Page:United States Statutes at Large Volume 40 Part 1.djvu/259

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240 s1XrY-1·*1FTH coivemass. sms. 1. CHS. 32, ee. 1917. Pr¤v*•·>· exis liabilitiesi Provided, however, That no bank shall s¤il§:a.l°°°s’ °w" r°§l.86ah;g time giifke new loans or shall pay any dividends unless and until the total balance r uired by law is fully restored. 8*1 . . . Bm °* ¤¤•"° °•*‘ “In estimating the balances required by this Act, the net diiferenee °°°°°` of amoimts due to·and from other banks shall be_taken as the basis for the de sits against which required balances with S Federal reserve banks shiill be stemmed. _ Mm- i¤¤°'¤*·°*°·· "National banks, or banks organized under local laws, located 111 hiirmpsmme. Alaska or in a dependency or insular ession or any part of the United States outside the continental nited States may remam nonmember banks, aud shall in that event maintain reserves and comply with all the conditions now provided by law regulating them; or said banks may, with the consent of the Reserve Board, become member banks of any one of the reserve districts, and shall m that event take stock, maintain reserves, and be subject to all the other _ _ provisions of this Act." _ ‘ _

,,gR&llf‘Lll3Y"{,°%§,`{Z Sec. 11. That that dpart of section twenty-two which reads as
 ,,2 follows: "Other than e usual salary or d1rector’s fees paid to any

meninu. p` ’ oiilcer, director, or employee of a member bank and other than a reasonable fee paid by said bank to such officer, director, or employee for service rendered to such banlsi no officer, director, employee, or attorney of a member bank sh I be a benehciary of or receive, directly or indirectly, any fee, commission, gift, or other consideration for or in connection with any transaction or business of the bank. " RWM M m be amended and reenacted so as to read as follows: ny¤m¤ua¤¤¤sé»a." "Othesr than the usual salary or director’s fee paid to any officer,

  • “"""'“"’· director, employee, or attorney of a member bank, and other than

a reasonable fee paid by said bank to such officer, director, employee, or attorney for services rendered to such bank no officer, director, employee, or attorney of a member bank shall be a beneficiary of or receive, directly or indirectly, any fee, commission, gift, or other consideration for or in connection with any transaction or business §§,,Y',$,, mdk of the bank: Prmnded, however, That nothing in this Act contained ¤¤* P*°*=**=**¤·i· shall be construed to prohibit a director, omcer, employee, or attorney from_receiving the same rate of interest aid to other depositors for similar deposits made with such bank: And provided further, nimmumewec. That notes,_ drafts, bills_of exchange, or other evidences of debt executed or mdorsed by directors or attorneys of a member bank may be .dlSCO`l1D.l$Bd with such member bank on the same terms and concmm ditions as other notes, drafts, bills of exchange, or evidences of debt "" upon the aflirmative vote or written assent of at least a majority of t e members of the board of directors of such member bank." Approved, June 21, 1917. (iii]? gésiiiaié.] CHAP. 83.-Joint Resolution To correct an error in the sundry civil appropriatiw ’H.j,;j,;§;;T Act for the fiscal year nineteen hundred and eighteen. _. Resolved by the Semzte and House o Representatives o the United S n ul . . pe£nliyr1e·°i. °ppr° States gi America cn Congress aeeemblell, That that ortidlii of the Act °d·}·¤¢. r-17Y.¤¤¤¤¤¤-entitle "An Act making appropriations for sund)rv civil expenses of the Government for the fiscal year ending June thirtieth, nineteen hundred and eighteen, and for other Surposesf which reads: "Fo1' Ap opdammmk maintenance and operation of the enema Canal, salary of the aryoljgovernor of Pau- governor: ’ IS am9Hd€d to I`G8.Cl 8.8 follows: HF O1' I]18.l.Dl3€· m°°°¤°*»°°¤¤°*•>¤· giigcpo operation of the Panama Canal, salary of the governor, Approved, Jnme 21, 1917.