SECTION 19 13 Balances. (See Reserve). B To be maintained with Federal Reserve Banks... Acceptance of terms of Federal Reserve act.... Federal Reserve Bank. (See Federal Reserve Banks.) 1 Bank acceptances (see also Acceptances), purchase of.. 14 Board: Definition Federal reserve. (See Federal Reserve Board.) Bonds: Deposit requirement of national banks repealed.... Federal Reserve Agents.. Federal Reserve Banks must purchase. Limitation on amount to be purchased. Officers and employees of Federal Reserve Banks.. Repurchase of 1-year bonds from year to year. Capital stock. (See stock.) C 1 17 18 11-i 18 18 18 18 18 14 3 25-25-a Central reserve cities: Classification by Federal Reserve Board.......... What deposits accepted by Federal Reserve Bank.... Appointment Duties Directors: Branch banks Federal Reserve Bank- Appointment of Class C...... ...... Classes B and C not to be officers, directors, or em- Classification 10 25-a 19 19 19 13 3 Fees or commission prohibited.... Interest on deposits allowed... Member of Federal Reserve Board ineligible. Penalty for accepting fees or commissions.. National banks, personal liability for noncompliance with the act.. Removal of Discounts: (See also Rediscounts.) Of member banks' own paper. 13 Rate subject to regulation of Federal Reserve Board.. 14 12 342 Dissolution: Effect National bank, for failure to comply with the act... bank District: BEC Definition Federal Reserve. (See Federal Reserve District.) Dividends, Federal Reserve Banks. Earnings: E Federal Reserve Banks, how distributed... "Edge Amendment" Banks: must have a minimum capi- Directors of Federal Reserve Banks..... Emergency currency: Limitations of, act of May 30, 1908, Examinations: Expenses Federal Reserve Banks.. Federal Reserve Board given power to examine all member banks Member banks .... Other visitatorial powers.. Special examinations by Federal Reserve Bank. State banks ..... Loans and gratuities must not be made to. Other services shall not be performed by.... Penalty for accepting loan or gratuity.... Penalty for disclosure of confidential information... Salary Exchange: ... Not to be charged against Federal Reserve Banks.... Regulated by Federal Reserve Board. Exemption of Federal Reserve Banks from taxation.. F Farm lands. (See Loans on farm lands.) Creation 16 4 16 16 16 Vacancies, how filled. Federal Reserve Agent: Appointment Assistants Bond ... Compensation ... Deposits by, with Secretary of Treasury. Holding deposits required by Federal Reserve Act... Assessments by Federal Reserve Board for expenses.. become members Banks in Alaska and dependencies and possessions may Board of directors. (See also Directors) Chairman of board of directors.. Clearing and collection charges regulated by Federal 14 13 10 19 4 4 16 16 13 13 Deputy chairman of board of directors.. Designation 64 Information to be furnished Federal Reserve Board... ... .... Officers, ineligibility of Senators and Representatives.. Rediscounts. (See Rediscounts.) Special examinations of members..... Supervision by Federal Reserve Board..... Surplus left upon liquidation goes to United States.... Weekly statement of conditions by Federal Reserve SECTI 11 11- 11- 11- 11- Approval of directors' compensation. Assessments against Federal Reserve Banks to pay ex- ury Designation or requirement of Federal Reserve Bank Ex officio members.. Expenses Expenses of handling deposits with Secretary of Treas- Expenses of money shipments.. Federal Reserve notes, regulation of issue. 16 10 10 16 16 16 First meeting 10 Governor- Appointment 10 |