Page:United States Statutes at Large Volume 42 Part 1.djvu/648

620 SIXTY-SEVENTH CONGRESS. Sess. II. CHS. 204, 205. 1922. provided by law and transportation to place of conviction or place of bona fide residence in the United States or such other place within the United States as may be authorized by_ the _Attomey General; support of prisoners becoming insane during imprisonment, and who continue insane after expiration of sentence who have no friends to whom they can be sent; shipping remams of deceased prisoners to their friends or relatives in the United States and interment of deceased prisoners whose remains are unclaimed; expenses mcurred in identifying and ursuing escaped prisoners and or rewards for their recapture; andp not exceeding $2,500 for repairs, betterments, and im rovements of United States jails, including sidewalks, $1,050,000. 1¤S1>e=¢=i¤¤ ¤f1>r1¤¤¤= liispection of prisons and prisoners: For the inspection of United me pnS°°m` States prisons and prisoners, and for the collection, classification, and preservation of criminal identification records and their exchange with the oilzicials of State and other institutions, including salary of the assistant su erintendent of prisons, $2,500; to be expended under the direction ofp the Attorney General, $12,000. Approved, June 1, 1922. June 3 1922. [$-2563-1 CHAP. 205.-An Act To amend the Federal Reserve Act approved December [Public, No. B0.] 23_ ]g]3_ Be it enacted by the Senate and House my Re esentatives 1y' the A;gg’m§?°""° A°* United States of America in Congress asse Zed, ilqhat section 10 of “y¤1.ss,p26¤,=¤me¤d— the Felderap lgeserve Act, approved December 23, 1913, is amended ° to rea as o ows: B(§§,§°'°* R°¤°"° Sec. 10. A Federal Reserve Board is hereby created which shall Coq¤i>9si¤¤¤: mem- consist of eight members, including the Secretary of the Treasury °°”h“’ m$'°”°d' and the Comptroller of the Currency, who shall be members ex APP°‘¤**"°”*°'”*’°'$· officio, and six members appointed bg the President of the United States, by and with _ the advice an consent of the Senate. In selecting the six appomtive members of the Federal Reserve Board, not more than one of whom shall be selected from any one Federal reserve district, the President shall have due regard to a fair repretogirgmpicgpgégdtwrs sentation of the financial, agricultural, industrial and commercial nuns; ss1aries;etc. interests, and gieographical divisions of the country. The six members of the Fe eral eserve Board a pointed by the President and confirmed as aforesaid shall devote their entire time to the business of the Federal Reserve Board and shall each receive an annual salary of $12,000, payable monthly, to ether with actual necessary C_·;\rg<1ig<m;r igilyulg traveling expenses, and the Comptroller of the Currency, as ex cumliicy. officio member of the Federal Reserve Board, shall, in addition to the salary now paid him as Comptroller of the Currency, receive {she slum of $7,000 annually for his services as a member of said oar . h,,‘f({,°,§‘é"j,§’g_ §§§j“f,§ The Secretary of the Treasury and the Comptroller of the Curg¤§i¤ber ¤>¤¤ks. m<><1i· rency shall be mehgible during the time they are in office and for two years thereafter to hold any office, sition, or emplo ent in any member bank. _ The appointive memlbzrs of the Federalllieserve Board shall be ineligible uring the time they are in office and for two years thereafter to hold any office, position, or employment in any member bank, except that this restriction shall not apply to _ _ a member who has serve the full term for which he was appointed. m§`,f,“b§§_°'°PP°m'*‘° Of the six members thus appointed by the President one shall be designated by the President to serve for two, one for four, one for six, one for eight and the balance of the members for ten years, and thereafter cac member so appointed shall serve for a term of ten years, unless sooner removed for cause by the President. Of the six persons thus appointed, one shall be designated by the President