Page:United States Statutes at Large Volume 81.djvu/643

 81 STAT.]

PUBLIC LAW 9 0 - 2 0 3 - D E C. 15, 1967

609

" (d) Nothing contained in this section prohibits a national bank from accepting deposits or cashing or otherwise handling checks or other negotiable instruments, or performing other lawful banking services for a State operating a lottery, or for an officer or employee of that State who is charged with the administration of the lottery. "(e) The Comptroller of the Currency shall issue such regulations as may be necessary to the strict enforcement of this section and the prevention of evasions thereof." (b) The table of sections at the beginning of that chapter is amended by inserting "5136A. Participation in lotteries prohibited." immediately above "5137. Power to hold real property." SEC. 2. The Federal Eeserve Act is amended by inserting immeT

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diately arter section 9 the lollowing new section:

Regulations.

Federal Reserve Act, amendment.

38 Stat. 259. 12 USC 321-338.

"SECTION 9A. PARTICIPATION IN LOTT'ERIES PROHIBITED

" (a) A State member bank may not— "(1) deal in lottery tickets; " (2) deal in bets used as a means or substitute for participation in a lottery; "(3) announce, advertise, or publicize the existence of any lottery; "(4) announce, advertise, or publicize the existence or identity of any participant or winner, as such, in a lottery. " (b) A State member bank may not permit— " (1) the use of any part of any of its banking offices by any person for any purpose forbidden to the bank under subsection (a), or " (2) direct access by the public from any of its banking offices to any premises used by any person for any purpose forbidden to the bank under subsection (a). "(c) As used in this section— "(1) The term 'deal in' includes making, taking, buying, selling, redeeming, or collecting. "(2) The term 'lottery' includes any arrangement whereby three or more persons (the 'participants') advance money or credit to another in exchange for the possibility or expectation that one or more but not all of the participants (the 'winners') will receive by reason of their advances more than the amounts they have advanced, the identity of the winners being determined by any means which includes— " (A) a random selection; " (B) a game, race, or contest; or " (C) any record or tabulation of the result of one or more events in which any participant has no interest except for its bearing upon the possibility that he may become a winner. " (3) The term 'lotteiy ticket' includes any right, privilege, or possibility (and any ticket, receipt, record, or other evidence of any such right, privilege, or possibility) of becoming a winner in a lottery.

Definitions.

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