Clearing-houses: Their History, Methods and Administration

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D. Appleton, 1900 - 383 страница
 

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Страница 169 - Kentucky, Maine, Maryland, Massachusetts, Michigan, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, Virginia, West Virginia, and Wisconsin...
Страница 170 - Minnesota, Mississippi, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, South Carolina, South Dakota, Tennessee, Texas, Utah...
Страница 150 - ... the Clearing House, by previous arrangement between members of the Association through one of their own number, and banks in the City and vicinity who are not members, the receiving bank at the Clearing House shall in no case discontinue the arrangement, without giving previous notice— which notice shall not take effect until the exchanges of the morning following the receipt of such notice shall have been completed.
Страница 85 - Clearing-house, for a period of thirty days from the date thereof, and they shall be received by creditor banks, during that period, daily, in the same proportion as they bear to the aggregate amount of the debtor balances paid at the Clearing house.
Страница 196 - Errors in the exchanges, and claims arising from the return of checks, or from any other cause, are to be adjusted directly between the Banks...
Страница 131 - It would not be necessary to establish there a general cash office. Each of the banks of Scotland has an agent at Edinburgh, and the balances are there settled twice a week, and paid generally by drafts on London. In the same manner, the balances due by the banks in each district might be paid by drafts on New York, or any other place agreed on.
Страница 196 - BANK SHALL IMMEDIATELY REFUND TO THE BANK RETURNING THE SAME THE AMOUNT WHICH IT HAD RECEIVED THROUGH THE CLEARING HOUSE FOR THE SAID CHECKS, DRAFTS, NOTES, OR OTHER ITEMS SO RETURNED TO IT, IN SPECIE OR LEGAL-TENDER NOTES.
Страница 171 - In case any member of the Association shall learn that these rules and regulations have been violated by any of the collecting banks, it shall immediately report the facts to the Chairman of the Clearing House Committee, or in his absence to the Manager of the Clearing House. Upon receiving information from any source that there has been a violation of the same, said Chairman, or in his absence said Manager, shall call a meeting of the Committee. The Committee shall investigate the facts, and determine...
Страница 318 - ... shall incur a penalty of fifty dollars for each and every day after the expiration of such time during which the bank neglects so to make up and send in such return.
Страница 98 - ... any bank in the clearing-house association, may, at its option, deposit with a committee of five persons, to be appointed for that purpose, an amount of its bills receivable...

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