# United States Statutes at Large/Volume 3/14th Congress/2nd Session/Chapter 38

Chap. XXXVIII.—An Act transferring the duties of commissioner of loans to the Bank of the United States, and abolishing the office of commissioner of loans.
The Bank of the United States, &c. to perform the duties of commissioners of loans.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Bank of the United States, and its several branches, shall be, and they are hereby, required to do and perform the several duties of commissioners of loans for the several states; and the Bank of the United States and its several branches, and such state banks as the Bank of the United States may employ in those states where no branch bank shall be established, shall observe and conform to the directions which have been or may hereafter be prescribed by the Secretary of the Treasury, with the approbation of the President of the United States, touching the execution of the duties aforesaid.
Sec. 2. And be it further enacted, That all such duties and acts are are now done and performed by the commissioners of loans, in transferring stock from the books of one loan office to another, or to the books of the treasury, or from the books of the treasury to the books of the loan offices, shall be done and performed by the president of the Bank of the United States, the president of the several branches of the said bank, and by the president of such state banks as the Bank of the United States may employ, (in states where no branch of the United States Bank shall be ​established:) and the acts of the presdents aforesaid shall be countersigned by the cashiers of those banks respectively.
The Secretary of the Treasury to notify the President of the Bank of the United States, &c.Sec. 3. And be it further enacted, That it shall be the duty of the Secretary of the Treasury to notify the President of the Bank of the United States, that the duties now performed by the commissioners of loans will be transferred to the Bank of the United States, and he shall direct the commissioners of loans and the agents for military pensions, where there is no commissioner, respectively, in the several states, to deliver to the president of the Bank of the United States, or to the president of a branch thereof, or to the president of such state bank as the Bank of the United States may employ, on such day or days as he may designate, the register, and all the records and papers of their respective offices; and it shall be the duty of the said commissioners of loans and agents for pensioners to comply with the said direction, and also to take duplicate receipts for the delivery of the records and papers herein described, one of which shall be transmitted, without delay, to the Secretary of the Treasury: Provided, however,Proviso; as to the time, &c. Proviso; as to states where no banks are established by law. that the Secretary of the Treasury may designate such time before the first day of January, one thousand eight hundred and eighteen, for the performance of the duties aforesaid, as the public convenience will permit; And provided also, That this act shall not be construed to extend to any agent for military pensions in any state where there is no bank established by law.
Sec. 4. And be it further enacted, That the office of commissioner of loans, upon the delivery of the recordsOffice of commissioner of loans abolished, &c. and papers, as herein required, to the Bank of the United States, or its branches, or to the state banks employed by the Bank of the United States in those states where there may be no branch, shall be, and is hereby abolished; and the pay and emoluments of the said commissioners of loans, and the clerks and persons employed by them, after such delivery, shall respectively cease and determine.
An act for the prompt settlement of public accounts in force from the 3d of March, 1817. Act of March 3, 1817, ch. 45.Sec. 5. And be it further enacted, That the act, entitled “An act for the prompt settlement of public accounts,” shall commence, and be in force, on and after the third day of this instant, March, any thing in the aforesaid act to the contrary notwithstanding.
Approved, March 3, 1817.