158 CONSOLIDATION OF NATIONAL BANKING ASSOCIATIONS 
by leasing receptacles on its premises for the safe keeping of articles if value;” 
and by adding at the end thereof a new paragraph as follows: 
“Eighth. To own and hold stock in any corporation organized under the law 
of any State for the sole and exclusive purpose of conducting a safe-deposit 
business which said business shall be located upon or adjacent to the premises 
of such association: Provided, however, That the amount invested in the capital 
stock of any such safe-deposit corporation by such association shall not exceed 
15 per centum of the capital stock of such association actually paid in and unim- 
paired and 15 per centum of its unimpaired surplus.” 
Comment: This does not seem to be a provision properly to be added at the 
end of section 13 of the Federal reserve act as under the McFadden bill, but is 
referably to be included among charters power in section 5136 of the Revised 
tin The words ‘““sole and exclusive” inserted as above are recommended 
by national bank examiners in order to prevent transaction of other business by 
“safe deposit’ companies. 
Sec. 16. That section 22 of the Federal reserve act, subsection (a), paragraph 
2 thereof, be amended to read as follows: 
“(a) No member bank and no officer, director or employee thereof shall here- 
after make any loan or grant any gratuity to any bank examiner. Any bank 
officer, director, or employee violating this provision shall be deemed guilty of a 
misdemeanor and shall be imprisoned not exceeding one year or fined not more 
than $5,000, or both, and may be fined a further sum equal to the money so loaned 
or gratuity given. Any examiner or assistant examiner who shall accept a loan 
or gratuity from any bank examined by hin or from an officer, director, or em- 
ployee thereof, or who shall steal or unlawfully take, or unlawfully conceal any 
money, note, draft, bond or security, or any other property of value in the pos- 
session of any member bank or from any safe deposit box in or adjacent to the 
premises of such bank, shall be deemed guilty of a misdemeanor and shall upon 
conviction thereof in any district court of the United States be imprisoned for not 
exceeding one year, or fined for not more than $5,000 or both, and may be fined 
a further sum equal to the money so loaned, gratuity given, or property stolen, 
and shall forever thereafter be disqualified from holding office as a national bank 
examiner.” 
Comment: This is paragraph (a) of section 22 of the Federal reserve act in the 
amended form proposed by the McFadden bill. (Sec. 16.) 
Sec. 17. That section 5209 of the Revised Statutes of the United States 
be amended by adding at the end thereof four new paragraphs to read as follows: 
“(c) If two or more persons conspire to boycott, or to blacklist, or to cause a 
general withdrawal of deposits from, or to cause a withdrawal of patronage from 
or otherwise to injure the business or good will of any national banking associ- 
ation, and one or more of such parties do any act to effect the object of such 
conspiracy each of the parties to such conspiracy shall be fined not more than 
$5,000 or imprisoned for not more than five years or both. 
“(d) Whoever maliciously or with intent to deceive makes, publishes, utters, 
repeats, or circulates any false report concerning any national banking associa- 
tion which imputes or tends to impute insolvency or unsound financial con- 
dition or financial embarrassment, or which may tend to cause or provoke or aid 
in causing or provoking a general withdrawal of deposits from such bank or which 
may otherwise injure or tend to injure the business or good will of such bank 
shell be fined not more than $5,000 or imprisoned for not more than five vears 
or both. . 
“(e) Whoever shall assault any person having lawful charge, control or custody 
of any money, securities, funds, or other property in the possession of any national 
banking association with intent to rob, steal, or purloin such money, securities 
funds, or other property or any part thereof, or whoever shall rob such persons 
of such money, securities, funds, or property, or any part thereof, shall be im- 
prisoned for not more than twenty years; and if in effecting or attempting to 
effect such robbery he shall wound such person having custody of such money, 
securities, funds, or other property, or put his life in jeopardy by the use of a 
dangerous weapon he shall be imprisoned for not more than twenty-five years. 
oD Whoever shall break into and enter any banking house of any national 
banking association with intent to commit a felony therein shall be imprisoned 
for not more than twenty years. 
“The exercise of the powers conferred by this subsection shall be subject to 
the law of the State in which the national banking association is located in so 
far as the State law regulates the sale of such investment securities.