Page:United States Statutes at Large Volume 49 Part 1.djvu/734

 74TH CONG RESS. SESS. I. CH. 614. AUGUST 23, 1935 . 689 ance with paragraph (1) of this subsection, except that the assess- ment base shall be the average for the 31 days in the month of October 1935, and payment shall be made to the Corporation of the Payment. amount of the assessment so required to be certified. E ach s uch mentdeJune f pay; bank shall, on or before the 15th day of January 1936, file with the filing. 30,1 936 Corporation a certified statement under oath showing the amount o f the se miannual assessm ent due to the C orporati on for t he perio d ending June 30, 1936, which shall be an amount equal to the product Amount. of one-half the annual assessment rate multiplied by the assessment base determined in accordance with paragraph (1) of this subsection, except that the assessment base shall be the average for the days of the months of October, November and December of 1935, and pay- Payment. ment shall be made to the Corporation of the amount of the assess- ment so required to be certified. " (4) Each b ank whic h become s an ins ured ban k after the effe ctive effecnks ida date shall be relieved from complying with the provisions of para- sions waived. graph (2) of this subsection until it has operated as an insured bank for a full semiannual period ending on June 30 or December 31 as the case may be . Each such bank, on or before the forty-fifth day toCer ee ed statement af ter its first day of operat ion as an ins ured bank, sh all file with the Corporation its first certified statement which shall be under oath and shall show the amount of the assessment base determined in accordance with paragraph (1) of this subsection, except that the Contents . assessment base shall be the average for the first thirty-one calendar days it operates as an insured bank . Each such certified statement C ompu tat ion of amo unt of f irst ass ess- shall also show as the amount of the first assessment due to the Cor- me at ' poration the prorated portion (for the period between its first day of operation as an insured bank and the next succeeding last day of June or December, as the case may be) of an amount equal to the product of one-half the annual assessment rate multiplied by the base required to be set forth on its first certified statement. Each Second certified sta temen t ; information bank which becomes an insured bank after the effective date which to contain ; t ime of has not operated as an insured bank for a full semiannual period fling. ending on June 30 or December 31, as the case may be, shall, on or before the 15th day of the first month thereafter (except that banks becoming insured in June or December shall have thirty-one addi- tional days) file with the Corporation its second certified statement under oath showing the amount of the assessment base and the amount of the semiannual assessment due to the Corporation. Such assess- Assessment base and amount due dete rmi. ment base and amount shall be determined in accordance with para- nation of. esa graph (1) of this subsection, except that if the bank became an insured bank in the month of December or June the assessment base shall be the average for the first thirty-one calendar days it operates as an insured bank, and except that if it became an insured bank in any othe r month than Dec ember or June th e assess ment bas e shall be the average for the days between its first day of operation as an insured bank and the nex t succee ding las t day of June or Decembe r, as the case may be. Each bank required to file a certified statement Payments. under this paragraph shall pay to the Corporation the amount of the assessment the bank is required to certify. "(5) Each bank which shall be and continue without application an n screditedtos or approval an insured bank in accordance with the provisions of termin ation of Funds . subsection (e) or (f) of this section, shall, in lieu of all right to Ante, p .687 . refund (except as authorized in paragraph (3) of subsection (i) ), be credited with any balance to which such bank shall become entitled upon the termination of the said Temporary Federal Deposit Insur- an ce Fund or the Fu nd For Mutuals . The credit shall be applied Application of credit . by the Corporation toward the pa ym ent of the assessment next becoming due from such bank and upon succeeding assessments until the credit is exhausted . 104019•-36	44
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