banking powers

banking powers
The powers of engaging in the ordinary banking business of receiving deposits, making collections, accepting bills of exchange, making loans, etc. and, in addition the powers in carrying on other functions, which may or may not be incidental to the business of banking, but are such as can be exercised advantageously in connection with the banking business. 10 Am J2d Banks § 270.

Ballentine's law dictionary. . 1998.

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