Page:United States Statutes at Large Volume 74.djvu/591

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[74 Stat. 551]
[74 Stat. 551]
PUBLIC LAW 86-000—MMMM. DD, 1960

74 S T A T. ]

PUBLIC LAW 86-671-JULY 14, 1960

of Directors shall prescribe and shall be certified by the president of the bank or any other officer designated by its board of directors or trustees that to the best of his knowledge and belief the statement is true, correct and complete and in accordance with the Federal Deposit Insurance Act and regulations issued thereunder. The assessment payments required from insured banks under paragraphs (1) and (2) of this subsection shall be made in such manner and at such time or times as the Board of Directors shall prescribe, provided the time or times so prescribed shall not be later than sixty days after filing the certified statement setting forth the amount of assessment. "(4) Except as otherwise provided in this section, the Board of Directors shall prescribe all needful rules and regulations for the enforcement of this section. The Board of Directors may limit the retroactive effect, if any, of any of its rules or regulations." SEC. 3. Section 7 of the Federal Deposit Insurance Act (12 U.S.C. 1817) is amended by substituting for the date "December 31, 1950" in subsection (d) the date "December 31, 1961"; by substituting for the numerical figure "40" in subsection (d) the numerical figure "33V3"; by substituting for the words "fails to file" in subsection (f) the words "fails to make any report of condition under subsection (a) of this section or to file"; by substituting for the words "file such statement" in subsection (f) the words "make such report or file such statement"; by substituting for the word "filed" in the first sentence of subsection (g) the words "made any such report of condition under subsection (a) of this section or filed"; by substituting for the words "to file" in the first sentence of subsection (g) the words "to make any such report or file"; by substituting for the words "to file" in the first sentence of subsection (h) the words "to make any report of condition under subsection (a) of this section or to file"; and by substituting for the words "in its trust or deposited in any other department or in another bank" in the first sentence of subsection (i) the words "in its trust department or held or deposited in any other department of the fiduciary bank" and by striking the words after the colon in the second sentence and substituting a period for said colon. SEC. 4. Section 10 of the Federal Deposit Insurance Act (12 U.S.C. 1820) is amended by striking out subsections (e) and (f) thereof and relettering subsection (g) as subsection (e). SEC. 5. (a) Section 5211 of the Revised Statutes of the United States (12 U.S.C. 161) is amended by striking out the first paragraph thereof and inserting in lieu of such paragraph the following: "(a) Every association shall make reports of condition to the Comptroller of the Currency in accordance with the Federal Deposit Insurance Act. The Comptroller of the Currency may call for additional reports of condition, in such form and containing such information as he may prescribe, on dates to be fixed by him, and may call for special reports from any particular association whenever in his judgment the same are necessary for his use in the performance of his supervisory duties. Each report of condition shall contain a declaration by the president, a vice president, the cashier, or by any other officer designated by the board of directors of the bank to make such declaration, that the report is true and correct to the best of his knowledge and belief. The correctness of the report of condition shall be attested by the signatures of at least three of the directors of the bank other than the officer making such declaration, with the declaration that the report has been examined by them and to the best of their knowledge and belief is true and correct. Each report shall exhibit in detail and under appropriate heads the resources and lia-

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Rules and regulations.

Reports to Comptroller of Currency.