The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

Bibliographic data

Monograph

Identifikator:: 1856431436

URN:: urn:nbn:de:zbw-retromon-262738

Document type:: Monograph

Title:: The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

Place of publication:: Washington

Publisher:: United States Government Printing Office

Year of publication:: 1931

Scope:: ii, 170 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

APPENDIX of the Treasury shall require the associations thus desig- nated to give satisfactory security, by the deposit of United States bonds and otherwise, for the safe-keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties 8s financial agents of the Government: Provided, That the Secretary shall, on or before the first of J anuary of each year, make a public statement of the securities required during that year for such deposits. And every associa- tion so designated as receiver or depositary of the public money shall take and receive at par all of the national currency bills, by whatever association issued, which have been paid into the Government for internal revenue, or for loans or stocks: Provided, That the Secretary of the Treasury shall distribute the deposits herein provided for. as far as practicable, equitably between the different States and sections. Any association may, upon the deposit with it of public money of a State or any political subdivision thereof, give security for the safe-keeping and prompt payment of the money so deposited, of the same kind as is authorized by the law of the State in which such association is located in the case of other banking institutions in the State CONDITIONS GOVERNING ESTABLISHMENT OF BRANCHES BY NATIONAL BANKS Section 5155, Revised Statutes, as amended by the act approved February 25, 1927 Sec. 5155. The conditions upon which a national bank- ing association may retain or establish and operate a branch or branches are the following: (a) A national banking association may retain and operate such branch or branches as it may have in lawful operation at the date of the approval of this Act, and any national banking association which has continuously maintained and operated not more than one branch for a period of more than twenty-five years immediately preceding the approval of this Act may continue to maintain and operate such branch. (b) If a State bank is hereafter converted into or con- solidated with a national banking association, or if two or more national banking associations are consolidated, such converted or consolidated association. may, with respect to any of such banks, retain and operate any of

Access restriction

Copyright

fullscreen: The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation