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  • (Revised) Officer of Bank Financial Institution Affidavit

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    Get The Bank To Return Your Loan (Deposit) We are all aware of the definition of Loan: LOAN defined: Deposit Of Money By A Customer With Banker; Gimbel Bros. v. White, 10 N.Y.S.2d 666, 667, 256 App.Div. 439 Bailment with- out reward, consisting of the delivery of an article by the owner to another person, to be used by the latter gratuitously, and returned either in specie or in kind. A sum of money confided to another. Nichols v. Fearson, 7 Pet. 109, 8 L. Ed. 623; Booth v. Terrell, 16 Ga. 20, 25; Black's Law Dictionary Fourth Edition (page 1085) DOUBLE ENTRY BOOKKEEPING defined: An accounting technique, which records each transaction as both a credit and a debit. Credit entries represent the sources of financing, and the debit entries represent the uses of that financing. Since each credit has one or more corresponding debits (and vice versa), the system of double entry bookkeeping always leads to a set of balanced ledger credit and debit accounts. Selected entries from these ledger balances are then used to prepare the income statement. No bank or any other type of financial institution has ever loaned you anything (that you did not already have) especially "money" what we refer to as money is nothing more than a "promise to pay money" (at some date in the future) Federal reserve notes are obligations of the UNITED STATES INC they are not obligations of the people... we have no obligation (only to one another) It's imperative to over-stand we can't owe "money"... and “banks” “financial institutions” can't loan "money" or “credit.” MODERN MONEY MECHANICS A Workbook on Bank Reserves and Deposit Expansion Federal Reserve Bank of Chicago This complete booklet was originally produced and distributed free by: Public Information Center Federal Reserve Bank of Chicago P. O. Box 834 Chicago, IL 60690-0834 telephone: 312 322 5111 But it is now out of print. The purpose of this booklet is to describe the basic process of money creation in a "fractional reserve" banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States (Corporation). The relationships shown are based on simplifying assumptions. For the sake of simplicity, the relationships are shown as if they were mechanical, but they are not, as is described later in the booklet. Thus, they should not be interpreted to imply a close and predictable relationship between a specific central bank transaction and the quantity of money. The introductory pages contain a brief general description of the characteristics of money and how the U.S. money system works. The illustrations in the following two sections describe two processes: first, how bank deposits expand or contract in response to changes in the amount of reserves supplied by the central bank; and second, how those reserves are affected by both Federal Reserve actions and other factors. A final section deals with some of the elements that modify, at least in the short run, the simple mechanical relationship between bank reserves and deposit money. Money is such a routine part of everyday living that its existence and acceptance ordinarily are taken for granted. A user may sense that money must come into being either automatically as a result of economic activity or as an outgrowth of some government operation. But just how this happens all too often remains a mystery. What is Money? If money is viewed simply as a tool used to facilitate transactions, only those media that are readily accepted in exchange for goods, services, and other assets need to be considered. Many things - from stones to baseball cards - have served this monetary function through the ages. Today, in the United States (Corporation), money used in transactions is mainly of three kinds - currency (paper money and coins in the pockets and purses of the p

