fo 
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APPENDIX 
personal security; and by obtaining, issuing, and ecir 
culating notes according to the provisions of this title 
Provided, That the business of buying and selling invest: 
ment securities shall hereafter be limited to buying and 
selling without recourse marketable obligations evidene- 
ing indebtedness of any person, copartnership, association. 
or corporation, in the form of bonds, notes and/or deben- 
tures, commonly known as investment securities, unde’ 
such further definition of the term “investment securities’ 
88 may by regulation be prescribed by the Comptrolle: 
of the Currency, and the total amount of such investment 
securities of any one obligor or maker held by such asso- 
ciation shall at no time exceed 25 per centum of the 
emount of the capital stock of such association actually 
paid in and unimpaired and 25 per centum of its unim- 
paired surplus fund, but this limitation as to total amount 
shall not apply to obligations of the United States, or 
general obligations of any State or of any political sub- 
division thereof, or obligations issued under authority of 
the Federal Farm Loan Act: And provided further, That 
in carrying on the business commonly known as the safe 
deposit business no such association shall invest in the 
capital stock of a corporation organized under the law 
of any State to conduct a safe deposit business in an 
amount in excess of 15 per centum of the capital stock of 
such association actually paid in and unimpaired and 15 
per centum of its unimpaired surplus. 
But no association shall transact any business except 
such as is incidental and necessarily preliminary to its 
organization, until it has been authorized by the Comp- 
troller of the Currency to commence the business of 
banking. 
FOWER OF NATIONAL BANK TO HOLD REAL PROPERTY 
Section 5137, Revised Statutes, as amended by the act of Febru. 
ary 25, 1927 
Sec. 5137. A national banking association may pur 
chase, hold, and convey real estate for the following pur- 
poses, and for no others: 
First. Such as shall be necessary for its accommoda- 
tion in the transaction of its business. 
Second. Such as shall be mortgaged to it in good faith 
by way of security for debts previously contracted