An Act to amend section 5240 of the Revised Statutes, as amended, relating to the examination of national banks.
PL 84-502 (S.1188), enacted 04/30/1956

124 
PUBLIC LAW 501-APR. 30, 1956 
[70 ST A T . 
April 30,1956 
|H. R. 8728] 
Public Law 501 
CHAPTER 227 
AN ACT 
To authorize the burial in national cemeteries of the remains of certain 
commissioned officers of the Public Health Service. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America 
in Congress assembled, That burial in 
national cemeteries of the remains of commissioned officers of the 
United States Public Health Service who were detailed for duty with 
the Army or Navy during World War I pursuant to the Act of July 
46 use 654. 
1, 1902 (32 Stat. 712, TIB), as amended, and Executive Order Num-
bered 2571 dated April 3, 1917, and of the wife, widow, minor child 
and, in the discretion of the Secretary of the Army, unmarried adult 
child of these officers is authorized: Provided, That the remains of 
the wife, widow, and children may, in the discretion of the Secretary 
of the Army, be removed from a national cemetery proper and 
interred in the post section of a national cemetery if, upon death, 
the related officer is not buried in the same or an adjoining gravesite. 
Approved April 30, 1956. 
April 30, 1956 
[S. 1188] 
Public Law 502 
CHAPTER 228 
AN ACT 
To amend section 5240 of the Revised Statutes, as amended, relating to the 
examination of national banks. 
National banks. 
Examination* 
38 StaU 271. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That the first para-
graph of section 5240 of the Revised Statutes, as amended (12 U. S. C. 
481), is amended by deleting the first sentence thereof and substituting 
therefor the following sentences: "The Comptroller of the Currency, 
wdth the approval of the Secretary of the Treasury, shall appoint 
examiners who shall examine every national bank twice in each 
calendar year, but the Comptroller, in the exercise of his discretion, 
may waive one such examination or cause such examinations to be 
made more frequently if considered necessary. 
The waiver of one 
such examination as above provided shall not be exercised more fre-
quently than once during any two-year period."; and by deleting 
from the second sentence thereof the following: ", or of any other 
member bank,". 
SEC. 2. The third paragraph of section 5240 of the Revised Stat-
utes, as amended (12 U. S. C. 482), is amended by deleting the second 
sentence thereof and substituting therefor the following: "The ex-
pense of the examinations herein provided for shall be assessed by 
the Comptroller of the Currency upon national banks in proportion 
to their assets or resources. The assessments may be made more 
frequently than annually at the discretion of the Comptroller of the 
Currency. 
The annual rate of such assessment shall be the same for 
all national banks, except that banks examined more frequently than 
twice in one calendar year shall, in addition, be assessed the expense 
of these additional examinations." 
SEC. 3. The seventh paragraph of section 5240 of the Revised 
Statutes, as amended (12 U. S. C. 482), is deleted and there is sub-
stituted therefor the following: "In addition to the expense of exami-
nation to be assessed by the Comptroller of the Currency as hereto-
fore provided, all national banl^ exercising fiduciary powers and 
all banks or trust companies in the District of Columbia exercising 
70 
S T A T . ] 
PUBLIC LAW 503-MAY 1, 1956 
125 
fiduciary powers shall be assessed by the Comptroller of the Currency 
for the examination of their fiduciary activities a fee adequate to 
cover the expense thereof." 
Approved April 30, 1956. 
Public Law 503 
CHAPTER 229 
AN ACT 
To make certain increases in the annuities of annuitants under tlie Foreign 
Service retirement and disability system. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That the annuity of 
an annuitant under the Foreign Service retirement and disability 
system pursuant to the Act of May 24,1924 (43 Stat. 140), as amended, 
or the Foreign Service Act of 1946 (60 Stat. 999), as amended, shall 
be increased the first day of the second month following enactment of 
this Act in accordance with the following rules: 
If the annuitant was formerly a participant in the system, the annu-
ity to which he is entitled shall be increased $324, provided he retired 
before July 1,1949. 
SEC. 2. In the case of an officer who retired before July 1,1949, and 
elected a reduced annuity at time of retirement, and who availed him-
self of the restoration clause in section 821 (b) of the Foreign Service 
Act of 1946, as amended, such officer shall be entitled to receive the 
increase provided by the first section of this Act. 
SEC. 3. If the annuitant is receiving an annuity on the effective date 
of this Act as the survivor of a former participant in the system who 
retired before July 1, 1949, the annuity shall be increased in the 
amount of $324 or in such larger amount as may be necessary to make 
the total annuity equal to $1,200; except that in no event shall such 
annuity be increased by any amount in excess of $324 if such increase 
would result in a total annuity greater than the annuity which such 
survivor would have been entitled to receive (as determined by the 
Secretary of State, taking into consideration any generally applicable 
pay increases but not any in-class increases or possible additional years 
of service) immediately prior to the eflfective date of this Act if such 
former participant had retired on November 13, 1950 (the date spe-
cified in Public Law 348, Eighty-second Congress). 
SEO. 4. If the wife of a Foreign Service officer who retired prior to 
July 1, 1949, becomes an annuitant subsequent to the effective date of 
this Act, as a result of the election made by the officer at time of 
retirement, such widow's annuity shall be increased in the amount of 
$324. 
SEC. 5. In any case where a participant under the Foreign Service 
retirement and disability system died before August 29,1954, leaving a 
widow who is not entitled to receive an annuity under the system, the 
Secretary of State is authorized and directed to grant such widow an 
annuity of not to exceed $1,200 per annum, if he finds that such widow 
(whether remarried or not) is in actual need and without other ade-
quate means of support. 
SEC. 6. In no case shall an annuity increased under this Act exceed 
the maximum annuity payable under section 821 (a) or (b) of the 
Foreign Service Act of 1946, as amended. 
SEC. 7. No annuity currently payable to any annuitant under the 
Foreign Service retirement and disability system shall be reduced as a 
result of the provisions of this Act. 
Approved May 1, 1956. 
May 1,1956 
[S. 128»] 
Foreign Service* 
Re tirement 
a n d 
disability. 
2 2 u s e 801 note; 
1061 et 
eeq. 
60 Stat. 1020. 
22 u s e 1076. 
66 Stat. 82. 
22 u s e 1078. 
60 Stat. 1020; 69 
Stat. 537. 
22 u s e 10 76. 
Restriction.