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X-1317 RESOLUTION LEVYING .ti.SSES~OOIT_- VJhereas, under sect ion 10 of the act approved December 23, 1913, and ro1o~n as the Federal Reserve ~ct, the Federal Reserve Board is empowered to levy semi-annually upan the Fede~al Reserve Bunks in proportion to their capital stock and surplus an assessment suff:cient to pay its estimated expenses, including the salaries of its members, assistants, attorne~·s, ex~rts, and employees for the half year succeeuing the levying of such assessment, together with any deficit carried forward from the preceding half year; and Whereas, it appears from estimates submitted and considered that it i~ necessary that a fund equal to two hunared ninety-six thous~ndths of one per cent (.00296) Of the total·paid-in capital stock and surplus Of the Federal Reserve Banks be created for the purpOse hereinbefore described, exclusive of the cost of engraving and printing ot Federal Reserve notes; Now, therefore, i:l Be -it resolved, That pursuant to the authority vested in it by la"~, the Fe<leral Reserve Board hereby levies an assessment U}On the several Federal Reserve Banks of an amount equal to tv,o hundred ninety-six thousand~hs of one per cent (.00296} of the tctal paid-in capital stock and surplus of such banks, and the .l!'iscal Agent Of the Board is hereby authorized to collect from said banks such assessment and execute, in the name of the Board receipts for ~yments made. such assessment will be collected in two installments o£ one-half each; the first installment to be paid on January l, 1919, and the second hal£ on 1~rch 1, 1919.
@FedFRASER