1942. 325p

This document is a comprehensive examination of historical banking regulations and practices in Wisconsin, particularly focusing on mutual savings banks and the state's financial oversight mechanisms. It outlines the legal requirements for banks to report annually on abandoned funds and properties, with the Attorney General authorized to take legal action to claim such assets for the state if necessary. The document details the powers and responsibilities of the State Commissioner of Banking, who was tasked with ensuring banks operated within legal guidelines, examining their financial health, and taking control of insolvent banks. The banking department was established to oversee the compliance and execution of banking laws, and the Commissioner of Banking had the authority to appoint deputies and examiners to assist in these duties. Additionally, the document highlights legislative changes, such as the 1937 act allowing banks to refuse payment on outdated checks, and the extension of securities regulations to banks in 1939. These historical insights provide a lens into the evolving nature of banking governance and regulatory frameworks in Wisconsin.