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80XH C O N G R E S S 1ST SESSION I f T > A Q 1 1 O IN T H E HOUSE OF R E P R E S E N T A T I V E S FEBRUARY 28,1947 Mr. LARCADE introduced the following bill; which, was referred to the Committee on Banking and Currency A BILL To amend the Federal Eeserve Act, as amended, to provide that the absorption of exchange and collection charges shall not be deemed the payment of interest 0 1 deposits. 1 1 2 Be it enacted by the Senate and House of Bepresentatives of the United States of America in Congress assembled, 3 That the first sentence of the twelfth paragraph of section 4 19 of the Federal Eeserve Act, as amended (relating to 5 the payment of interest by member banks on demand de6 posits), is amended by inserting before the period at the 7 end thereof a colon and the following: "Provided further, 8 That this paragraph shall not be deemed to prohibit the 9 absorption of exchange or collection charges by member 10 banks". f3 o I a i ® ^ o a5 4 © 1 «-" FT. 5 3 w i— > ® g. ( ® D CD Pi ct- Q < > t f ff a Vj 1§ 2. C rf g J S g I-!T > S I § a s w M p < I p E 5 * o q p o t » a 9 3 B 3 §^ e- > ^o^ g (« p" <rh 3 -. ag ^ CD W w S° E S O ® a8S 2 C £ - 8- B § SL^J CD r t- E" & | | H* a O P go r ? Ls § r ?i § ,9 & < 0 0 o MS p OQ f ®O fii CO X JO • IO 00 e>