Page:United States Statutes at Large Volume 46 Part 1.djvu/857

 814 SEVENTY-FIRST CONGRESS. SEss. II. Cris. 606, 611, 612 . 1930 . which the bridge may be located in part, or by the solicitor general of the Dominion of Canada in any court having competent jurisdic- tion of the subject matter and of the parties. SEc. 12. The right to alter, amend, or repeal this Act is hereby exp ressl y res erved. A pproved, June 25, 1930. Amendment. June2s, ] 1 930	[ s	. CHAP. 611 .-An Act To amend section 9 of the Fed eral Re serve Act and [Public ,4s No. 434 .1 section 5240 of the Revised Statutes of the United States, and for other purposes. Be i t enacted by the Senate and House of Representatives of the Federal Reserve Act, United States o f America in Congress assembled, That the seventh amendments. 40, p. 233, paragr aph of se ction 9 of the Feder al Reserv e Act, as amended amended. C p 280, (U . S. C ., title 12, sec . 326), is further amended by striking out the amended. last sentence thereof and inserting the following Ante, p. 251. § Expenses of ba nk T he ex penses of a ll exa minat ions, other than those made by S tate examination. authorities, may, in the discretion of the Federal Reserve Board, be assessed against the banks examined and, when so assessed, shall be Distribution of re paid by the banks examined. Copies of the reports of such exam- ports thereof. illations may, in the discretion of the Federal Reserve Board, be furnished to the State authorities having supervision of such banks, to officers, directors, or receivers of such banks, and to any other pro er persons ." It. S., see .5240,p. SEC . 2. That section 5 240, United States Revised Statutes, as 1013, amended . Vol. 38, p. 272, amend- amended by section 21 of the Federal Reserve Act, is further eu. s. c., p. 288, amended in the third paragraph thereof (U . S. C ., title 12, sec . 483) amended . by striking out the second sentence of such paragraph and inserting in lieu thereof the following : special " The expense of such examinations may, in the discretion of the Federal Reserve Board, be assessed against the banks examined, and, when so assessed, shall be paid by the banks examined ." Approved, June 26, 1930 . Expenses of examinations. June 26, 1930 . [S . 3627 .] [Public, No . 435 .] Federal Reserve Act, a mendm ents. Vol. 40, p. 9 68, ame nde d . U. S. C., p. 276, amended . National Banks . Surrender of fiduci- ary permits. Resolution to be for- warded to Board . Action of Board . CHAP. 612 .-An Act To amend the Federal Reserve Act so as to enable national banks voluntarily to surrender the right to exercise trust powers and to re lie ve th ems elv es of the necessity of complying with the la ws governing banks exercising such powers, and for other purposes . Be it enacted by the Se nate and House of Representatives of the United States o f America in Congress assembled, That subsection (k) of section 11 of the Federal Reserve Act (subsection (k) of section 248, United States Code, title 12), as amended, be further amended by adding at the end thereof a new paragraph reading as follows "Any national banking association desiring to surrender its right to exercise the powers granted under this subsection, in order to relieve itself from the necessity of complying with the requirements of this subsection, or to have returned to it any securities which it may have deposited with the State authorities for the protection of priva te or court trus ts, or for any o ther p urpos e, may file with the Federal Reserve Board a certified copy of a resolution of its board of directors signifying such desire . Upon receipt of such a resolu- tion, the Federal Reserve Board, after satisfying itself that such bank has been relieved in accordance with State law of all duties as trustee, executor, administrator, registrar of stocks and bonds, guard- ian of est ates, assig nee, receiv er, committe e of estate s of lunati cs or other fiduciary, under court, private, or other appointments pre- viously accepted under authority of this subsection, may, in its

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