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

Usage license:: Get license information via the feedback formular.

29, 30 ved Fed- 1ttee of d. rt of rb of shall Act, sen- the yeen Act | APPENDIX PROVISIONS OF OTHER ACTS OF CONGRESS WHICH AFFECT THE FEDERAL RESERVE SYSTEM INTERLOCKING BANK DIRECTORATES Clayton Antitrust Act, approved October 15, 1914, as amended by the Kern amendment, approved May 15, 1916, as amended oe approved May 26, 1920, March 9, 1928, and March 2, Src. 8. That from and after two years from the date of the approval of this Act no person shall at the same ime be a director or other officer or employee of more than one bank, banking association, or trust company organized or operating under the laws of the United States, either of which has deposits, capital, surplus, and undivided profits aggregating more than $5,000,000; and Lo private banker or person who isa director in any bank or trust company organized and operating under the laws of a State, having deposits, capital, surplus, and undivided profits aggregating more than $5,000,000, shall be eligible to be a director in any bank or banking association organized or operating under the laws of the United States. The eligibility of a director, officer, or smployee under the foregoing provisions shall be deter- mined by the average amount of deposits, capital, sur- plus, and undivided profits as shown in the official state~ ments of such bank, banking association, or trust com- pany filed as provided by law during the fiscal year next preceding the date set for the annual election of directors, and when a director, officer, or employee has been elected or selected in accordance with the provisions of this Act it shall be lawful for him to continue as such for one year thereafter under said election or employment. No bank, banking association, or trust company or- zanized or operating under the laws of the United States, In any city or incorporated town or village of more than two hundred thousand inhabitants, as shown by the last —— er So RR. oti ——— rere ! Amended by secs. 25 and 25 (a) of Federal Reserve Act, as to corporations engaged n foreign banking and financial operations, See ante, pp. 53 and 55.

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