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" Except as thus provided, no member bank shall keep on deposit with any nonmember bank a sum in excess of ten per centum of its own paid-up capital and surplus. No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving... "
Operation of the National and Federal Reserve Banking Systems, Hearings ... - Page 377
by United States. Congress. Senate. Committee on Banking and Currency - 1932
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Trust Companies, Volume 17

1913 - 588 pages
...Senate, contains this clause: "No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal reserve bank under the provisions of this Act.'r This is plainly intended to force State banks and trust companies into the system. Doubtless...
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Trust Companies, Volume 23

1916 - 686 pages
...the clause which provides that no member bank shall act as a medium or agent of a non-member bank in applying for or receiving discounts from a Federal Reserve bank under the provisions of the act, except by permission of the Federal Reserve Board. Despite the many assurances conveyed by...
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Federal Reserve Act, 1913: McFadden Act, 1927; Banking Act of 1933, Banking ...

United States Congress. House. Banking and Currency Committee - 1958 - 908 pages
...paid-up capital and surplus. No member bank shall act as the medium or agent of a nonmemher bank in applying for or receiving discounts from a Federal...except by permission of the Federal Reserve Board. The reserve carried by n member bank with a Federili reservo bunk may, under the regulations nnd subject...
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Member Bank Reserve Requirements: Hearings Before Subcommittee No.2 of ...

United States Congress. House. Banking and Currency Committee - 1959 - 348 pages
...paid-up capital and surplus. No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal...except by permission of the Federal Reserve Board. "The reserve carried by a member bank with a Federal reserve bank may, under the regulations and subject...
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Member Bank Reserve Requirements: Hearings Before Subcommittee No. 2 of the ...

United States. Congress. House. Committee on Banking and Currency - 1959 - 344 pages
...paid-up capital and surplus. No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal...except by permission of the Federal Reserve Board. ""'The reserve carried by a member bank with a Federal reserve bank may, under the regulations and...
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Member Bank Reserve Requirements, Hearings Before ...,86-1 OnS.860 AndS.1120 ...

United States. Congress. Senate. Banking and Currency Committee, United States. Congress. Senate. Committee on Banking and Currency - 1959 - 260 pages
...paid-up capital and surplus. No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal...provisions of this Act, except by permission of the Board of Governors of the Federal Reserve System. [USC, title 12, sees. 374, 462. As reenacted without...
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Study of Subcommittee Credit, Hearings Before a Subcommittee of ..., 86-1 ...

United States. Congress. Senate. Banking and Currency Committee - 1959 - 892 pages
...reads in part as follows: "* * * No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal...provisions of this Act, except by permission of the Board of Governors of the Federal Reserve System." Section 24 of the Federal Reserve Act reads in part...
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Study of Mortgage Credit, Volumes 22-23

United States. Congress. Senate. Committee on Banking and Currency - 1959 - 892 pages
...reads in part as follows: "* * * No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal...provisions of this Act, except by permission of the Board of Governors of the Federal Reserve System." Section 24 of the Federal Reserve Act reads in part...
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Recent Federal Reserve Action and Economic Policy Coordination ..., Part 1

United States. Congress. Joint Economic Committee - 1965 - 744 pages
...reads in part as follows: "* * * No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal...provisions of this Act, except by permission of the Board of Governors of the Federal Reserve System." Section 24 of the Federal Reserved Act reads in...
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Miscellaneous Banking Bills: Hearing, Eighty-ninth Congress, First Session ...

United States. Congress. Senate. Committee on Banking and Currency, United States. Congress. Senate. Committee on Banking and Currency. Subcommittee on Financial Institutions - 1965 - 128 pages
...shall act as the medium or agent of a nonmember bank in applying for or receiving [discounts] advances from a Federal reserve bank under the provisions of this Act, except by permission of the Board of Governors of the Federal Reserve System. FEDERAL RESERVE ACT (SEC. 23 A, PAR. 2; 12 USC 371c)...
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