Preußisches Landbuch

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

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Identifikator:: 834285843

URN:: urn:nbn:de:zbw-retromon-29464

Document type:: Monograph

Author:: Rauer, Karl Friedrich http://d-nb.info/gnd/12122385X

Title:: Preußisches Landbuch

Place of publication:: Kiel

Scope:: 1 Online-Ressource (IV, 805 S.)

Collection:: Economics Books

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392 FEDERAL RESERVE ACT SECs. 23. 2 (e) No member bank shall pay to any director, officer. attorney, or employee a greater rate of interest on the deposits of such director, officer, attorney, or employee than that paid to other depositors on similar deposits with such member bank. (f) If the directors or officers of any member bank shall knowingly violate or permit any of the agents, officers, or directors of any member bank to violate any of the provisions of this section or regulations of the board made under authority thereof, every director and officer participating in or assenting to such violation shall be held liable in his personal and individual capacity for all damages which the member bank, its shareholders, or any other persons shall have sustained in consequence of such violation. Sec. 23. The stockholders of every national banking association shall be held individually responsible for all contracts, debts, and engagements of such association, each to the amount of his stock therein, at the par value thereof in addition to the amount invested in such stock. The stockholders in any national banking association who shall have transferred their shares or registered the transfer thereof within sixty days next before the date of the failure of such association to meet its obli- gations, or with knowledge of such impending failure, shall be liable to the same extent as if they had made no such transfer, to the extent that the subsequent transferee fails to meet such liability; but this provision shall not be construed to affect in any way any recourse which such shareholders might otherwise have against those in whose names such shares are registered at the time of such failure. LOANS ON FARM LANDS Sec. 24. Any national banking association may make sons amended by Joans secured by first lien upon improved real estate, St Ta nd including improved farm land, situated within its Federal 400) ey 1 reserve distriot or within a radius of one hundred miles chap. 191)- of the place in which such bank is located, irrespective of district lines. A loan secured by real estate within the meaning of this section shall be in the form of an obligation or obligations secured by mortgage, trust deed. or other such instrument upon real estate when the entire

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