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Sze. 25 (2) FEDERAL RESERVE ACT 
Currency of the United States: Provided, however, That 
the assets of the corporation subject to the laws of other 
Countries or jurisdictions shall be dealt with in accordance 
With the terms of such laws. 
Every corporation organized under the provisions of 
this section shall hold a meeting of its stockholders 
annually upon a date fixed in its by-laws, such meeting 
to be held at its home office in the United States. Every 
ch corporation shall keep at its home office books con- 
taining the names of all stockholders thereof, and the 
Names and addresses of the members of its board of 
directors, together with copies of all reports made by it to 
the Federal Reserve Board. Every such corporation shall 
Make reports to the Federal Reserve Board at such times 
and in such form as it may require; and shall be subject 
lo examination once a year and at such other times as 
May be deemed necessary by the Federal Reserve Board 
by examiners appointed by the Federal Reserve Board, 
the cost, of such examinations, including the compensa- 
don of the examiners, to be fixed by the Federal Reserve 
Board and to be paid by the corporation examined. 
The directors of any corporation organized under the 
Provisions of this section may, semiannually, declare a 
dividend of so much of the net profits of the corporation 
88 they shall judge expedient; but each corporation shall, 
before the declaration of a dividend, carry one-tenth of 
its net profits of the preceding half year to its surplus 
fund until the same shall amount to 20 per centum of its 
"pital stock. 
Any corporation organized under the provisions of this 
Section shall be subject to tax by the State within which 
'ts home office is located in the same manner and to the 
Same extent as other corporations organized under the 
laws of that State which are transacting a similar char- 
Acter of business. The shares of stock in such corporation 
shall also be subject to tax as the personal property of 
the owners or holders thereof in the same manner and to 
the same extent as the shares of stock in similar State 
“Orporations. 
Any corporation organized under the provisions of this 
ction may at any time within the two years next 
Previous to the date of the expiration of its corporate 
®Xistence, by a vote of the shareholders owning two- 
thirds of its stock, apply to the Federal Reserve Board 
41632°—31——>5 
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