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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IK APPENDIX any agent or examiner appointed to examine the affair of such Federal reserve bank or member bank, or the Federal Reserve Board ; and every receiver of a nationdl banking association who, with like intent to defraud of injure, embezzles, abstracts, purloins, or willfully mis: applies any of the moneys, funds, or assets of his trust. and every person who, with like intent, aids or abets. any officer, director, agent, employee, or receiver in any violation of this section shall be deemed guilty of a misde- meanor, and upon conviction thereof in any district court of the United States shall be fined not more than $5,000 or shall be imprisoned for not more than five years, Of both, in the discretion of the court. Any Federal reserve agent, or any agent or employe? of such Federal reserve agent, or of the Federal Reserve Board, who embezzles, abstracts, or willfully misapplies any moneys, funds, or securities intrusted to his care, 07 without complying with or in violation of the provisions of the Federal reserve Act, issues or puts in circulation any Federal reserve notes shall be guilty of a misde- meanor and upon conviction in any district court of the United States shall be fined not more than $5,000 or im-~ prisoned for not more than five years, or both, in the discretion of the court. I'WO-THIRDS VOTE REQUIRED FOR LIQUIDATION OF NATIONAL BANK Sec. 5220. Any association may go into liquidation and be closed by the vote of its shareholders owning two- thirds of its stock. NOTICE OF VOLUNTARY LIQUIDATION OF NATIONAL BANE SEc. 5221. Whenever a vote is taken to go into liquida- tion it shall be the duty of the board of directors to cause notice of this fact to be certified, under the seal of the association by its president or cashier, to the Comp- troller of the Currency, and publication thereof to be made for a period of two months in a newspaper published in the City of New York, and also in a newspaper pub- lished in the city or town in which the association is located, or if no newspaper is there published, then in the newspaper published nearest thereto, that the association is closing up its affairs, and notifying the hold-

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