SECTION 9-Continued.

(1) Member banks in general, including State banks-Continued.

(b) Authority to advertise "under Government protection or super-

vision." (IX, 102-103.)

(c) Admission to membership in system. (IX, 200–209.)..

(d) Eligibility of particular kinds of institutions for membership.

(IX, 300-304.).....

(e) Reports and statements of condition. (IX, 400–401.)....

(f) State member banks not subject to limitations of section 5200,

R. S. (IX, 500.)....

(g) When membership in system ceases. (See XVIII, 300.)

(See also XI (i) 100, for power of board to issue regulations

governing membership in system.)

(2) Limitations upon the rediscount power of Federal reserve banks for

member State banks. (IX, 600-604.) (See also secs. 13 and 11(m),

and sec. 5200, R. S.)

SECTION 11.............

Page.

7

7

66

10

10

11

Section 11(b).-(1) Discount rates of Federal reserve banks. (XI(b), 100-

101)

11

Section 11(e).-(1) Reserve city, qualifications necessary to become.

(XI(e), 100)..

11

Section 11(i).—(1) Power of Federal Reserve Board to issue regulations
governing membership of State banks in system. (XI(i), 100.)

Section 11(k)....

(1) Constitutionality of section 11(k); court opinions. (XI(k), 100–

107).......

(2) State laws authorizing national banks to exercise fiduciary powers.

(XI(k), 200–201)....

(3) Applications for trust powers, prerequisites of. (XI(k), 300).....

(4) Exercise of trust powers by national banks where prohibited by

State law. (XI(k), 400).......

(5) Capital and surplus requirements.

(XI(k), 500–501)..

(6) Particular trust powers authorized. (XI(k), 600–601)..

(7) Administration of trust department of national banks. (XI(k),

700-705)...

(8) Miscellaneous. (XI(k), 800-804).

17

Section 11(m).—(1) Limitations upon the rediscount power of Federal

reserve banks. (XI(m), 100.) (See also secs. 9 and 13)

18

SECTIONS 13 and 13a..

19

A. Deposits of current funds, etc. (XIII-A, 100–103).

19

B. Clearing and collection transactions..

(1) Nonmember bank advertising as "clearing member." (XIII-B,

100-101)......

(2) Collection transactions..

(a) In general. (XIII-B, 200-206)..

(b) Collection charges. (XIII-B, 300-304).

(See also sec. 16.)

C. Notes, drafts and bills of exchange arising out of actual commercial

and agricultural transactions..

(1) Classification and eligibility of paper in general. (XIII-C, 100–

106).....

(2) Agricultural paper, including live-stock paper. (XIII-C, 200-

220)..

SECTIONS 13 and 13a-Continued.

C. Notes, drafts and bills of exchange arising out of actual commercial

and agricultural transactions-Continued.

(4) Factors' and finance paper. (XIII-C, 400–404)..

Page.

(3) Commercial paper, including paper secured by United States

Government obligations. (XIII-C. 300-336)..

(5) Permanent or fixed investment paper. (XIII-C, 500–501).

(6) Discount rates of Federal reserve banks. (XIII-C, 600-601)

(7) Negotiability of paper. (XIII-C, 700-715)................

(8) Notes, drafts, and bills of exchange; general provisions of law.

(XIII-C, 800-813.) (See also sec. 5200, R. S.).............

(9) Renewal notes. (XIII-C, 900.) (See also XIII-E, 600-605)..

(10) Trade acceptances, including “goods sold." (XIII-C, 1000–1011.)

(See also sec. 13-D)....

D. Limitations upon the rediscount power of Federal reserve banks..

(1) General discussion of principles. (XIII-D, 100–101)

(2) Bills of exchange drawn in good faith against actually existing

values. (XIII-D, 200-204)...

46

(3) Miscellaneous. (XIII-D, 300-302.) (See also secs. 9 and 11(m),

and sec. 5200, R. S.)

47

(2) Acceptances involving the importation and exportation of goods.

(XIII-E, 200-222).......

51

(3) Acceptances against domestic shipping documents. (XIII-E,

300-315)

57

(4) Acceptances against storage of readily marketable staples. (XIII-

E, 400-418).

61

(a) Definitions of "Readily marketable staples." (XIII-E,

460-465.)....

(5) Acceptance credits; letters of credit. (XIII-E, 500-506)

(6) Renewal drafts. (XIII-E, 600-605.) (See XIII-C, 900)

(7) Acceptances for any one person in excess of 10 per cent of accept-

ing bank's capital and surplus. (XIII-E. 700-710)

69

(8) Limitations upon aggregate amount of acceptances. (XIII-E,

800-802) (See also XIII-E, 505 and XIII-H)..........

72

F. Member-bank 15-day collateral notes..

223

73

(1) Collateral security, including requirement as to indorsement.

(XIII-F, 100-103).....

(1) Comptroller of the Currency's regulations governing. (XIII-G,

100)....

(1) Foreign countries in which such drafts are permissible. (XIII-H,

100-101).......

(2) Formalities of application. (XIII-H, 200) .

74

(3) Limitation upon dollar exchange acceptances. (XIII-H, 300)..........

I. Debentures of Federal intermediate credit banks and national agricul-

tural credit corporations (XIII-I, 100)..

74

75

75

SECTION 13a. (See sec. 13.)