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    Get The Bank To Return Your Loan (Deposit) We are all aware of the definition of Loan: LOAN defined: Deposit Of Money By A Customer With Banker; Gimbel Bros. v. White, 10 N.Y.S.2d 666, 667, 256 App.Div. 439 Bailment with- out reward, consisting of the delivery of an article by the owner to another person, to be used by the latter gratuitously, and returned either in specie or in kind. A sum of money confided to another. Nichols v. Fearson, 7 Pet. 109, 8 L. Ed. 623; Booth v. Terrell, 16 Ga. 20, 25; Black's Law Dictionary Fourth Edition (page 1085) DOUBLE ENTRY BOOKKEEPING defined: An accounting technique, which records each transaction as both a credit and a debit. Credit entries represent the sources of financing, and the debit entries represent the uses of that financing. Since each credit has one or more corresponding debits (and vice versa), the system of double entry bookkeeping always leads to a set of balanced ledger credit and debit accounts. Selected entries from these ledger balances are then used to prepare the income statement. No bank or any other type of financial institution has ever loaned you anything (that you did not already have) especially "money" what we refer to as money is nothing more than a "promise to pay money" (at some date in the future) Federal reserve notes are obligations of the UNITED STATES INC they are not obligations of the people... we have no obligation (only to one another) It's imperative to over-stand we can't owe "money"... and “banks” “financial institutions” can't loan "money" or “credit.” MODERN MONEY MECHANICS A Workbook on Bank Reserves and Deposit Expansion Federal Reserve Bank of Chicago This complete booklet was originally produced and distributed free by: Public Information Center Federal Reserve Bank of Chicago P. O. Box 834 Chicago, IL 60690-0834 telephone: 312 322 5111 But it is now out of print. The purpose of this booklet is to describe the basic process of money creation in a "fractional reserve" banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States (Corporation). The relationships shown are based on simplifying assumptions. For the sake of simplicity, the relationships are shown as if they were mechanical, but they are not, as is described later in the booklet. Thus, they should not be interpreted to imply a close and predictable relationship between a specific central bank transaction and the quantity of money. The introductory pages contain a brief general description of the characteristics of money and how the U.S. money system works. The illustrations in the following two sections describe two processes: first, how bank deposits expand or contract in response to changes in the amount of reserves supplied by the central bank; and second, how those reserves are affected by both Federal Reserve actions and other factors. A final section deals with some of the elements that modify, at least in the short run, the simple mechanical relationship between bank reserves and deposit money. Money is such a routine part of everyday living that its existence and acceptance ordinarily are taken for granted. A user may sense that money must come into being either automatically as a result of economic activity or as an outgrowth of some government operation. But just how this happens all too often remains a mystery. What is Money? If money is viewed simply as a tool used to facilitate transactions, only those media that are readily accepted in exchange for goods, services, and other assets need to be considered. Many things - from stones to baseball cards - have served this monetary function through the ages. Today, in the United States (Corporation), money used in transactions is mainly of three kinds - currency (paper money and coins in the pockets and purses of the p

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    (Revised) Officer of Bank Financial Institution Affidavit

