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1808
*9 / % -

BE IT ENACTED BY THE SENATE AND HOUSE OF REPRESENTATIVES
OF THE UNITED STATES OF AMERICA IN CONGRESS ASSEMBLED, That S e c t i o n 17 of t h e Act approved December 23, 1913, known a s t h e F e d e r a l Reserve A c t , be and i s h e r e b y amended so as t o read a s f o l lows :
S e c . 1 7 . So rou eh of t h e p r o v i s i o n s of s e c t i o n f i f t y one h u n d r e d and f i f t y r - n i n e of t h e R e v i s e d S t a t u t e s of t h e
U n i t e d S t a t e s , and s e c t i o n f o u r of t h e Act of June
t w e n t i e t h , e i g h t e e n h u n dre d and s e v e n t y - f o u r , and s e c t i o n
e i g h t of t h e Act of J u l y t w e l f t h , e i g h t e e n hundred and
e i g h t y - t w o , and of any o t h e r p r o v i s i o n s of e x i s t i n g s t a t u t e s a s r e q u i r e t h a t b e f o r e any n a t i o n a l b a n k i n g a s s o c i a t i o n s s h a l l be a u t h o r i z e d t o commence b a n k i n g b u s i n e s s
i t s h a l l t r a n s f e r and d e l i v e r t o t h e T r e a s u r e r of t h e
U n i t e d S t a t e s a s t a t e d amount of U n i t e d S t a t e s r e g i s t e r e d
bonds AND SO MUCH OF THOSE PROVISIONS OR OF ANY OTHER,
PROVISIONS OF EXISTING STATUTES AS REQUIRE ANY NATIONAL
BANKING ASSOCIATIONS N0'7 OR HEREAFTER ORGANIZED TO MAINTAIN A MINIMUM DEPOSIT OF SUCH BONDS WITH THE TREASURER
i s hereby r e p e a l e d .

12/12/16