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FEDERAL RESERVE ACT 
crowing out of domestic transactions shall in no event 
3xceed fifty per centum of such capital stock and surplus. 
Any Federal reserve bank may make advances to its 
member banks on their promissory notes for a period 
not exceeding fifteen days at rates to be established by 
such Federal reserve banks, subject to the review and 
determination of the Federal Reserve Board, provided 
Such promissory notes are secured by such notes, drafts, 
bills of exchange, or bankers’ acceptances as are eligible 
for rediscount or for purchase by Federal reserve banks 
under the provisions of this Act, or by the deposit or 
pledge of bonds or notes of the United States.® 
Section fifty-two hundred and two of the Revised Stat- 
utes of the United States is hereby amended so as to read 
as follows: No national banking association shall at any 
time be indebted, or in any way liable, to an amount 
exceeding the amount of its capital stock at such time 
actually paid in and remaining undiminished by losses or 
otherwise, except on account of demands of the nature 
following: 
First. Notes of circulation. 
Second. Moneys deposited with or collected by the 
association. | 
Third. Bills of exchange or drafts drawn against money 
actually on deposit to the credit of the association, or due 
thereto. 
Fourth. Liabilities to the stockholders of the associa- 
ion for dividends and reserve profits. 
Fifth. Liabilities incurred under the provisions of the 
Federal Reserve Act. 
Sixth. Liabilities incurred under the provisions of the 
War Finance Corporation Act.” 
Seventh. Liabilities created by the indorsement of ac- 
cepted bills of exchange payable abroad actually owned 
by the indorsing bank and discounted at home or abroad.” 
Eighth. Liabilities incurred under the provisions of 
section 202 of Title II of the Federal Farm Loan Act, 
approved July 17, 1916, as amended by the Agricultural 
Credits Act of 1923.7 
3 Or Treasury bills or certificates of indebtedness. See act approved June 17, 1929, 
Appendix, p. 75. 
1 These three subparagraphs were added to sec. 5202, Revised Statutes, by the act of 
Apr, 5, 1918, by the act of Oct. 22, 1919, and by the act of Feb. 25, 1927, respectively. 
See Appendix, p. 85. 
41632°—31—3 
3