The book Clearing Houses was written by author United States. National Monetary Commission Here you can read free online of Clearing Houses book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Clearing Houses a good or bad book?
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Thus we have seen that the association occupied four different locations before coming into the structure erected for its own use; and that after each removal it remained longer than it had in the quarters just abandoned. The constitution of the New York clearing house pro- vides in ftdl for the regulation of the,affairs of the associa- tion and for the guidance of its members. A general meeting is held annually, and special meetings may be called by the clearing-house committee whenever it may... deem it necessary, or whenever it is requested to do so by any seven of the associated banks. A majority of the whole number of associated banks constitutes a quorum. Each bank may be represented at all meetings of the asso- ciation, and is entitled to one vote. "^ - \rhe administration of the clearing house is vested in a " president, secretary, manager, assistant manager, and . five standing committees. The president is elected by ballot at the annual meet- ing, to preside at that meeting and all subsequent meet- 159 Digitized by Google UUJ 6° National Monetary Commission ings during the year.
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