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FEDERAL RESERVE ACT SECs. 23. 2 
(e) No member bank shall pay to any director, officer. 
attorney, or employee a greater rate of interest on the 
deposits of such director, officer, attorney, or employee 
than that paid to other depositors on similar deposits 
with such member bank. 
(f) If the directors or officers of any member bank shall 
knowingly violate or permit any of the agents, officers, 
or directors of any member bank to violate any of the 
provisions of this section or regulations of the board 
made under authority thereof, every director and officer 
participating in or assenting to such violation shall be 
held liable in his personal and individual capacity for all 
damages which the member bank, its shareholders, or 
any other persons shall have sustained in consequence 
of such violation. 
Sec. 23. The stockholders of every national banking 
association shall be held individually responsible for all 
contracts, debts, and engagements of such association, 
each to the amount of his stock therein, at the par value 
thereof in addition to the amount invested in such stock. 
The stockholders in any national banking association 
who shall have transferred their shares or registered 
the transfer thereof within sixty days next before the 
date of the failure of such association to meet its obli- 
gations, or with knowledge of such impending failure, 
shall be liable to the same extent as if they had made 
no such transfer, to the extent that the subsequent 
transferee fails to meet such liability; but this provision 
shall not be construed to affect in any way any recourse 
which such shareholders might otherwise have against 
those in whose names such shares are registered at the 
time of such failure. 
LOANS ON FARM LANDS 
Sec. 24. Any national banking association may make 
sons amended by Joans secured by first lien upon improved real estate, 
St Ta nd including improved farm land, situated within its Federal 
400) ey 1 reserve distriot or within a radius of one hundred miles 
chap. 191)- of the place in which such bank is located, irrespective 
of district lines. A loan secured by real estate within 
the meaning of this section shall be in the form of an 
obligation or obligations secured by mortgage, trust deed. 
or other such instrument upon real estate when the entire