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1019 EE IT ENACTED BY THE SENATE AND HOUSE OF REPRE SENTATIVES OF THE UNITED STATES IN CONGRESS ASSEMBLED, That every hank, hanking association, trust com pany and private hanker authorized hy the laws of the United States or of any State to receive money on deposit subject to check shall pay an annual tax of one*tenth of one per cent on the aggregate amount of checks paid hy it during each fis cal year which hear the endorsement of or which are collected through any other hank, hanking association, trust company or private banker located outside of the State in which such checks are made payable> and every hank, hanking association, trust company or private hanker shall make a return at the end of each quarterly period to the Collector of Internal Revenue showing the aggregate amount of such chefcks paid during that quarter, such return being verified hy the oath of a member of any private hanking firm or of at least two officers of any in corporated hank, banking association, or trust company, PROVIDED, HOWEVER, that this tax shall not apply to any Federal reserve hank or member bank of any Federal reserve bank, or to any non member hank v\hich carries and maintains a collection or exchange account with any Federal reserve hank under authority of the Federal Reserve Act. 2/14/17
@FedFRASER