2) 
2) 
—_ = 
ET 
No bank that is a member of the Federal Reserve Systknay keep FL 
on deposit with any state bank or trust company whith , 3% a i 
member of the system, a sum exceeding 10 per cent. of Ha LY id 
capital and surplus. No member bank may act as the medium or 
agent of a non-member bank in applying for or receiving discounts 
from the Federal Reserve Bank, except by permission of the Federal 
Reserve Board. The Board has ruled that except in emergency, it 
will not grant permission to member banks to rediscount paper of non- 
member banks which are eligible for membership. 
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