Sinopsis
Excerpt from Banking Principles and Practice, Vol. 3 of 5
The above officers constitute the management of the bank. Except the inherent and inalienable powers and liabilities of certain officers, the powers and liabilities of the officers in general are determined by delegation by the board of directors. The great object in View is to concentrate authority and responsibility and at the same time empower the subordinates with enough authority to execute business expeditiously. The larger the bank, the more persons have to be given authority to Sign for and bind the bank, and the more difficult become the delegation and supervision of this authority. In the pages following are given the legal and other qualifications of the shareholders, directors, president, and cashier, together with their legal authorities and liabilities, as recognized in courts of law. The powers and liabilities of the other employees are comprised within those of these officers, and it is not necessary or possible to state them in detail.
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Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This 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.
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Reseña del editor
Excerpt from Banking Principles and Practice, Vol. 3 of 5
The above officers constitute the management of the bank. Except the inherent and inalienable powers and liabilities of certain officers, the powers and liabilities of the officers in general are determined by delegation by the board of directors. The great object in View is to concentrate authority and responsibility and at the same time empower the subordinates with enough authority to execute business expeditiously. The larger the bank, the more persons have to be given authority to Sign for and bind the bank, and the more difficult become the delegation and supervision of this authority. In the pages following are given the legal and other qualifications of the shareholders, directors, president, and cashier, together with their legal authorities and liabilities, as recognized in courts of law. The powers and liabilities of the other employees are comprised within those of these officers, and it is not necessary or possible to state them in detail.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This 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.
Reseña del editor
Excerpt from Banking Principles and Practice, Vol. 3 of 5
The Management of a Bank
With the exception of certain private banks, banks in general are corporate institutions and as such have a representative form of government. The source of authority and control is the owners - the shareholders; they elect a board of directors to conduct the operations of the bank, and the board of directors delegates authority to certain officers, appointed and controlled by them, to execute their will and policy. Certain powers are inherent and inalienable with the shareholders, certain ones with the directors, and certain others with the individual officers.
The officers common to all commercial banks are the president, one or more vice-presidents, the cashier, and one or more assistant cashiers. But with the expansion of business a number of the larger banks have found it necessary to have additional officers. Ordinarily the president is the chairman of the board of directors, but in certain large banks these offices have been distinguished from one another. A bank finding the number of its vice-presidents unduly expanding may designate several of its senior vice-presidents "executive managers," over whom one may be appointed "general executive manager." The duties devolving upon the president may be so great as to require an assistant to the president, and the duties devolving upon the vice-presidents may require assistant vice-presidents.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This 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.
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Banking Principles and Practice, Vol. 3 of 5 (Classic Reprint)
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Paperback. Condición: New. Print on Demand. In this comprehensive book, the author provides a detailed insight into the principles and practices of banking administration. The text delves into the division of authority and responsibility among the shareholders, directors, president, and cashier, who collectively manage this institution. The author examines the legal and other qualifications for the aforementioned parties, elucidating upon their powers and liabilities in the eyes of the law. The crucial role of directors as trustees for shareholders and their duty to supervise the bank's operations is thoroughly discussed. The book also explores the various departments within a bank and their functions. It analyzes the departmentalization of tasks, tracing it to the inherent need for organizing the diverse operations involved. The text further evaluates the methods and systems of management adopted by banks, highlighting the advantages and criticisms associated with each. The work concludes by reiterating the significance of well-organized management in the banking industry. It underscores the need for cooperation among personnel and harnessing collective expertise through committees. Through its comprehensive analysis, this book serves as an indispensable guide for those seeking a thorough understanding of banking administration. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781330398104_0
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Banking Principles and Practice, Vol 3 of 5 Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330398104
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Banking Principles and Practice, Vol 3 of 5 Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330398104
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