Savings Bank v. Archbold
104 U.S. 708 (1881)

Annotate this Case

U.S. Supreme Court

Savings Bank v. Archbold, 104 U.S. 708 (1881)

ft:Savings Bank v. Archbold

104 U.S. 708

Syllabus

1. The last clause of sec. 3408 of the Revised Statutes exempts savings banks of the character there mentioned from taxation on so much of their deposits as they have invested in securities of the United States, and on all sums not exceeding $2,000 which they have on deposit in the name of any one person.

2. The Act of March 1, 1879, c. 125, 20 Stat. 327, does not change the effect of that clause.

The facts are stated in the opinion of the Court.

Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.