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LOMON
Members

19
Meetings

12
Powers

19
Vacancies, how filled.

19
Federal Reserve Agent:

Appointment
Assistants
Bond

11-i
Compensation
Deposits with

16
Deposits by, with Secretary of Treasury.

16
Duties in general.....

4
Holding deposits required by Federal Reserve Act.... 16
Holding money for redemption of Federal reserve notes 16
Notice to board of issuance and withdrawal of Federal
reserve notes

16
Office

4
Qualifications
Redeposit of money deposited with him with Board or
Treasurer

16
Reports

4
Federal Reserve Bank Notes..

18
See also "Pittman Act,” Appendix E.
Federal Reserve Banks:

Absence of chairman or deputy chairman...
Accounts with other Federal Reserve Banks.

14
Advances to members

13
Assessments by Federal Reserve Board for expenses.. 10
Authority to commence business...
Banks in Alaska and dependencies and possessions may
become members

19
Board of directors. (See also Directors)
Chairman of board of directors.

4
Clearing and collection charges regulated by Federal
Reserve Board

16
Clearing checks

16
Collections

13
Deposits

13
Deputy chairman of board of directors.

4
Designation

9
Directors. (See Directors.)
Discounts for member banks.

13
Dividends

7
Exemptions from taxation.

7
Fiscal agents

15
Forfeiture of membership in.
Foreign accounts

14
Foreign agencies

14
Franchise tax

7

SECTION
Information to be furnished Federal Reserve Board... 21
Initial capital
Liquidation
Location
Name
Officers, ineligibility of Senators and Representatives..
One in each reserve city...
Open market operations.

14
Organization
Powers

13
Rediscounts. (See Rediscounts.)
Shareholders. (See Shareholders.)
Special examinations of members....

21
Stock. (See Stock.)
Supervision by Federal Reserve Board.

11–j
Surplus, additions to from net earnings.

7
Surplus left upon liquidation goes to United States.... 7
Suspension or liquidation by Federal Reserve Board... 11-h
Suspension or removal of officers and directors..

11-f
Title

2
Weekly statement of conditions by Federal Reserve
Board

11-a
Writing off doubtful assets..

11-8
Federal Reserve Board:
Additional limitations on farm loans..

24
Allotment of refunding bonds....

18
Annual report

10
Applications for cancellation of stock.
Appointment of class C directors by.
Appointment of Federal Reserve Agent by

4
Appointment of members.....

10
Approval of directors' compensation.

4
Assessments against Federal Reserve Banks to pay ex-
penses

10
Chairman, Secretary of Treasury ex officio

10
Clearing house may act as..

16
Creation of new districts.
Deposits with Secretary of Treasury subject to order

16
of

16
Designation or requirement of Federal Reserve Bank
to act as clearing house..

16
Ex officio members..

10
Expenses

10
Expenses of handling deposits with Secretary of Treas-
ury

16
Expenses of money shipments.

16
Federal Reserve notes, regulation of issue.

16
First meeting

10
Governor
Appointment

10

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10

10

SECTION
Duties

10
Members
Appointment

10
Expenses

10
Ineligible for office or employment in member
banks or with Federal reserve banks...

10
No two from same district.
Qualifications

10
Salary

10
Shall devote entire time to business of board.

10
Term of office
Number of members

10
Offices

10
Powers

11
Powers in conflict with those of Secretary of Treasury 10
Readjustment of districts
Regulations-
Charges for collections...

16
Checking against reserve and member banks..

19
Clearing-house activities

16
Dealings in commercial paper.

13
Foreign branches

25
Rates of discount.

14
Rediscounts

.11-b, 13
Transfers of stock.

2
Removal of Federal Reserve Bank officers or directors 11-1
Reports of
Representation by members of commercial, industrial,
and geographical divisions of country.

10
Representatives in Congress ineligible...

4
Review of organization committee's determinations..
Secretary of Treasury ex officio chairman..

10
Senators ineligible

4
Staff, employment and expenses of...

11-1
Supervision of banks chartered by U. S. government for
foreign business

25-a
Supervision of Federal Reserve Banks.

11-j
Supervision of foreign accounts..

14
Suspension of reserve requirements.

11-c
Vacancies, how filled

10
Vice governor

10
Weekly statement of condition of Federal Reserve
Banks

11-a
Federal reserve cities:

Designation
Number
Review of organization committee's determination.

Selection of
Federal reserve districts:
Apportionment

2

10

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SECTE

Creation
Creation of new districts.
Designation ....
Original number
Readjustment

Total number
Federal reserve notes:

Additional security may be required....
Cancellation and destruction
Collateral security
Custody, pending issue..
Custody, plates and dies.
Deposits against
Deposits with Treasurer to cover redemptions....
Discretion of Board to grant application for issue.
Distinctive letter and number...
Engraving and printing
Expenses of issue and retirement.
Interest on
Issue
Lien on assets of bank...
Must not be paid out by Federal Reserve Bank not is-

suing them
Notice to Board of issues and withdrawals.
Power of bank to issue..
Purposes for which issued.
Redemption of
Reduction of liability for.
Reserve against
Retirement of
Return or retirement by another Federal Reserve Bank
Status as currency..
Supervision and control of issue and retirement. 11
Tax on deficiency in gold reserve....

11
Withdrawal of collateral.....
Fiduciary powers, national banks..

11
Foreign accounts, Federal Reserve Banks.
Foreign agencies, Federal Reserve Banks.
Foreign banking, branches may be established abroad by

National Banks for, 25; National Banks may invest in
stock of American Banks, organized for, 25 and 25-a;
corporations may be organized under "Edge Amend-

ment" for
Foreign branches:

Accounts kept separate...
Agreement to comply with regulations of Federal Re-

serve Board
Application to establish..
Establishment
Failure to comply with regulations.

25

25

25

Information must be furnished...
Investigation by Federal Reserve Board of failure to

comply with regulations....
May be appointed fiscal agents of United States.
National banks may establish...
Officers or employees of member banks may serve...

Special examinations
Forfeitures. (See Penalties and forfeitures.)
Franchise tax:

Secretary of Treasury to maintain....
Tax on deficiency

25
25
25
25

26
11-c

G
Government deposits:

Funds to be deposited..
In Federal Reserve Banks.
In member banks....
In non-member banks. (See Appendix D.)

15.
15
15

I
Inconsistent laws repealed...
Invalidity of part of act not to invalidate all..

26
29

L
Loans on farm lands:

Amount
Limitations may be added by Federal Reserve Board.
National banks not in Central Reserve cities may make
Time to run.....

24
24

24

24

13

19

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11-a

M
Member banks:

Acceptances by
Banks in Alaska or other dependencies or possessions

may become members....
Cancellation of stock in Federal Reserve Bank upon

insolvency
Definition
Discount of paper for directors, officers, or employees
Examinations of, by Federal Reserve Board.
Fees or commissions to officers or directors for loans

prohibited
Forfeiture of membership..
Increasing capital stock must increase holdings of Fed-

eral Reserve Banks' stock..
Insolvency
Interest on deposits of officers, directors, or employees
Limitations on amount of deposits with nonmember

banks
Loans or gratuities to bank examiners prohibited..

22

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