    Uploaded by

    in1or
    Get The Bank To Return Your Loan (Deposit) We are all aware of the definition of Loan: LOAN defined: Deposit Of Money By A Customer With Banker; Gimbel Bros. v. White, 10 N.Y.S.2d 666, 667, 256 App.Div. 439 Bailment with- out reward, consisting of the delivery of an article by the owner to another person, to be used by the latter gratuitously, and returned either in specie or in kind. A sum of money confided to another. Nichols v. Fearson, 7 Pet. 109, 8 L. Ed. 623; Booth v. Terrell, 16 Ga. 20, 25; Black's Law Dictionary Fourth Edition (page 1085) DOUBLE ENTRY BOOKKEEPING defined: An accounting technique, which records each transaction as both a credit and a debit. Credit entries represent the sources of financing, and the debit entries represent the uses of that financing. Since each credit has one or more corresponding debits (and vice versa), the system of double entry bookkeeping always leads to a set of balanced ledger credit and debit accounts. Selected entries from these ledger balances are then used to prepare the income statement. No bank or any other type of financial institution has ever loaned you anything (that you did not already have) especially "money" what we refer to as money is nothing more than a "promise to pay money" (at some date in the future) Federal reserve notes are obligations of the UNITED STATES INC they are not obligations of the people... we have no obligation (only to one another) It's imperative to over-stand we can't owe "money"... and “banks” “financial institutions” can't loan "money" or “credit.” MODERN MONEY MECHANICS A Workbook on Bank Reserves and Deposit Expansion Federal Reserve Bank of Chicago This complete booklet was originally produced and distributed free by: Public Information Center Federal Reserve Bank of Chicago P. O. Box 834 Chicago, IL 60690-0834 telephone: 312 322 5111 But it is now out of print. The purpose of this booklet is to describe the basic process of money creation in a "fractional reserve" banking system. The approach taken illustrates the changes in bank balance sheets that occur when deposits in banks change as a result of monetary action by the Federal Reserve System - the central bank of the United States (Corporation). The relationships shown are based on simplifying assumptions. For the sake of simplicity, the relationships are shown as if they were mechanical, but they are not, as is described later in the booklet. Thus, they should not be interpreted to imply a close and predictable relationship between a specific central bank transaction and the quantity of money. The introductory pages contain a brief general description of the characteristics of money and how the U.S. money system works. The illustrations in the following two sections describe two processes: first, how bank deposits expand or contract in response to changes in the amount of reserves supplied by the central bank; and second, how those reserves are affected by both Federal Reserve actions and other factors. A final section deals with some of the elements that modify, at least in the short run, the simple mechanical relationship between bank reserves and deposit money. Money is such a routine part of everyday living that its existence and acceptance ordinarily are taken for granted. A user may sense that money must come into being either automatically as a result of economic activity or as an outgrowth of some government operation. But just how this happens all too often remains a mystery. What is Money? If money is viewed simply as a tool used to facilitate transactions, only those media that are readily accepted in exchange for goods, services, and other assets need to be considered. Many things - from stones to baseball cards - have served this monetary function through the ages. Today, in the United States (Corporation), money used in transactions is mainly of three kinds - currency (paper money and coins in the pockets and purses of the p

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    Common-Law Trust Affidavit Public Notice/Public Record The undersigned affiant, being duly sworn on oath, over the age of 18 of sound mind deposes and says: That he/she is an officer of a business that is in business in collecting on promissory notes or loan agreements (bailments) of which we recognize said business as bank financial institution. That, doing business as CEO CFO or as officer of said bank financial institution he/she has the authority to execute this affidavit on behalf of said bank financial institution to bind his/her self and bank financial institution to its provisions and said officer will have this affidavit executed before notary republic. The policies and procedures of the Federal Reserve Bank and its member banks and major banks within America over the past 10 decades have never had a policy regarding loans (deposits) to create new money or credit and lend out the new money or credit and the policies of said banks financial institutions have never created the economics similar to or like stealing, counterfeiting and swindling. The policy of said banks financial institutions is that the party who funded the *loan, pursuant to bookkeeping entries, is to be returned the money. The bank loan (deposit) received with this bank in demand deposit account (DDA) agrees that generally accepted accounting principles (GAAP) book entries were followed. I declare under penalties of perjury, fidelity bond (commercial liability) that the foregoing is true and correct. Executed on (date). (Print) Name of Bank Officer____________________________________ Signature of Bank Officer_______________________________________ Name of Bank Financial Institution________________________________________________ Address of Bank________________________________________________ City/State_______________________________________________________

    CERTIFICATE OF ACNOWLEDGEMENT Sworn to and subscribed before me this ___day of ______________, 20___. Signature of Notary Public__________________________________________
    *LOAN defined: Deposit Of Money By A Customer With Banker; Gimbel Bros. v. White, 10 N.Y.S.2d 666, 667, 256 App.Div. 439 Bailment without reward, consisting of the delivery of an article by the owner to another person, to be used by the latter gratuitously, and returned either in specie or in kind. Black's Law Dictionary Fourth Edition (page 1085) CONTRACTS IMPERFECTLY RECIPROCAL defined: are those in which the obligation of one of the parties only is a principal obligation of the contract; as, mandate, deposit, loan for use, and the like. In all reciprocal contracts the consent of the parties must be expressed. Poth. Obl. n. 9; Civil Code of Louis. art. 1758, 1759. Law Dictionary by: John Bouvier Revised Sixth Edition, 1856

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