Boatmen's Savings Bank v. State Savings Assn.

Citations

• 114 U.S. 265
• 5 S. Ct. 878
• 29 L. Ed. 174
• 1885 U.S. LEXIS 1758

Syllabus

<p>A depositor having a balance in bank drew Ms checks upon the bank in favor of a third party. At the time oí the presentment of the cheeks the depositor had become insolvent, and there was held, by the bank a draft indorsed b f him but which had not then matured. The bank refused to pay the checks, and afterwards, the depositor having been adjudged a bankrupt and the draft dishonored, credited the amount of-the balance on the draft, and proved in bankruptcy for the difference only. The State Court decided that the cheeks constituted an equitable assignment of the amount ■ due by the bank. Held, that the case did not present a Federal question.</p>