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14 FEDERAL RESERVE B O A R D WASHINGTON ADDRESS OFFICIAL CORRESPONDENCE T O T H E FEDERAL RESERVE BOARD Jllly f f 1933# SUBJECT: Proposed Regulations and Forms re Voting Permits for Holding Company Affiliates of national and State Member Banks. Dear M r . There are inclosed herenith six copies of a tentative draft of regulations and forms governing tho issuance of voting permits authorizing holding companies rrhich orm or control National or State member 'banks to vote the stock held "by them at meetings of the stockholders of such "banks; and it mill be appreciated if you and the officers of your Federal reserve baric will study these documents and give the Federal Reserve Board your comments and suggestions thereon at the earliest practicable date, not later than Monday morning, July 17, 1933. Under the provisions of section 5144 of the Revised Statutes, shares of stock of a national bank o w e d or controlled by a holding company affiliate cannot be voted at any meeting of the shareholdere of such bank until such holding company has obtained a voting permit. In vietr of the fact that numerous national banks are notr in process of reorganization and some of them are controlled by holding company aff iliates * it is important that regulations V > and forms far this purpose be issued as soon as possible. * Very truly yours. » Chester Morrill, Secretary. •> Inclosures. TO OF cmmsai ALL F. B. BASKS.
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