Senator BROOKE Senator CRANSTON Senator PROXMIRE Sparkman statement statute subsection subsidiary tie-ins tion tour transportation travel agency trust company U.S. Senate Wachovia Wachovia Corporation WALKER
Popular passages
Page 79 - equity security" means any stock or similar security: or any security convertible, with or without consideration, into such, a security, or carrying any warrant or right to subscribe to or purchase such a security ; or any such warrant or right ; or any other security which the...
Page 361 - ... instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the board of directors of said corporation, and that he signed his name thereto by like order.
Page 126 - When the parties complained of shall have been duly notified of such petition the court shall proceed, as soon as may be, to the hearing and determination of the case; and pending such petition and before final decree, the court may at any time make such temporary restraining order or prohibition as shall be deemed just in the premises.
Page 127 - That any person, firm, corporation, or association shall be entitled to sue for and have injunctive relief, in any court of the United States having jurisdiction over the parties, against threatened loss or damage by a violation of the antitrust laws...
Page 490 - ... shall be punished by a fine of not less than one hundred dollars or more than five hundred dollars, or by imprisonment in the county jail of not less than ten days nor more than sixty days, or by both such fine and imprisonment, at the discretion of the court.
Page 171 - Board shall consider whether its performance by an affiliate of a holding company can reasonably be expected to produce benefits to the public, such as greater convenience, increased competition, or gains in efficiency, that outweigh possible adverse effects, such as undue concentration of resources, decreased or unfair competition, conflicts of interests, or unsound banking practices.
Page 126 - That in civil cases no writ of subpoena shall issue for witnesses living out of the district in which the court is held at a greater distance than one hundred miles from the place of holding the same without the permission of the trial court being first had upon proper application and cause shown.
Page 528 - ... of a financial, fiduciary, or insurance nature and which the Board after due notice and hearing, and on the basis of the record made at such hearing, by order has determined to be so closely related to the business of banking or of managing or controlling banks as to be a proper incident thereto...
Page 396 - 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...
Page 130 - ... in the case of disobedience to a subpena or order issued under paragraph (a) of this section to Invoke the aid of any district court of the United States in requiring compliance with such subpena or order...