SECTION 14.

(1) General classes of paper eligible for purchase. (XIV, 100–111).

(2) Eligibility of bonds, warrants, etc. (XIV, 200–205).....

(3) Discount rates of Federal reserve banks. (XIV, 300-301)

(4) Federal reserve banks; appointment of foreign agent. (XIV, 400)...

(5) Federal reserve banks; establishment of foreign agencies. (XIV,500).

SECTION 15.......

(1) Member and nonmember banks as Government depositaries. (XV,

100-101)..

SECTION 16..............

(1) Federal reserve notes. (XVI, 100-110).

(a) Collateral security for such notes.

(b) Reduction of liability for outstanding notes.

(c) Use of note emblem on Federal reserve bank stationery.

(d) Redemption and credit of such notes.

(e) Expense of shipping.

(f) Miscellaneous. (For distinction between Federal reserve notes

and Federal reserve bank notes, see IV, 300.)

(2) Definition of term "lawful money" as used in section 16. (XVI,
200-201).....

(3) Clearing and collection transactions. (XVI, 300–314) .......

SECTION 18..

(a) Collection of bills and notes made payable "in exchange."

(b) Collection of bills-of-lading drafts. (See also XIII-B.)

(c) "Par collection," including decisions of courts.

(1) Purchase of United States bonds in the open market. (XVIII, 100)..

(2) Renewal of one-year gold notes. (XVIII, 200)...

(3) Reduction of national-bank circulating notes. (XVIII, 300-301)...

(4) Increase in circulating notes. (XVIII, 400)

SECTION 19......

(1) Time deposits, including open accounts, time certificates of deposit,

and savings accounts. (XIX, 100–107)..

(2) Reserves....

(a) State bank reserves under State law, compilation of. (XIX,

200).....

(b) Computation of reserves. (XIX, 300–305).

(c) Deficiency in reserves. (XIX, 400–401)..

(d) Reserves against particular classes of deposits. (XIX, 500-508).
(e) Reserves of branch banks. (See XXV, 100-103.)

(3) Member bank deposits with nonmember banks. (XIX, 600–604)....

(4) Member bank acting as agent for nonmember bank in receiving dis-

counts. (XIX, 700–702).

SECTION 22......

(1) Construction of penal provisions. (XXII, 100–102.)

SECTION 24....

95

(4) Renewal of notes and mortgages on farm land and real estate loans.

(XXIV, 400).

(5) Miscellaneous. (XXIV, 500–502) .

(1) Loans on farm lands and real estate in general. (XXIV, 100–103).
(2) Loans on farm lands. (XXIV, 200–206)

Page.

97

SECTION 25...

(1) National banks; foreign branches. (XXV, 100–105) . .

(a) Relationship between branch and parent bank.

(b) Joint branches.

(c) Reserves of foreign branches.

(d) Miscellaneous.

(2) Investment by national banks in international financial corporations.

(See sec. 25(a).)

(3) Loans on real estate by foreign branches of national banks. (See

XXIV, 501.)

(4) Right to establish branches in the United States. (See 5190 R. S.,

SECTION 25(a)......

97

101.)

98

(1) Right of national banks to invest in stock of international financial

corporations. (XXV(a), 100)

SECTION 28..

(1) National banks; reduction of capital stock; method of procedure.

(XXVIII, 100).

98

98

CLAYTON ANTITRUST ACT.

SECTION 8..

(1) Applicability to member State banks. (C. A., 100).

(2) Applicability to certain classes of institutions. (C. A., 200-206)...

(3) Substantial competition, meaning of. (C. A., 300.) (See Regulation

L, series of 1923).....

(4) Cumulative effect of provisos in act. (C. A., 400).

(5) Provisions for enforcement. (C. A., 500)

(6) Miscellaneous. (C. A., 600-605).

REVISED STATUTES-

NATIONAL BANK ACT.

Section 5136. (1) Corporate powers of national banks (5136 R. S., 100-102).

(a) Guaranty of deposits of national bank by surety

company.

(b) Power of national bank to write insurance.

(c) Power of national bank to act as agent in

acceptance transactions.

(d) Power of national bank to guarantee. (See XIII-E,

504.)

Section 5137. Loans acquired by national banks on farm lands and real

estate (see sec. 24).

Section 5151. Liability of stockholders (see II, 301).

Section 5190. Place of business of national banks; authority of national
banks to appoint agents for purpose of accepting and pay-
ing drafts in another place. (5190 R. S., 100-101).

Section 5200. (1) Limitations on the lending power of national banks..

98

98

99

100

100

100

100

101

102

103

REVISED STATUTES-Continued.

Page.

Section 5202. Limitations upon aggregate liabilities of national banks (5202 R. S., 100–101). .

106

Section 5207. Withholding national bank notes from circulation (5207 R. S.,

100)...

106

Sections 5220-5221. Voluntary liquidation of national banks (5220, 5221
R. S., 100).

107

Miscellaneous provisions (N. B. A., 100-104).

107

REVENUE ACTS.

1917 ACT. Requirement of stamps on drafts drawn to finance sale of goods to allied purchasing commission (1917 R. A., 100).....

108

1918 ACT. Requirement of stamps on drafts drawn against shipments from the United States to foreign countries (1918 R. A., 100)..

108