The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
TREASURY DEPARTMENT INTER OFFICE COMMUNICATION DATE: June 2, 1934. >• Hoguet, Jr. Eccles. RE: H« R. 9Qfr5 !• R # 9045 - To a»end Section 5219 of the Revised Statutes was reported out by the House Banking & Currency Cosmittee yesterday* It reads in part as follows: "Sec* 5219* The legislature of each State may determine and direct the manner and place of taxing national banking associations located within its Units, provided such taxation shall not be at a greater rate than is imposed upon the shares, business income, and/or property of State banks•• You will remember that S. 2788, deal ing with this Section of the Revised Statutes, has also been reported out. Attached is a onrbon of a memorandum I wrote previously on these bills and a cojy of H. R* 9045.
@FedFRASER