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APPENDIX 
other obligations of the United States in an aggregate 
face amount at least 25 per centum of its paid-in capital 
stock. Each such corporation shall at all times keep 
On deposit with such Federal reserve bank an amount of 
Such bonds or other obligations of the United States at 
least equal in face value to 714 per centum of the aggre- 
3ate indebtedness of such corporation, direct or contin- 
Zent, said amount to include the 25 per centum deposited 
38 hereinbefore by this section provided. Except as 
hereinafter provided, such bonds or other obligations 
shall be held by such Federal reserve bank, subject to 
the direction and control of the Comptroller of the Cur- 
‘ency, in trust for the equal and pro rata protection and 
benefit of all holders of notes, debentures, drafts, bills of 
*xchange, or acceptances upon which such corporation 
May be directly or contingently liable. Upon receipt of 
Proper evidence that the amount of such bonds or other 
obligations of the United States so deposited exceeds 714 
per centum of such aggregate indebtedness, the Comp- 
troller of the Currency may release such excess, pro- 
"ided that the amount remaining on deposit shall in no 
vent be reduced below 25 per centum of the paid-in 
*apital stock of such corporation. Under such regulations 
88 the Comptroller of the Currency may prescribe, a Fed- 
ral reserve bank may, upon request of the corporation 
which deposited the same, sell any such bonds or obli- 
Zations for account of such corporation, and permit such 
*Orporation to use the proceeds thereof for the protec- 
tion or preservation of any property pledged or mort- 
aged as security for obligations owned or indorsed by 
‘he corporation. If by reason of such sale the face 
Amount of such bonds or other obligations of the United 
States remaining on deposit with such Federal reserve 
bank shall be less than 714 per centum of such aggregate 
indebtedness of the corporation, no further advances shall 
be made, or notes, drafts, or bills of exchange discounted, 
rediscounted, accepted, or purchased, by such corpora- 
tion until sufficient additional bonds or other obligations 
of the United States have been deposited to make good 
the deficiency. 
41632°—31——7 
05