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SEC. 11 
FEDERAL RESERVE ACT 
half per centum or fraction thereof that such reserve falls 
below thirty-two and one-half per centum. The tax 
shall be paid by the reserve bank, but the reserve bank 
shall add an amount equal to said tax to the rates of 
nterest and discount fixed by the Federal Reserve Board. 
(d) To supervise and regulate through the bureau 
ander the charge of the Comptroller of the Currency the 
issue and retirement of Federal reserve notes, and to 
prescribe rules and regulations under which such notes 
may be delivered by the Comptroller to the Federal 
reserve agents applying therefor. 
(6) To add to the number of cities classified as reserve 
and central reserve cities under existing law in which 
national banking associations are subject to the reserve 
requirements set forth in section twenty of this Act; or 
to reclassify existing reserve and central reserve cities or 
‘0 terminate their designation as such. 
(f) To suspend or remove any officer or director of any 
Federal reserve bank, the cause of such removal to be 
lorthwith communicated in writing by the Federal Re- 
serve Board to the removed officer or director and to said 
bank, 
(8) To require the writing off of doubtful or worthless 
assets upon the books and balance sheets of Federal re- 
serve banks. 
_(h) To suspend, for the violation of any of the provi- 
sions of this Act, the operations of any Federal reserve 
bank, to take possession thereof, administer the same dur- 
Ing the period of suspension, and, when deemed advisable, 
to liquidate or reorganize such bank. 
(i) To require bonds of Federal reserve agents, to make 
tegulations for the safeguarding of all collateral, bonds, 
Federal reserve notes, money or property of any kind 
leposited in the hands of such agents, and said board 
shall perform the duties, functions, or services specified 
in this Act, and make all rules and regulations necessary 
:0 enable said board effectively to perform the same. 
(j) To exercise general supervision over said Federal 
reserve banks. 
(k) To grant by special permit to national banks 
applying therefor, when not in contravention of State or 
local law, the right to act as trustee, executor, adminis- 
‘rator, registrar of stocks and bonds, guardian of estates, 
assignee, receiver, committee of estates of lunatics, or in 
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