FEDERAL RESERVE ACT SEC 2 
States, excluding Alaska, into districts, each district to 
contain only one of such Federal reserve cities, The de- 
termination of said organization committee shall not be 
subject to review except by the Federal Reserve Board 
when organized: Provided, That the districts shall be 
apportioned with due regard to the convenience and cus- 
somary course of business and shall not necessarily be 
coterminous with any State or States. The districts 
thus created may be readjusted and new districts may 
from time to time be created by the Federal Reserve 
Board, not to exceed twelve in all. Such districts shall 
be known as Federal reserve districts and may be desig- 
nated by number. A majority of the organization com- 
mittee shall constitute a quorum with authority to act. 
Said organization committee shall be authorized to 
smploy counsel and expert aid, to take testimony, to send 
for persons and papers, to administer osths, and to make 
such investigation as may be deemed necessary by the 
sald committee in determining the reserve districts and 
in designating the cities within such districts where such 
Federal reserve banks shall be severally located. The 
said committee shall supervise the organization in each 
of the cities designated of a Federal reserve bank, which 
shall include in its title the name of the city in which it is 
situated, as “Federal Reserve Bank of Chicago.” 
Under regulations to be prescribed by the organization 
committee, every national banking association in the 
United States is hereby required, and every eligible bank 
in the United States and every trust company within the 
District of Columbia, is hereby authorized to signify in 
writing, within sixty days after the passage of this Act, 
its acceptance of the terms and provisions hereof. When 
the organization committee shall have designated the 
cities in which Federal reserve banks are to be organized, 
and fixed the geographical limits of the Federal reserve 
districts, every national banking association within that 
district shall be required within thirty days after notice 
from the organization committee, to subscribe to the 
capital stock of such Federal reserve bank in a sum equal 
fo six per centum of the paid-up capital stock and surplus 
of such bank, one-sixth of the subscription to be payable 
on call of the organization committee or of the Federal 
Reserve Board, one-sixth within three months and one- 
sixth within six months thereafter, and the remainder of