Banking Law of New York

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Excerpt from Banking Law of New York: Chapter 2 of Consolidated Laws, Chapter 369, Laws of 1914 With Notes, Annotations and ReferencesFor the first time, certain classes of private bankers have been brought under the supervision of the Superintendent of Banks (article IV), and a beginning has been made toward protecting small savings accounts received by individuals (see note to The making of small loans by individuals at interest in excess of six per centum per annum has also been brought under supero vision by provisions contained in article IX. Sections 375 to 438 of article X provide for the incorporation by savings and loan associations of a land bank, patterned after the German landschaften. It is hoped that the securities to be issued bv this corporation will help to solve the problem of mobilizing rural credits.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.