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Bres. 3, 4 FEDERAL RESERVE ACT 
3 
may be necessary, is hereby appropriated, out of any 
moneys in the Treasury not otherwise appropriated, for 
the payment of such expenses. 
BRANCH OFFICES 
Sec. 8. The Federal Reserve Board may permit or As amended by 
require any Federal reserve bank to establish branch June 21, 3617 G0 
>anks within the Federal reserve district in which it is 32), ’ 2s. o = 
ocated or within the district of any Federal reserve 12ss,chap. 1m." 
>ank which may have been suspended. Such branches, 
subject to such rules and regulations as the Federal Re- 
serve Board may prescribe, shall be operated under the 
supervision of a board of directors to consist of not more 
shan seven nor less than three directors, of whom a 
majority of one shall be appointed by the Federal reserve 
bank of the district, and the remaining directors by the 
Federal Reserve Board. Directors of branch banks 
shall hold office during the pleasure of the Federal Re- 
serve Board. 
The Federal Reserve Board may at any time require 
any Federal Reserve Bank to discontinue any branch of 
such Federal Reserve Bank established under this sec- 
tion. The Federal Reserve Bank shall thereupon proceed 
io wind up the business of such branch bank, subject to 
such rules and regulations as the Federal Reserve Board 
may prescribe. 
FEDERAL RESERVE BANKS 
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Sec. 4. When the organization committee shall have 4s amended by 
>stablished Federal reserve districts as provided in sec- Jus 21, hr (40 
tion two of this Act, a certificate shall be filed with the 20 Sept, %, 101% 
Comptroller of the Currency showing the geographical chap 177) Jeb. 
limits of such districts and the Federal reserve city i234, chap. 1615; 
lesignated in each of such districts. The Comptroller of Sa, 8, hap. 
the Currency shall thereupon cause to be forwarded to 3H 
ach national bank located in each district, and to such 
ther banks declared to be eligible by the organization 
:ommittee which may apply therefor, an application 
blank in form to be approved by the organization com- 
mittee, which blank shell contain a resolution to be 
adopted by the board of directors of each bank executing 
such application, authorizing a subscription to the capi- 
tal stock of the Federal reserve bank organizing in that 
district in accordance with the provisions of this Act,