An Act to amend section 10 and section 3 of the Federal Reserve Act, and for other purposes
PL 87-622 (S.1005), enacted 08/31/1962

418 
PUBLIC LAW 87-622-AUG. 3^, 1962 
[76 STAT. 
Repeal. 
Effective date. 
"No mileage fees shall be collected for services or endeavors to 
serve in the District of Columbia; 
"The marshal may require a deposit to cover all fees and expenses 
herein prescribed." 
SEC. 2. Section 1112 of the Act of Ma;;ch a, 1901, entitled "An Act 
to establish a code of law for the District of Columbia" (31 Stat. 1189, 
1365; sec. 11-1510, D.C. Code, 1961 edition), as amended, is repealed. 
SEO. 3. This Act shall become effective ninety days after enact-
ment. 
Approved August SI, 1962. 
August 31, 1962 
[S. 1005] 
Public Law 87-622 
AN ACT 
To amend section 10 and section 3 of the Federal Reserve Act, and for other 
purposes. 
Federal Reserve 
branch bank build-
ings. 
42 Stat. 1223: 
67 Stat. 41. 
40 Stat. 232. 
Be It enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress asserabted^ That the ninth 
paragraph of section 10 of the Federal Reserve Act, as amended 
(U.S.C, title 12, sec. 522), is amended by striking out "$30,000,000" 
and inserting "$60,000,000". 
SEC. 2. Section 3 of the Federal Reserve Act, as amended (U.S.C, 
titlel2, sec. 521), is hereby further amended by adding at the end there-
of the following paragraph: 
"No Federal Reserve bank shall have authority hereafter to enter 
into any contract or contracts for the erection of any branch bank 
building of any kind or character or to authorize the erection of any 
such building, except with the approval of the Board of Governors 
of the Federal Reserve System." 
Approved August 31, 19'62. 
August 31, 1962 
[S. 2876] 
Public Law 87-623 
AN ACT 
To extend for one year the authority to insure mortgages under sections 809 
and 810 of the National Housing Act. 
Armed Services. 
Housing mort-
gage insurance, 
extension. 
63 Stat. 571; 
75 St^. 111. 
12 u s e 1748b. 
70 Stat. 273. 
i r U S C 1748h-l. 
73 Stat. 683. 
12 u s e 1748h-2. 
Be it enacted hy the Senate and House of^ Representatives 
of the 
United States of America in Congress assembled, That the last proviso 
in section 803(a) of the National Housing Act is amended— 
(1) by striking out "under this title" and inserting in lieu 
thereof "under this section"; and 
(2) by striking out "under section 803 of this title" and 
inserting in lieu thereof "under this section". 
SEC. 2. Section 809(f) of the National Housing Act is amended by 
striking out "and the expiration date of the Commissioner's authority 
to insure", and by adding at the end thereof the following new sen-
tence : "No more mortgages shall be insured under this section after 
October 1, 1963, except pursuant to a commitment to insure before 
such date." 
SEC. 3. Section 810(k) of the National Housing Act is amended by 
striking out "and the expiration date of the Commissioner's authority 
to insure", and by adding at the end thereof the following new sen-
tence : "No more mortgages shall be insured under this section after 
October 1, 1963, except pursuant to a commitment to insure before 
such date." 
Approved August 31, 1962.