Full text : National banking under the Federal Reserve System

NATIONAL BANKING UNDER THE FEDERAL RESERVE SYSTEM

Applications for approval—The approval of the Federal Reserve
Board for such interlocking directorates may be obtained through an
informal application in the form of a letter addressed to the Federal
Reserve Board either by the officer, director, or employee involved, or
in his behalf by one of the banks which he is serving. Such application
 should be sent directly to the Federal Reserve Board.
Permats to Serve Edge Corporations
Wirth the approval of the Federal Reserve Board—

l—Any officer, director, or employee of any member bank may serve at the
same time as director, officer, or employee of any Edge Corporation in whose
capital stock the member bank shall have invested.

2— Any officer, director, or employee of any Edge Corporation may serve at the
same time as officer, director, or employee of any other corporation in whose
capital stock such Edge Corporation shall have invested under the provision
of the Edge Act.

Applications for approval—Such approval may be obtained through
an informal application in the form of a letter addressed to the Federal
Reserve Board either by the director, officer, or employee involved, or
in his behalf by one of the banks or corporations involved. Such applications
 should be sent directly to the Federal Reserve Board.

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