NAaTioNAL BANKING UNDER THE FEDERAL RESERVE SYSTEM 
branch bank, subject to such rules and regulations as the Federal Reserve Board may 
prescribe. 
Federal Reserve Banks 
As amended by act approved June 21, 1917 (40 Stat., 232, chap. 32); act approved 
September 26, 1918 (40 Stat., 967, chap. 177); act approved February 25, 1927. 
Sec. 4. When the organization committee shall have established Federal reserve 
districts as provided in section two of this Act, a certificate shall be filed with the 
Comptroller of the Currency showing the geographical limits of such districts and the 
Federal reserve city designated in each of such districts. The Comptroller of the Cur- 
rency shall thereupon cause to be forwarded to each national bank located in 
each district, and to such other banks declared to be eligible by the organization com- 
mittee which may apply therefor, an application blank in form to be approved by the 
organization committee, which blank shall contain a resolution to be adopted by the 
board of directors of each bank executing such application, authorizing a subscription 
to the capital stock of the Federal reserve bank organizing in that district in accordance 
with the provisions of this Act. 
‘When the minimum amount of capital stock prescribed by this Act for the organiza- 
tion of any Federal reserve bank shall have been subscribed and allotted, the organiza- 
tion committee shall designate any five banks of those whose applications have been 
received, to execute a certificate of organization, and thereupon the banks so designated 
shall, under their seals, make an organization certificate which shall specifically state 
the name of such Federal reserve bank, the territorial extent of the district over which 
the operations of such Federal reserve bank are to be carried on, the city and State in 
which said bank is to be located, the amount of capital stock and the number of shares 
into which the same is divided, the name and place of doing business of each bank 
executing such certificate, and of all banks which have subscribed to the capital stock 
of such Federal reserve bank and the number of shares subscribed by each, and the 
fact that the certificate is made to enable those banks executing same, and all banks 
which have subscribed or may thereafter subscribe to the capital stock of such Federal 
reserve bank, to avail themselves of the advantages of this Act. 
The said organization certificate shall be acknowledged before a judge of some court 
of record or notary public; and shall be, together with the acknowledgment thereof, 
authenticated by the seal of such court, or notary, transmitted to the Comptroller of 
the Currency, who shall file, record and carefully preserve the same in his office. 
Upon the filing of such certificate with the Comptroller of the Currency as aforesaid, 
the said Federal reserve bank shall become a body corporate, and as such, and in the 
name designated in such organization certificate, shall have power— 
First. To adopt and use a corporate seal. 
Second. To have succession after the approval of this Act until dissolved by Act of 
Congress or until forfeiture of franchise for violation of law. 
Third. To make contracts. 
Fourth. To sue and be sued, complain and defend, in any court of law or equity. 
Fifth. To appoint by its board of directors such officers and employees as are not 
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