Word: branching
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Dates: during 1920-1929
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This sudden ruling threw into a quandary such New York City national banks with branches, as the City, Mechanics' and Metals, Chase, Chatham and Phenix. Subsequently it was discovered that the Attorney General's ruling covered only branch banks established since 1917; this relieved bankers' minds...
...Attorney General's dictum was apparently an outgrowth of the strong sentiment in the American Bankers' Association last year against branch banking; its alleged purpose was to strengthen the Reserve System. Such legislation is, however, distinctly dangerous to this very purpose, since national banks must compete with state banks, and if state charters allow more latitude than national, existing national banks will convert into state banks, as the Irving has recently done. The privilege of issuing banknotes yields so little profit to a national bank, that its surrender is not a serious consideration...
...extensive campaign to increase the membership of the Harvard branch of the League of Nations Non-Partisan Association will be waged during the coming year by the newly appointed executive council of the association...
Athletics in China are becoming as popular as in America according to Mr. F. C. Havighurst's report on this new branch of teaching which the various missions have recently taken...
...complete statement of membership of the Harvard Branch is given below: Officers of the University 345 Alumni 719 Harvard College Seniors 389 Juniors 520 Sophomores 604 Freshmen 689 Specials 46 Graduate Schools 577 Business Schools 400 Law School 665 Medical School 110 Divinity School 24 Episcopal Theological School 24 Radcliffe College 178 Unclassified 166 Total...