- 
FEDERAL RESERVE ACT Sgcs. 26, 2 
be punished by a fine of not more than $10,000 and by 
imprisonment for not more than five years. 
Sec, 26. All provisions of law inconsistent with or super- 
seded by any of the provisions of this Act are to that 
extent and to that extent only hereby repealed: Provided, 
Nothing in this Act contained shall be construed to repeal 
the parity provision or provisions contained in an Act 
approved March fourteenth, nineteen hundred, entitled 
“An Act to define and fix the standard of value, to main- 
tain the parity of all forms of money issued or coined by 
the United States, to refund the public debt, and for other 
purposes,” and the Secretary of the Treasury may, for the 
purpose of maintaining such parity and to strengthen 
the gold reserve, borrow gold on the security of United 
States bonds authorized by section two of the Act last 
referred to or for one-year gold notes bearing interest at 2 
rate of not to exceed three per centum per annum, or sell 
the same if necessary to obtain gold. When the funds of 
the Treausry on hand justify, he may purchase and retire 
such outstanding bonds and notes. 
Gi gmended bY Sec. 27. The provisions of the Act of May thirtieth. 
See oa neo nineteen hundred and eight, authorizing national currency 
228). associations, the issue of additional national-bank circu- 
lation, and creating a National Monetary Commission, 
which expires by limitation under the terms of such Act 
on the thirtieth day of June, nineteen hundred and four- 
teen, are hereby extended to June thirtieth, nineteen 
hundred and fifteen, and sections fifty-one hundred and 
fifty-three, fifty-one hundred and seventy-two,’ fifty- 
one hundred and ninety-one, and fifty-two hundred and 
fourteen of the Revised Statutes of the United States. 
which were amended by the Act of May thirtieth, nineteen 
hundred and eight, are hereby reenacted to read as such 
sections read prior to May thirtieth, nineteen hundred and 
eight, subject to such amendments or modifications as are 
prescribed in this Act: Provided, however, That section 
aine of the Act first referred to in this section is hereby 
amended so as to change the tax rates fixed in said Act 
by making the portion applicable thereto read as follows: 
National banking associations having circulating notes 
secured otherwise than by bonds of the United States 
shall pay for the first three months a tax at the rate ol 
three per centum per annum upon the average amount 
te Amended as to sec. 5172, Revised Statutes, by act approved Mar. 3, 1919. See AD 
pendix, p. 82.