Page:United States Statutes at Large Volume 42 Part 1.djvu/211

 SIXTY-SEVENTH CONGRESS. Sess. I. Ch. 80. 1921. 183 years from the date upon which such note draft bill of exchange, or D°°u"€ in °°°° j other instrument was acquired by the Corphratiori. The Corporation i¤i§c?¤gi>ai;§— IS further authorized, upon such terms as it may prescribe, to pm'- thi°}$i$u',pp.31s,1i4s. chase, sell, or otherwise deal in acceptances, adequately secured, issued by banking corporatrons orglamzed under section 25 (a) of the P,om_ Floderall Reselgle Act: Proocded, That no purchase of acceptances of mhsgrilgstzocggcxlgyglg t e said ban g_corporations shall be made except for the purpose u,§$_ of assrsting the said banking corporations in financ1ngLthe exportation of agricultural and manufactured products from the nited States to M m` foreign coimtries. No such acceptances shall be purchased which ° ty umu°ti°°' have a maturity at the time of such purchase of more than three years. t_ "Advan¢;;sJq§ p1{rc£§;s may be made under this section at any ;.,$2dv2§°f§iyZ€°3t2§l' imc prior y. _ _ “Sec. 25. The aggregate amount of all advances made under sec- v$£?E'£¤°: n¤°Ii¢¤£d` tions 21, 22,_and 24, and of all notes, drafts, bills of exchange, or otgertswurggistpnqgcga.segdu£1;lo)16(se)c(t€)o(n02)4 remaining unpaid, shall n a any xce . " Sec. 26. Whenever in this lactithe words ‘bank, banker, or trust F°I§,%'f*°g‘ng{,§,?:,“,,f_ company' are used, they shall be deemed to include any reputable ¤¤i¢¤¤¤¤s· · and responsible financing institution incorporated under the laws of any Staltéon or of the Pmtéed States with resources adequate to the un erta g contemp ate . " Sec. 27. In order to enable the Corporation to carry out the Eur- (,,$,$,E',‘,*""°1}f,' poses of this Act, the Comptroller of the Currency is hereby author- my;] gvargg ized to furnish to the Corporation for its confidential use suc reports, meivxng mvmas. records, or·other mformation as he may have available relatmglto financial condition of national banks to which the Corporation as. made_ or contemplates makmé advances, and to make, through his examiners, for the conlidenti use of the Corqloration, examinations 0t§;°, m*,¤*g;°¤ °' of banks, bankers, or trust comdpanies, other t an national banks, to ’ ' which the Corporation has ma e or contemplates making advances: _ Promged, Eliot nge incl]; examination shall be made without the con-  to ¤m%¤t sento suc an an er, or trust company. thereof- I "S1=:o. 28. N ol person, bank,fb]a1nker, or trpot company receiving  by money under the provisions o t is Act shal oan suc money at a rate of interest greater than 2 per centum per annum in excess of the rate of interest charged or received by the Corporation upon such money. " Sec. 4. Section 21 of Title I of the War Finance Cogporation Act (,,gf‘*"°“°°“ ‘° °‘P°"°‘ is hereby amended by striking out paragraphs (b) an (c) thereof, °g¤1.m,p.1a1a,mmd. and by striking out at the egmning of the first paragraph the rama, sa., stricken letter (a); °“ ‘ "Sr:c. 5. The first paragraph of  ection 12 of Title I of the War _,Y"‘·*°·P·5°°·°“‘“"*‘ Finance Corporation Act is hereby amended and reenacted to read as follows: "SEc. 12. That the Corporation shall be empowered and author- s0¤Is;i'§°°;»¤fii¤rf¤($ii°.° G ized to issue and have outstanding at any one time its notes or bonds I·*¤¤*- in an amount aggregating not more than three times its paid-m capital, such notes or bonds to mature not less than six months nor more than five ears from the respective dates of issue, and may be re- __ deemable before maturity at the option of the Corporation, as may I“t°’°°“·· be stipulated in such notes or bonds, and to bear such rate or rates of interest as may be determined by the board of directors, but such rate or rates of interest shall be subject to the apHroval of the See- Fimumm mw retary of the Treasury. Such notes or bonds sha have a first and ' paramount floating charge on all the assets of the Coizporation, and the Corporation shall not at any time moiggage or ple ge any of its assets. Such notes or bonds may be ISSU _ at not less than par in ,,,L‘?g°,c_‘°' °‘*““°°”· payment of any advances authorized by this title, or may be offered