Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1912-02-01

tho United States bonds held by
the Association which have beer
purchased from the national banks
and which had previously been de
posted by those banks to secure
their circulating notes, shall be
deducted
Reports.
81. The National Reserve Associa.
ton shall make a report, showing
the principal items of it's balance
sheet, to the Comptroller of the Cur
rency cnce a week. These reports
shall be made public In addition,
full reports shall be made to the
Comptroller of the Currency coin
cident with the five reports called
for each year from the national
banks.
So. All reports of national bank
examiners in regard to the condition
of banks shall hereafter be made in
duplicate. and one copy shall be
filed with the National Reserve AS
ISOLATION for the confidential use
OF its executive officers and branch
managers.
SO. All subscribing banks shall, un
der regulations to be prescribed,
make report monthly. or oftener If
required. to the National Reserve AS
sociation showing the principal items
of their balance sheets
State Banks and Trus. Companies.
60. a bank or n trust company
which is Incorporated under the
laws Of any State may subscribe to
the capital stock of the National
Reserve Association in the same
manner and under the same condi-
lions as prescribed for national
banks. and such subscribing bank
shall become member of a local
association and have the same rights
and privileges therein as If it were
= national bank; provided
6l. % That (a) If a bank, it
shall have a paid-in capital of not
less than that required for a ma
tional bank in the same location; |
and that (b) If trust company, it |
shall have an unimpaired surplus of
not less than 20 per cent of its cap
ital, and if located in a city of 25.-
300 inhabitants or less, shall have a
paid-in capital of not less than
800. 900, and in a larger city a pro
greater capital up to
$500, 600 in a city of $780, 900 inhabi-
ants or more.
81. GU That it shall have and
Igree to maintain against its de-
nand deposits a reserve OF like
character and proportion to that
'oquired by law of national bank
IL the same location; provided, how
,yer. that deposits which it may
rave with any subscribing national
'ank. State bank. or trust company
n a city designated in the national
'anking laws as a reserve in like
manner and to the same extent as
similar deposits of a national bank
With national banks in such cities.
IS. go That it shall have and
gree to maintain against all other
lasses of deposits the percentages
4 reserve required by this Act.
Mote Issues.
6, There shall be no further is
ne of circulating notes beyond
he amount now outstanding by any
ational bank National banks may,
they choose, maintain their pres
Mt note issue. but whenever
1nk r5tirls the whole or any part
its existing issue il shall per
surrender its right to re
sue the notes so retired.
sc, The National Reserve Associa.
on must. for a period Of one year.
tier to purchase at price not
SIS than par and accrued interest y
,c per cent bonds held by sub s
riding national banks aud deposit
| to secure their circula ting notes :
he National Reserve Association 4
all take over these bonds and
. n