APPENDIX 
or trust companies, whether organized under the laws of the United States or any State, 
if such other bank, banking association, or trust company is not in substantial com- 
petition with such banker or member bank. 
The consent of the Federal Reserve Board may be procured before the person apply- 
ing therefor has been elected as a class A director of a Federal reserve bank or as a 
director of any member bank. 
* * 
When any person elected or chosen as a director or officer or selected as an employee 
of any bank or other corporation subject to the provisions of this Act is eligible at the 
time of his election or selection to act for such bank or other corporation in such capa- 
city his eligibility to act in such capacity shall not be affected and he shall not become 
or be deemed amenable to any of the provisions hereof by reason of any change in the 
affairs of such bank or other corporation from whatsoever cause, whether specifically 
expected by any of the provisions hereof or not, until the expiration of one year from 
the date of his election or employment. 
i