Page:United States Statutes at Large Volume 52.djvu/67

 PUBLIC LAWS-CHS. 13, 14-FEB. 3, 4, 1938 Penalty for viola- tion. New section. 12U. S. C.§ 1732. Application of des- ignated laws to Act. 49 Stat. 294, 295; 12 U. S. C., Supp. III, §1430. R. S. § 5136; 49 Stat. 709; 12U.S. C., Supp. III, § 24. 49 Stat. 706; 12 U. S. C., Supp. III, § 371. 49Stat.664; 11U.S. C., Supp. III, § 207; post, p. 840. 49Stat.3;15U.S. C., Supp. III, § 6061. Life insurance com- panies, D. C. 48 Stat. 1152. Bonds, etc., secured by insured mortgages. Proviso. Ratio restrictions not to apply. 48 Stat. 1152. Bonds, etc., of na- tional mortgage asso- ciations. R.S.§5136;49 Stat. 709; 12 U. S. C., Supp. III, § 24. National banking associations. Investments in ob- ligations of national mortgage associations. or rumor, is guilty of a misdemeanor punishable by a fine of not more than $1,000 or by imprisonment of not exceeding one year, or both." SEC. 11 . Title V of such Act is further amended by adding after section 513 thereof the following new section: "SEC. 514. The provisions of section 10 (a) 1 and 10b of the Fed- eral Home Loan Bank Act, as amended (49 Stat. 294, 295); para- graph seventh of section 5136 of the Revised Statutes, as amended (49 Stat. 709); section 24 of the Federal Reserve Act, as amended (49 Stat. 706); subsection (n) of section 77B of the Bankruptcy Act, as amended (49 Stat. 664); section 5 (c) of the Act approved January 31, 19352 continuing and extending the functions of the Reconstruction Finance Corporation (49 Stat. 1); and all other provisions of law establishing rights under mortgages insured in accordance with the provisions of the National Housing Act, shall be held to apply to such Act, as amended." SEC. 12 . (a) Section 35 of chapter III of the Act entitled "An Act to regulate the business of life insurance in the District of Columbia", approved June 19, 1934 (48 Stat. 1152), is amended by inserting between paragraph (3) and paragraph (4) of such section a new paragraph to read as follows: " (3a) Bonds or notes secured by mortgages insured by the Federal Housing Administrator: Provided, That the restrictions in para- graph T3) of this section in regard to the ratio of the loan to the value of the property shall not apply to such insured mortgages." (b) Paragraph (4) of section 35 of such Act is amended to read as follows: "(4) Bonds or other evidences of indebtedness of the farm loan banks authorized under the Federal Farm Loan Act or Acts amenda- tory thereof or supplementary thereto, and bonds or other evidences of indebtedness of national mortgage associations." SEC. 13. The last sentence of paragraph "Seventh" of section 5136 of the Revised Statutes, as amended, is further amended by inserting before the colon after the words "guaranteed as to principal and interest by the United States" a comma and the following: "or obligations of national mortgage associations", Approved, February 3, 1938. [CHAPTER 14] JOINT RESOLUTION February 4, 1938 [H. J. Res. 571] Making appropriations available for administration of the Sugar Act of 1937 [Pub. Res., No. 78] and for crop production and harvesting loans. Appropriations, Sugar Act of 1937, etc. Legislative. Senate. Expense Inquiries and vestigatons. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, LEGISLATIVE SENATE That the following sums are hereby appropriated, out of any money in the Treasury not otherwise appropriated, for expenses of the Senate, namely: n- For expenses of inguiries and investigations ordered by the Senate, including compensation to stenographers of committees, at such rate as may be fixed by the Committee to Audit and Control the Contin- gent Expenses of the Senate, but not exceeding 25 cents per hundred 26 [52 STAT.

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