The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

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Monograph

Identifikator:: 1856431436

URN:: urn:nbn:de:zbw-retromon-262738

Document type:: Monograph

Title:: The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

Place of publication:: Washington

Publisher:: United States Government Printing Office

Year of publication:: 1931

Scope:: ii, 170 Seiten

Digitisation:: 2022

Collection:: Economics Books

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J). 21 1 W he ks 1ts “ve VS. 88- ti- nd ith 1M, ; ve ve un of ct ir, "08 . al- 18t on \p- ful oy wet ad y vu ad VS: ral = ce v: 1y be as 3 of SEC. 21 FEDERAL RESERVE ACT and may at any time direct the holding of a special ®Xamination of State banks or trust companies that are Stockholders in any Federal reserve bank. The exam- Ter making the examination of any national bank, or of any other member bank, shall have power to make a thorough examination of all the affairs of the bank, and Dn doing so he shall have power to administer oaths nd to examine any of the officers and agents thereof under oath and shall make a full and detailed report of the condition of said bank to the Comptroller of the “urrency, The Federal Reserve Board, upon the recommenda- lon of the Comptroller of the Currency, shall fix the Salaries of all bank examiners and make report thereof 0 Congress. The expense of the examinations herein Provided for shall be assessed by the Comptroller of the vurrency upon the banks examined in proportion to i8sets or resources held by the banks upon the dates of *Xamination of the various banks. In addition to the examinations made and conducted oy the Comptroller of the Currency, every Federal re- serve bank may, with the approval of the Federal reserve gent or the Federal Reserve Board, provide for special Sxamination of member banks within its district. The ®xpense of such examinations may, in the discretion of the Federal Reserve Board, be assessed against the banks xamined, and, when so assessed, shall be paid by the banks examined. Such examinations shall be so con- ducted as to inform the Federal reserve bank of the condi- Hon of its member banks and of the lines of credit which are being extended by them. Every Federal reserve dank shall at all times furnish to the Federal Reserve Board such information as may be demanded concerning the condition of any member bank within the district of the said Federal reserve bank. No bank shall be subject to any visitatorial powers Other than such as are authorized by law, or vested in the courts of justice or such as shall be or shall have been exercised or directed by Congress, or by either House thereof or by any committee of Congress or of either House duly authorized. : The Federal Reserve Board shall, at least once each year, order an examination of each Federal reserve bank, and upon joint application of ten member banks iJ

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