The Washington times., 1906-06-21
The COmptrOIler'S Pow
erS viii Be En-
larged.
.SENATE'S AMENDMENT
Banks, Savings Institutions,
Trust Companies and Like
Concerns Affected.

] On motion Of Representative Kline OF
I Pennsylvania the House today con-
/ CURED IN the Senate amendments 70
! the House bill so amending the District
code as 70 enlarge the powers Of the
! Comptroller OF the Currency IN his
/ supervision and regulation OF banks.
| savings companies. trust companies. or
other banking Institutions. whether or
ganlzed under the authority OF acts OF
lIongreSs or by virtue Of the laws OF
any Of the States Of the Union and do
Ing business in the District of Columbia.
Regulation sOf Financial Institxtions.
The bill requires that all savings
Jbanks. or savings companies. or trust
companies. or other banking institu-
tons. Organized under authority Of any
act OF Congress TO do business in the
/ District OF Columbia. or organized BY
virtue Of the laws OF any OF the States
| OF this Union. and having 2n Office or
I banking house located within the Dis
tr-ct Of Columbia. where deposits or
savings are received. shall be. ana are
hereby. required 20 make 10 the Comp
trollcr OF the Currency and 10 publish
all the reports which national banking
associations are required 10 make and
publish. under the provisions OF sections
5Zll- BIZ and 5-5I3, OF the Revised
Statutes OF the United States. and shall
I be subject 10 the same penalties for fail
ure 10 make such reports as are therein
provided. which penalties may be col
IecJed oy suit before the supreme Court
% the District OF Columbia
The t1muLrO-icr shah have power
I when IN his opinion IL is necessary. 10
take possession OF any such bank or
company, Tor the reasons and II the
manner and 20 the same extent as are
provided ~ the laws of the United States
with respect 70 national banks: Provid-
ed, however, That banking Institutions
I having Offices or banking houses II
foreign countries as well o. in the Dis
t-lcJ Of Columbia shall only De required
. 20 make and publish the reports prOvid-
cd for IN this section ----ni-SlnnUally-
Senate Amendment Agreed To.
The House agreed 10 the Senate
amendment:
THAT all publications authorized or
required by said section 5211 Of the Re
vised Statutes and all other publiCa-
lions authorized or required by existing
law 10 De made IN the District Of CoIun-
bia. shall be printed in TWO or more
daily newspapers OF general circulation,
published in the city OF Washington. one
OF which shah Se a morning news
paper
The House also agreed TO the Senate-s
action in striking out the provision that:
Comptroller 70 Supervise Banks.
The Comptroller OF the Currency,
with the approval Of the SSsretary OF
the Treasury, IS further authorized 10
make rules for the regulation Of the
banking business within the District
Of Columbia by the banks mentioned
in section I15. and 10 provide for the en-
fOrcement OF such regulations by the
assessment Of reasonable fines, which
may be collected by suit before ths
Supreme Court Of the District of CCIu11-
bla- The expenses OF such suit shall
be paid from the proceeds OF the fines
collected. and the balance shan be an
nu2lly paid 70 the Treasurer OF the
United States"