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X-1280 a November 20,1918. Article !I, Re::;ul:1tio11 ::? 1 Series of ).SJ. 7: which relates to applications for perrr.ission to exercise tn1.st poo~ers h<A.s been amended by the Board to read as follows: II APPLICATIONS • • (a)_Qrigin:;..l AR.P1JC3.tj:.2._Jl-- A n::J.tion:;..l bank which has not heretofore been granted 3. permit to exercise any trust powers desiring to exercise any or all of the powers authorized by Section Il 1 sub-section (k)~ of the Federal Reserve Act, as arLenJ.ed by the Act of Septerr.ber 26,1918, shall m::J.ke application to the Federal Reserve Board on a form approved by said Board (Form No. 61-a). Such application sha~l be fo1warded by the applying bank to the chairrran of the board of directors of the Federal Reserve bank of its district, and shall thereupon be transmitted to the Federal Reserve Board for its action .. (b) Supplerr,entary Applications-- A national bank ·Nh ich has heretofore been granted permission to exercise any or all of the fiduciary powers enumerated in Section 11 (k) as originally enacted 1 desiring to apply for permission to exercise additional pONers, shall rr.ake application to the Federal Reserve Board on a forn, appro·red by said 3oard (Forn, No. 61 b}. Such application shall be forw:::l.rded to the F0deral Reserv3 Soard in the s::J.me rr.anner as an original application. (c) Pending- applic:::l.tions--A national b.nk 1 Nhos3 application for permission to exercise trust pON3rs was filed before the passage of the Act of Septerrber 26 1 1918 1 if it desires to exercise the adJitional p~Ners enu~erated in Section II (k), as amended, rr.ay withdraw such application and file a new application on Form 6la. If the original application is not withdrawn, the Board will act upon it as to the powers enumerated in such application, ::a.nd the applying bank rr.ay later file .a supplerrentary application for the additional poNers desired on Forrr 6lb. (d) Applications Heretofore Refused-- A national bank whose application for permission to exercise trust po·Ners has heretofore been refused rrjust file a neN application on Forrr, 6la if it desires to exercise any of the powers enurrerated in Section II (k) as arr.ended.
