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 160 Federal reserve banks. Vol.42,p.1479; U.S. C., p. 282, amended. May discount, for intermediate credit bank, notes covering loans by such bank. Vol.43,p. 1264; Vol. 46,p 816. U.S. C.,p.316; Supp. V, p.133. Collatera l trust de. bentures, etc. Vol.38,p.264;U.S. CC p.282. Acceptance as secu- rity. M1 9,19 32. a S.4289.] [Public, No. 139.] Radio Act of 1927. Vol.44,p.1164;U.S. C., Supp. V, p. 682, amended. Citizenship require. ments, stat ion opera- tors. May 19, 1932. [S.J. Res.75.] [Pub. Res., No. 21.] Calvin Coolidge. Portrait of, to be pro. cured for Executive Mansion. Post, p . 527. M 1 20,19-2. [_418.] [Public, No. 140.] Vir gin Islands. Admiralty laws of the United States ex. tended to. Vol. 39, p. 1132. 72d CONGRESS. SESS. I. CHS. 191-194 . MAY 19, 20, 1932. SEC. 5. The second paragraph of section 13 (a) of the Federal Reserve Act, as amended (U . S. C., title 12, ch . 3, sec . 349), is hereby amended by adding thereto a new sentence as follows
 * "Any Federal

reserve bank may also, subject to regulations and limitations to be prescribed by the Federal Reserve Board, discount notes payable to and bearing the indorsement of an Federal intermediate credit bank, covering loans or advances made such bank pursuant to the pro- visions of section 202 (a) of Title II of the Federal Farm Loan Act, as amended (U . S . C., title 12, ch. 8, sec . 1031), which have maturities at the time of discount of not more than nine months, exclusive of days of grace, and which are secured by notes, drafts, or bills of excha nge el igible for r edisco unt by Federa l Rese rve ba nks ." SEC . 6. The seventh paragraph of section 13 of the Federal Reserve Act, as amended (U . S . C., title 12, ch. 3, sec . 347), is hereby amended by changing the period at the end thereof to a comma and adding thereto the words " or by the deposit or pledge of debentures or other such obligations of Federal intermediate credit banks which are eligible for purchase by Federal reserve banks under section 13 (e' of this Act .' Approved, May 19, 1932 . [CHAPTER 192 .] AN ACT To amend the Act of February 23, 1027, as amended (U. S. C., title 47, see. 85), and for other purposes . Be it en acted by the Senat e and House of Repr esenta tives of the Unit ed S tates of A meri ca in Cong ress asse mbled, That s ection 5, subparagraph C of the Act of February 23, 1927, as amended (U .S. C ., title 47, see. 85), is amended by strng out the word "persons" after the words "issue the m to such" and inserting the words " citizens of the United States," so that the amended paragraph will re a d : "to pr escribe the qual ifications of st ation operators, to classify them according to the duties to be performed, to fix the forms of such licenses, and to issue them to such citizens of the United States as he finds qual ified . " Approved, May 19, 1932 . [CHAPTER 193 .] JOINT RESOLUTION Authorizing the Joint Committee on the Li brary to p rocure an oil portra it of former President Calvin Coolidge . Resolved by the Senate and House of Representatives of the United States o f America in Congress assembled, That the Joint Committee on the Library is hereby authorized to procure an oil portrait of former President Calvin Coolidge for the Executive Mansion, at a co st not to exceed $ 2,500 . Approved, May 19, 1932. [CHAPTE R 194 .] AN ACT To extend the admiralty laws of the United States of America to the Virgin Islands. Be it enacted by the Senate and House o f Representatives o f the United States o f America in Congress assembled, That there be, and is hereby, conferred upon the judicial tribunals of the Virgin Islands jurisdiction in admiralty which shall be the same as is exercised by the Unite d Stat es dis trict courts, and the pra ctice and pr ocedur e