An Act to provide that certain functions of the Comptroller of the Currency which relate to building associations organized in, or doing business in, the District of Columbia shall hereafter be performed by the Home Loan Bank Board, and for other purposes
PL 82-148 (H.R.3957), enacted 09/15/1951

65 STAT.] 
PUBLIC LAW 148—SEPT. 15, 1951 
323 
escorts to France, two destroyer escorts to Denmark, three destroyer 
escorts to Peru, and two destroyer escorts to Uruguay is authorized 
under the provisions and limitations contained in the Mutual Defense 
Assistance Act of 1949, as amended. 
SEC. 2. Notwithstanding the provisions of section 4 of Public Law 
3, Eighty-second Congress, approved March 10, 1951, the transfer of 
eight destroyer escorts to Brazil, one destroyer escort to Great Britain, 
and six destroyer escorts to France is authorized under the provisions 
and limitations contained in the Mutual Defense Assistance Act of 
1949, as amended: Provided^ That the destroyer escorts, the transfer 
of which is authorized by this section, are on the date of approval of 
this Act in the possession of the Governments named in this section 
under agreements made pursuant to an Act to promote the defense of 
the United States, approved March 11,1941, as amended. 
Approved September 15, 1951. 
63 Stat. 714. 
22 U. S. C. 
note. 
1571 
55 Stat. 31. 
22U.S.C. §411 note. 
Public Law 147 
CHAPTER 402 
AN ACT 
To amend section 125 of the National Defense Act to provide that distinctive 
marl£ or insignia shall not be required in the uniforms worn by members of 
the National Guard of the United States, both Army and Air. 
September 15, 1951 
[H. R. 4113] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 125, 
National Defense Act (39 Stat. 216), as amended, be further amended 
by deleting after the word "by" in the second proviso the words 
"officers or enlisted men of the National Guard, or by". 
Approved September 15, 1951. 
10 U. S. C. § 1393. 
Public Law 148 
CHAPTER 404 
AN ACT 
To provide that certain functions of the Comptroller of the Currency which 
relate to building associations organized in, or doing business in, the District 
of Columbia shall hereafter be performed by the Home Loan Bank Board, and 
for other purposes. 
September 15,1951 
[H. R. 3957] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That section 691 of 
the Act of March 3,1901, entitled "An Act to establish a code of law for 
the District of Columbia", as amended (D. C. Code, sec. 26-404), is 
hereby amended— 
(1) by striking out "the Comptroller of the Currency, in addi-
tion to the powers conferred upon him by law for the examination 
of national banks, is further authorized, whenever he may deem it 
useful", and by inserting in lieu thereof "the Home Loan Bank 
Board is authorized, whenever such Board may deem it useful"; 
(2) by striking out "not exceed the sum of twenty-five dollars 
for the first five hundred thousand dollars or fractional part 
thereof of assets and the sum of ten dollars for each additional 
two hundred and fifty thousand dollars or fractional part thereof 
of assets, and"; 
(3) by striking out "The said comptroller shall also have power 
to take possession of any company or association whenever in his 
judgment it is insolvent or is knowingly violating the laws under 
which such company is incorporated, and to liquidate the same in 
District of Colum-
bia. 
Home Loan Bank 
Board. 
31 Stat. 1299. 
324 
PUBLIC LAW 149—SEPT. 18, 1951 
[65 
STAT. 
Transfer of powers, 
etc. 
the manner provided in the laws of the United States in respect to 
national banks:", and by inserting in lieu thereof "The Home 
Loan Bank Board shall also have power to take possession of any 
company or association whenever in the Board's judgment any 
such company or association is insolvent or is knowingly violating 
the laws under which it is operated and to liquidate the same in 
the manner provided in rules and regulations which said Board 
is hereby authorized to adopt, and said Board may also provide 
in such rules and regulations a procedure for the voluntary liqui-
dation of any such company or association; and if any such com-
pany or association which has not gone into liquidation and for 
which a receiver has not already been appointed for other lawful 
cause shall discontinue its operations for a period of sixty days, 
the Home Loan Bank Board may, if such Board deems it advis-
able, appoint a receiver for such company or association:"; 
(4) by striking out "Comptroller of the Currency" wherever 
appearing in such section and by inserting in lieu thereof "Home 
Loan Bank Board"; and 
(5) by striking out the word "him" from the second sentence 
of such section and by inserting in lieu thereof the words "such 
Board". 
SEC. 2. Section 691a of such Act (D. C. Code, sec. 26-405) is hereby 
amended— 
(1) by striking out "Comptroller of the Currency" wherever 
appearing in such section, and by inserting in lieu thereof "Home 
Loan Bank Board"; 
(2) by striking out "he" and "his" wherever appearing in 
paragraph (e) of such section, and by inserting in lieu thereof 
"such Board" and "such Board's", respectively; and 
(3) by striking out in paragraph (g) of such section "if said 
examination is made beyond the limits of the District of Colum-
bia, but if made within the limits of the District of Columbia, 
the cost of the examination to be at the same rate and upon the 
same terms as provided in section 691". 
SEC. 3. Subsection (c) of the Act of April 26, 1922 (42 Stat. 500), 
as amended by the Act of March 4, 1933 (47 Stat. 1564; D. C. Code, 
sec. 26-103 (c)), is hereby amended by striking out "Comptroller of 
the Currency" wherever appearing in such subsection and inserting 
in lieu thereof "Home Loan Bank Board", and by adding after the 
phrase "to maintain any ofl5ce or place of business in the District of 
Columbia," the following: "other than a foreign association which 
qualifies for a certificate of authority under section 691a of the Act of 
March 3, 1901, as amended (D. C. Code, sec. 26-405)". 
SEC. 4. Any powers, duties, and functions of the Comptroller of 
the Currency with respect to building associations and building and 
loan associations operating in the District of Columbia which are not 
transferred to the Home Loan Bank Board by the specific statutory 
amendments herein contained are also hereby transferred from the 
Comptroller of the Currency to the Home Loan Bank Board. 
Approved September 15, 1951. 
September 18, 1951 
[H. R. 3193] 
Public Law 149 
CHAPTER 406 
AN ACT 
To establish a rate of pension for aid and attendance under part III of Veterans 
Regulation Numbered 1 (a), as amended. 
Be it enacted hy the Senate and House of Representatives 
of the 
Veterans' pensions, jjnited States of America in Congress assembled^ That (a) paragraph