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12 U.S.C. § 337 — Repealed. Pub. L. 89–485, § 13(g), July 1, 1966, 80 Stat. 243

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 337 — Repealed. Pub. L. 89–485, § 13(g), July 1, 1966, 80 Stat. 243

### Statutory Notes Section, act Dec. 23, 1913, ch. 6, § 9 (par.), as added June 16, 1933, ch. 89, § 5(c), 48 Stat. 166, required agreements of State member banks with holding company affiliates to be subject to voting restrictions and to provide for forfeiture of membership on failure to file agreement. This section was comprised of the twenty-second par. of section 9 of act Dec. 23, 1913, as amended. The twenty-second par. constituted the twentieth par. of section 9 when added in 1933, became the twenty-first par. in 1935 (49 Stat. 704), and became the twenty-second par. in 1950 (64 Stat. 458). For further details, see Codification notes set out under sections 321 and 329a of this title.

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Source location: Title 12, Chapter 3, § 337; chapter-003-federal-reserve-system.md

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 321 — Application for membership

Any bank incorporated by special law of any State, operating under the Code of Law for the District of Columbia, or organized under the general laws of any State or of the United States, including Morris Plan banks and other incorporated banking institutions engaged in similar business, desiring to become a member of the Federal Reserve System, may make application to the Board of Governors of the Federal Reserve System, under such rules and regulations as it may prescribe, for the right to subscribe to the stock of the Federal Reserve bank organized within the district in which the applying bank is located. Such application shall be for the same amount of stock that the applying bank would be required to subscribe to as a national bank. For the purposes of membership of any such bank the terms “capital” and “capital stock” shall include the amount of outstanding capital notes and debentures legally issued by the applying bank and purchased by the Reconstruction Finance Corporation. The Board of Governors of the Federal Reserve System, subject to the provisions of this chapter and to such conditions as it may prescribe pursuant thereto may permit the applying bank to become a stockholder of such Federal Reserve bank.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 337 — Repealed. Pub. L. 89–485, § 13(g), July 1,

Page 118 TITLE 12—BANKS AND BANKING § 335 (Dec. 23, 1913, ch. 6, § 9 (pars.), as added June 16, 1933, ch. 89, § 5(c), 48 Stat. 165; amended Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704; Pub. L. 89–485, § 13(f), July 1, 1966, 80 Stat. 243.) Editorial Notes REFERENCES IN TEXT This subchapter, referred to in text, was in the origi- nal ‘‘this section’’, meaning section 9 of act Dec. 23, 1913, which is classified generally to this subchapter (§ 321 et seq.). CODIFICATION Section is comprised of the seventeenth to nineteenth pars. of act Dec. 23, 1913, as amended. These pars. con- stituted pars. fifteen to seventeen of section 9 in 1933 (48 Stat. 165), became pars. sixteen to eighteen in 1935 (49 Stat. 704), and became pars. seventeen to nineteen in 1950 (64 Stat. 458). For further details, see Codifica- tion notes set out under sections 321 and 329a of this title. AMENDMENTS 1966—Pub. L. 89–485 struck out last sentence of third par. stating that term ‘‘affiliate’’ shall include holding company affiliates as well as other affiliates for the purposes of such par. and preceding two pars. Statutory Notes and Related Subsidiaries CHANGE OF NAME Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System. § 335. Dealing in investment securities; limita- tions and conditions State member banks shall be subject to the same limitations and conditions with respect to the purchasing, selling, underwriting, and hold- ing of investment securities and stock as are ap- plicable in the case of national banks under paragraph ‘‘Seventh’’ of section 24 of this title. This section shall not apply to any interest held by a State member bank in accordance with sec- tion 24a of this title

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