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All Other Federal Laws Relating to Banking, with

Complete Indexes and References

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JOGDEN ARMOUR,

of Armour & Co. CLEVELAND H. DODGE,

of Phelps, Dodge & Co. HENRY C. FRICK,

Pittsburgh, Pa. JOSEPH P. GRACE,

of W. R. Grace & Co. ROBERT S. LOVETT,

Chairman, Union Pacific.R.R. Co. CYRUS H. McCORMICK,

President, International "Harvester Co." EDWIN S. MARSTON,

President, Farmers' Trust & Loan Co. GERRISH H. MILLIKEN,

of Deering, Milliken & Co. J. P. MORGAN,

of J. P. Morgan & Co. JAMES H. POST,

of B. H. Howell, Son & Co. M. TAYLOR PYNE,

30 Pine Street, New York. WILLIAM ROCKEFELLER,

26 Broadway, New York.

JACOB H. SCHIFF,

of Kuhn, Loeb & Co. SAMUEL SLOAN,

Vice-Pres., Farmers' Loan & Trust Co. WILLIAM DOUGLAS SLOANE,

of W. & J. Sloane. JOHN W. STERLING,

of Shearman & Sterling. JAMES STILLMAN,

Chairman of the Board. JAMES A. STILLMAN,

55 Wall Street, New York. ERIC P. SWENSON,

of S. M. Swenson & Sons. HENRY A. C. TAYLOR,

30 Pine Street, New York. MOSES TAYLOR,

of Kean, Taylor & Co. FRANK TRUMBULL,

Chairman, Chesapeake & Ohio Ry. Co. P. A. VALENTINE,

55 Wall Street, New York. FRANK A. VANDERLIP,

President.

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HIS volume is presented in recognition of the

necessity for a complete and convenient exposition of the Federal Statutes on banking and currency.

It contains no comment on the law; but is arranged with a view to easy access through reference notes at the foot of paragraphs, to all the Federal law there is on the subject of banking and currency.

It is the purpose of the City Bank to be as useful as possible to bankers in connection with the installation of the new banking system. It will endeavor to keep fully informed on the subject and to make this information at once available.

In this volume the Federal Reserve Act has been indexed by subjects, and also alphabetically. In the subject index the general subjects treated of in the Act are brought together in the order of their relative importance, as, for example, everything relating to the Organization Committee is presented under that head; the same treatment is given the Federal Reserve Board, and so on.

The paragraph numbers and the headings inserted throughout the Act are not a part of the law, but are inserted for more ready reference.

The index to the National Bank Act and other statutes is the same as that prepared under the direction of the Comptroller of the Currency.

Copies of this volume will be furnished without cost upon application to

THE NATIONAL CITY BANK OF NEW YORK.

319177

SUBJECT INDEX TO FEDERAL RESERVE ACT.

This index to The Federal Reserve Act is arranged by subjects in the
order in which they are of natural sequence in the formation of the Federal
Reserve System. Under each general head will be found references to every-
thing in the Act relating to that subject.

For convenience of reference the paragraphs of the Act have been num-
bered consecutively and references are made to these numbers.

Abbreviations.
Organization Committee-Means The Reserve Bank Organization Committee.
Reserve Board--The Federal Reserve Board.
Reserve Bank-Federal Reserve Bank.
Member Bank—Any bank which has become a member of a Federal Reserve

Bank.
Reserve District-Federal Reserve District.
Reserve City- Federal Reserve City.
Reserve Notes-Federal Reserve Notes.

ORGANIZATION COMMITTEE.

Paragraph
Composed of Secretary of the Treasury, Secretary of Agriculture,
Comptroller of the Currency.

2
Majority constitutes quorum.

2
Authorized to:
Divide the Continental United States into not less than eight nor
more than twelve reserve districts.....

2
File certificate showing limits of reserve districts.

16
Designate a city in each reserve district as a reserve city.

2, 4
Establish a reserve bank in each reserve city....

3
Exercise functions chairman board directors reserve bank pending
his selection

34
Formulate regulations for admission of member banks.

4
Formulate by-laws for admission of State banks as members. 53, 54
Approve reduction capital stock of National banks..

145
Give banks 30-days' notice to subscribe for stock.

4
Call for unpaid capital stock subscription...

4
Approve Comptroller's form of resolution for stock subscription.. 16
Call meetings of National bank directors if necessary in organizing

reserve banks
Offer unsubscribed stock to public.

9
Allot unsubscribed stock to United States.

11
Designate any five banks (National or State) in each reserve district
to execute certificate of organization for reserve banks.

17
Classify into three groups member banks in each reserve district.. 38
Fix date first meeting Reserve Board..

61
Employ counsel and experts.....

3
Take testimony, administer oaths, send for persons and papers.

3
Appropriation for expenses

14
FEDERAL RESERVE BOARD.
Composed of:

Secretary of the Treasury and Comptroller of the Currency ex-officio 58
Secretary of the Treasury ex-officio chairman.

61
Five persons appointed by the President and confirmed by the Senate 58
Shall take an oath of office...

59
5

45

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