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Page:United States Statutes at Large Volume 38 Part 1.djvu/270

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or other uses, or any vested right acquired thereunder and the Secretary of the Interior, in carrying out the provisions of this Act, shall proceed in conform1ty with the laws of said SW Approved, December 19, 1913. /

cmu-. 5:-A.n Act Amending an Act entitled "An Act to increase the limit of D°°°{g¤ggg,?·,1°*3- cost of certam public buildings, to authorize the enlargement, extension, remodeling, ;4...;__. or improvement of cerfam pu lic buildings to authorize the erection and completion [P¤bIi¤. N0- 42-1 of pu he buildings, to authorize the urchase of sites for public buildings, and for other purposes/’ approved March fourgi, nineteen hundred and thirteen. Be it enacted by the Senate and House o Representatives of the United , , States of America in Congress assembled? That section twenty-six of ii°ui°c1i{°¤i$`iuiifsnm§ka the Act approved Marc fourth nineteen hundred and thirte` en, ‘{,‘§‘°““· P*“°"“'¤“· which authorizes the Secretary of the Treasury to enter into a contract or contracts_for the erection of iireproof laboratories for the ,,g},‘;°{°g§‘_§_?° °‘ “'“· Bureau of Mines in the c1ty of Pittsburgh, Pe lvania, and so WL 37.p.`886» forth, is hereby amended so as to authorize thuéuxcrctcry of the Treamiy, m his discretion, to accept and expend, in addition to the limit o cost therein fixed, such funds as mafyobe received by contribution from the State of Pe , or m other sources, for ‘ the pmpose of enla@ng, by purc , condemnation, or otherwise, - and improving thei site authorized to be acquired for said Bureau of Mines, or for other work contemplated by said legislation: Prmnkled, Limit circus. That the acceptance of such contributions and the improvements made therewit shall involve the United States in no expenditure in excess of the limit of cost heretofore fixed. Approved, December 22, 1913.


chap. 6.An Act To provide for the establishment of Federal reserve banks, to furrish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.


Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the short title of this Act shall be the “Federal Reserve Act”.

Wherever the word “bank” is used in this Act, the word shall be held to include State bank, banking association, and trust company, except where national banks or Federal reserve banks are specincally referred to.

The terms “national bank” and “national banking association” used in this Act shall be held to be synonymous and interchangeable. Tho term “member bank” shall be held to mean any national bank, State bank, or bank or trust company which has become a, member of one of the reserve banks created by this Act. The term “board” shall be held to mean Federal Reserve Board; the term “district” shall be held to mean Federal reserve district; the term “reserve bank” shall be held to mean Federal reserve bank.


federal reserve districts.

Sec. 2. As soon as practicable, the Secretary of the Treasury, the Secretary of Agriculture and the Comptroller of the Currency, acting as “The Reserve Bank Organization Committee,” shall designate not less than eight nor more than twelve cities to bo known as Federal reserve cities, and shall divide the continental United States, excluding Alaska, into districts, each district to contain only one of such Federal reserve cities. The determination of said organization