Search results for: “bank holding companies”
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Bank Holding Company
A corporation controlling one or more commercial banks, or a commercial bank and some other enterprise. There are primarily two varieties, correlating with two strategies for evading regulation. The first type was set up to get out from under restrictions on branch banks; if a bank […]
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Bank Holding Company Act
A federal statute (12 U.S.C. § 1841 et seq.) regulating the permissible ownership of voting securities of more than one bank, and (as recently amended) to regulate the activities of bank holding companies, particularly to prevent the easy creation of large bankingindustrial combinations….
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Bank Merger Act
A federal statute (12 U.S.C. § 1828 et seq.) regulating the acquisition of banks by other banks and holding companies. See also Bank Holding Company Act….
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Federal Reserve System
The central bank of the U.S., established in 1913, and governed by the Federal Reserve Board located in Washington, D.C. The system includes 12 Federal Reserve Banks and is authorized to regulate monetary policy in the U.S. as well as to supervise Federal Reserve member banks, bank holding […]
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Share
Legal Definition and Related Resources of Share Meaning of Share A portion of anything owned in common by several persons. In relation to corporations, it is a definite fractional part of the capital of the corporation conferring upon the holder […]
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Shall
Ordinarily where a statute uses the word shall its provision is imperative . Escoe v Zerbst, 295 U.S. 490, 55 S. Ct. 818, 79 L. Ed. 1566. But if such an imperative interpretation leads to inconsistencies with the expressed intention or declared purpose of the act, it is then […]