Page:United States Statutes at Large Volume 42 Part 1.djvu/1508

 SIXTY—SEVENTH CONGRESS. Sess. IV. C11. 252. 1923. l48l or other securities under the terms of sections 21, 22, 23, and 24 of the ‘Q‘§;M*°» P- *3*% War Finance Corporation Act, as amended, is further extended up mZu¢,vi>-181»•¤4· to and including February 29, 1924: Provided, That if any applica- {"§,°{,{'§;¤.m,,,,,iv,d tion for an advance or for the purchase by the 'War Finance Cor- g§c‘gY°"°“°*“““°“» poration of notes, drafts, bills of exchange, or other securities is ' received at the office of the corporation in the District of Columbia on or before February 29, 1924, such application may be acted upon and approved, and the advance may be made or the notes, drafts, or other securities purchased, at any time prior to March 31, 1924. Im um Sec. 502. That the second iparagraph of section 12 of Title I of the v¤i.°i4i:p.sic(}sai¤¤¤a- VVar Finance Corporation ct, as amended, is further amended to °d‘ read as follows: Tim 0, LW wd " The power of the corporation to issue notes or bonds ma be mm.-Ry. ° exercised at any time prior to January 31, 1927, but no such bonds or notes shall mature later than June 30, 1927 ." Liqummm me _ Sec. 503 (a) That the third paragraph of section 15 of Title I of tended. K such Act, as amended, is amended by striking out at the beginning of ,,d‘?”"’ p'°M’°'"°'°°' such aragraph the words " beginnin July 1, 1923 " and inserting in lieu txhereof the words " beginning Epril 1, 1924."’ od (b) The fourth paragraph of such section, as amended, is amended 2:5,, 1; °§g`f'§`§g,,,d_ by striking out at the beginning of such paragraph the words “After °d· July ,1, 1923," and inserting in lieu thereof the words "After April 1, 1924. munmnnnnss or Nyrronar. mmxs. ,,,§,‘f,°§P‘j_,§,'§’ °‘ ¤* Sno, 504. That section 502 of the Revised Statutes, as amended, is Gégzum mw amended by adding at the end thereof a new paragraph to read as  "‘ follows : °dY“·“·P·”"·““““°‘ “ Eighth. Liabilities incurred under the rovisions of section 202 grggit Bimk paw. of the Federal Farm Loan Act, approved July 17, 1916, as amended. ’ P` °°°' Jonwr coxcnrzssroiur. commrrrmu. C,f,g‘{,‘,§mf,f“¤°“*°¤“ Sec. 506. (a) That a goint committee be appointed, to consist of ¢£isp¢$i»`¤f°Zii md three Members of the anking and Currencey Committee of the Senate, to be appointed by the President thereof, and five Members of the Banking and Currency Committee of the House of Representatives, to be appointed by the Speaker thereof. Vacancies occurring in the membership of the committee shall be filled in the same manner as the orivinal appointments. 1,,,,,,,m, (b) The j ohit committee is authorized to inquire into the eil`ect_of Ryan the present limited membership of State banks and trust companies ¥ac¤1eu»¤nwéticYs.t¤ in the Federal reserve system upon financial conditions in the agri- °,°g§{§_§Q,°$·{,k“;f’;>{;f°°· cultural sections of the United States; the reasons which actuate eligible State banks and trust companies in failing to become members of the Federal reserve system; what administrative measures have been taken and are being taken to increase such membership; and whether or not any change should be made in existing law, or in rules and regulations of the Federal Reserve Board, or in methods of administration, to brin about in the agricultural districts a larger membership of such ianks or trust companies in the Federal reserve svstem. (c) The committee is authorized to sit at any time duringvthe ses- ;,§P,,uQ,°fl”t§ff“% sions or recesses of the Congress, to conduct its hearings at ashing- ;:c°f*Y»¤¤Pl°Y °>‘P°'“· ton or at any other place in the United States, to send for persons, books and papers, to take testimony, to admimster oaths, and to employ experts deemed necessary by such committee a clerk,  a stenographer to report such hearings as may   had m connection with any subject which may be before said committee, such stenographer’s services to be ren ered at a cost not exceeding $1.25 per