Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1863-09-05

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Of the currency to keep in his Office a book
in which shall be entered the name of every
association from whose account such transfer
Of bonds is made by the treasurer, and the
name of the party to whom such transfer is
made in blank, in which case the fact shall
be stated in said book, and in either case the
par value Of the bonds SO transferred shall
be entered therein and it shall be the duty
of the comptroller. immediately upon coun-
tersigning and entering the same, to advise
by mail the association from whose account
such transfer was made, the kind of bonds
and the amount thereof so transferred.
Sec. %. AAd be Il .fxrtAer enacted, That
it shall be the duty Of the comptroller of the
currency to countersign and enter in the
book, in the manner aforesaid, every transfer
or assignment of any bonds held by the
treasurer presented for his signature; and
the comptroller shall have at all times during
Office hours access to the books of the treas
urcr, for the purpose of ascertaining the cor
rectncss of the transfer or assignment pre-
sented to him to countersign and the treas
urcr shall have the like access to the book
above mentioned, kept by the comptroller,
during office hours to ascertain the correct
ness of the entries in the same. -.~
Sec. 90. Ind be it .fa4hey enacted, That
it shall be the duty of either the president or
cashier of every banking association having
stocks deposited in the Office of the treasurer
of the United States, once or more in each
fiscal year, and at such time or times during
the ordinary business hours as said officer or
officers may select, to examine and compare
the bonds so pledged with the books of said
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to the said treasurer certificate setting forth
the different kinds and the amounts thereof,
and that the same are in the possession and
custody of the treasurer at the date of such
certificate. Such examination may be made
by al agent of such association, duly ap-
pointed in writing for that purpose, whose
certificate before mentioned shall be of like
force and validity as if executed by such
president or cashier.
Sec. "a. And be II further enacted, That
every association issuing circulating notes un-
der the provisions of this act, shall make q
quarterly report to the comptroller Of the cur
rency commencing ON the first day of the
quarter of the year next succeeding the Or
ganization of such association, and continu-
ing on the first days Of each succeeding quar-
ter in every year thereafter, which report
shall be verified by the oath of affirmation of
the president and cashier, and all wilful and
false swearing in respect to such report shall
be perjury, and subject to the punishment
prescribed by law for such offence. The re-
port hereby required shall be in the form
prescribed by the comptroller, and shall con-
tain true statement of the condition of the
association making such report, before the
transaction of any business on the morning
of the day specified, next preceding the date
of such report. in respect of the following
items and particulars, to wit: Loans and
discounts, overdrafts due from banks, amount
due from the directors of the association, real
estate, specie, cash items, stocks, bonds, and
prommissory notes, bills of solvent banks,
bills of suspended banks, loss and expense
account, capital, circulation, profits, amount
due to banks, amount due to individuals and
corporations other than banks, amount due
the treasurer of the United States, amount
due to depositors on demand. amount due,
not included under either Of the above heads.
And it shall be the duty of the comptroller
to publish full abstracts of such reports to-
gcthcr in two newspapers to be designated
by him for that purpose, one in the city Of
Washington and the other in the city of New
York, exhibiting the items of capital. cirtu.
lation, and deposits, specie and cash items,
public securities and private securities and
tho separate report of each association shall
be published in newspaper published in the
place where such association is established,
or, if there be no newspapers at such place,
then in newspaper published at the capital
of the State, at tho expense Of the associa-
ton making such report. In addition to the
quarterly reports required by this section, ev-
cry association located and doing business in
the cities of Boston. Providence, New York,
Philadelphia, Baltimore. Cincinnati, Chicago.
st. Louis. and New Orleans, shall publish or
cause to be published. on the morning Of the
first Tuesday in each month, in newspaper
printed in the city in which the association
making such report is located. to be designa-
ted by the comptroller Of the currency, a
statement, under the oath Of the president or
cashier, showing the condition of the associ-
ton making such statement. on the morning
of the day next preceding the date of such
statement, in respect to the following items
and particulars, to wit: average amount of
loans and discounts, specie, deposits, and cir
culation. ...
Sec. 25. ind be it further enacted, That
if any such association shall, at any time fail
to redeem, in the lawful money of the United
States, any of its circulating notes, when pay
ment thereof shall be lawfully demanded,
during the usual hours Of business, at tho Of
fee Of such association. the holder may cause
the same to be protested, in one package, by
o notary public, unless the president or cash
| ier of the association shall offer to waive de-
mand and notice Of the protest. and shall, in
pursuance Of such offer, make, sign, and de-
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