Page:United States Statutes at Large Volume 49 Part 1.djvu/2105

 INDEX. . XIX Banking Act of 1935-Continued. Page. FEDERAL DEPOSIT INSURANCE-Contd. State banks; requirement of mem- bership; term construed __ _____ 703 Purpose of section; discrimina- tions prohibited_____________ 703 Separability of provisions_ _________ 703 FEDERAL RESERVE ACT, AMENDMENTS- Federal Reserve banks, board of directors; appointment of offi- cers_________________________ 703 Admission to membership in Reserve System, waiver of requirements; when capital less than required_ 704 Board to be known as "Board of Governors of the Federal Re- serve System" _____ _ ______ __ __ 704 Composition and appointment; terms, etc____ .. ____________ 704 Ineligibility to hold office in mem- ber banks_____. . ____________ 704 Terms, etc., of successors to present members______. . _ ______ __ ___ 704 Meetings; presiding officer_______ 705 Records to be kept by___________ 705 Advances to member bank; security; interest rate_____ .. ____________ 705 Federal Open Market Committee, creation; membership; meetings_ 705 Regulations governiiig open-mar - ketoperations... ____________ 706 Purchase and sale of obligations of the United States in open market_ 706 Disc'ount rates, establishing ________ 706 Bank reserves, change of require- ments as to maintenance of_ _ __ 706 Loans on real estate, farm lands, etc.; amount; exceptions, etc_ _ _____ 706 Comptroller of the Currency, appoint- ment; term of office; salary______ 707 TECHNICAL AMENDMENTS TO THE BANK- ING IJAWS- "Holding company affiliate", excep- tions to term_ ________________ 707 Member bank affiliation with organ- ization in liquidation_ _________ 707 Dealing in investment securities; sales or mortgages; exceptions to prohibitions_ __ ______ _______ 707 Persons or organizatio:lls engaging in banking business, authority re- quired_______________________ 708 Double liability on national bank stock, termin~tion oL _ ______ __ 708 National bank agencies in resort com- munities_ ____________________ 708 National banking associations; stock ownership by direetors, etc_ ____ 709 Restriction on officers engaging in security transactions_ _______ 709 Banking Act of 1935-Continued. Page. TECHNICAL AMENDMENTS TO THE BANK- ING LA ws-Continued. National banking associations-Con. Corporate powers; dealing in secur- ities; obligations insured by Federal Housing Administra- tion ____ ___________________ 709 Requisite amount of capital stock; wai ver in case of State banks; ret ire men t of preferred stock ____________________ 709,710 Stock certificates of, and State member banks; ownership, sale, or transfer oL__________ 710 Shareholders, right to vote; prox- ies______________________ 710, 711 Holding company affiliates; appli- cation for voting permit; re- serves to be maintained by __ 711 Conversion of State banks into; retention of certain assets_ ___ 71] [Jnited States bonds, transfer of; countersignature by Comp- troller of Currency __________ 7] 1 Branches outside United States; rates of interesL____________ 711 Dividends and surplus funds_ _ _ __ 7]2 Crimes by officers, etc., of insured ballks_____________________ 712 Voluntary liquidation_ _ __ _______ 7]2 Exclusive use of terms "national", "Federa1", and "United States" ______________________ 713 Federal Reserve System; capital stock and surplus of member bank, reduction; surrender on liquidation_ __________________ 7]3 Reports of condition of member banks_____________________ 713 Loans by State member bank to borrowers on Government se- curities; limitations_ ________ 713 Limit of liability of any person to bank______________________ 7]3 Discount of paper for individuals or corporations_____________ 714 Direct loans for industrial purposes; payments to Reserve banks_ _ 714 Board of Governors to define terms; "time deposits" to include "savings deposits" _ __ _ __ __ __ 714 Estimating reserve balances, deduc- tion from amount of gross demand deposits_ ___________ 714 Interest payments on demand deposits_ __________________ 714 Time and savings deposits; regula- tions respecting rates of inter- est________________________ 715