Summary

Franklin National Bank of Franklin Square v…

Whatever peculiar meaning the word may have in New York, it is a word which aptly describes, in a national sense, the type of business carried on by these national banks. They do accept and pay interest on time deposits of people's savings, and they must be deemed to have the right to advertise that fact by using the commonly understood description which Congress has specifically selected.
Source: Wikisource

Franklin National Bank of Franklin Square v…

Appellee does not object to national banks taking savings deposits or even to their advertising that fact so long as they do not use the word 'savings.' It takes the position that this word is a misnomer in New York because depositors there, as a result of the State statute, have come to think of savings accounts as something entirely different from those to which the Federal Act is referring.
Source: Wikisource

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