An Act to provide for the participation of the United States in the Asian Development Bank
PL 89-369 (H.R.12563), enacted 03/16/1966

80 STAT.] 
PUBLIC LAW 89-36 9-MAR. 16, 1966 
71 
SEC. 303. TEMPORARY DUTY-FREE ENTRY FOR GIFTS FROM MEM-
BERS OF ARMED FORCES IN COMBAT ZONES. 
(a) GIFTS COSTING $50 OR LESS.—Subpart B of part 1 of the appen-
tlix to the Tariff Schedules of the United States (19 U.S.C. 1202) is 
amended by inserting after item 915.20 the following new item: 
915.25 
Articles constituting a bona flde gift from a member 
of the Armed Forces of the United States serving 
in a combat zone (within the meaning of section 
112(c) of the Internal Revenue Code of 1954) to the 
extent such articles in any shipment do not exceed 
$50 In aggregate retail value in the country of ship-
ment and with such limitations on the importation 
of alcoholic beverages and tobacco products as the 
Secretary of the Treasury may prescribe, if such 
articles were purchased In or through authorized 
agencies of the Armed Forces of the United States 
or in accordance with regulations prescribed by 
the Secretary of Defense 
Free (see 
head-
note 2 
of this 
sub-
part) 
Free (see 
head-
note 2 
of this 
sub-
part) 
On or 
before 
12/31/67 
(b) CLERICAL AMP:NDMENT.—Headnote 2 for subpart B of part 1 of 
such appendix is amended by striking out "item 915.20" and inserting 
in lieu thereof "items 915.20 and 915.25". 
(c) EFFECTIVE DATE.—The amendments made by this section shall 
apply with respect to articles entered, or withdrawn fi-om wniohouse, 
tor consumption after the date of the enactment of this Act. 
Approved March 15, 1966, 8:15 p.m. 
77A Stat. 434. 
Public Law 89-369 
AN ACT 
March 16, 1966 
To provide for the participation of the United States in the Asian Development 
[H. R. I2563] 
Bank. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States 
of America 
in Congress assembled^ That this Act me'^f B"i!k^Ac'°^" 
may be cited as the "Asian Development Bank Act". 
ACCEPTANCE 
OF 
MEMBERSHIP 
SEC. 2. The President is hereby authorized to accept membership 
for the United States in the Asian Development Bank (hereinafter 
referred to as the "Bank") provided for by the agreement establish-
ing the Bank (hereinafter referred to as the "agreement") deposited 
in the archives of the United Nations. 
SEC. 3. (a) The President, by and with the advice and consent of 
the Senate, shall appoint a Governor of the Bank, an alternate for the 
Governor, and a Director of the Bank. 
(b) No person shall be entitled to receive any salary or other 
compensation from the United States for services as a Governor or 
Alternate Governor. 
The Director may, in the discretion of the 
President, receive such compensation, allowances, and other benefits 
as, together with those received hj him from the Bank, will equal 
those authorized for a Chief of Mission, class 2, within the meaning 
of the Foreign Service Act of 1946, as amended. 
SEC. 4. (a) The policies and operations of the representatives of 
the United States on the Bank shall be coordinated with other United 
States policies in such manner as the President shall direct. 
• (b) An annual report with respect to United States participation 
in the Bank shall be submitted to the Congress by such agency or 
officer as the President shall designate. 
Presidential ap-
pointees. 
60 Stat. 999. 
22 u s e 801 
note. 
Report to Con-
72 
PUBLIC LAW 89-369-MAR. 16, 1966 
[80 STAT. 
SEC. 5. Unless the Congress by law authorizes such action, neither 
the President nor any person or agency shall, on behalf of the United 
States, (a) subscribe to additional shares of stock of the Bank; (b) 
vote for or agree to any amendment of the agreement which increases 
the obligations of the United States, or which would change the pur-
pose or functions of the Bank; or (c) make a loan or provide other 
financing to the Bank, except that funds for technical assistance not 
to exceed $1,000,000 in any one year may be provided to the Bank 
by a LTnited States agency created pursuant to an Act of Congress 
which is authorized by law to provide funds to international 
organizations. 
DEPOSITORIES 
SEC. 6. Any Federal Reserve bank which is requested to do so by 
the Bank shall act as its depository or as its fiscal agent, and the 
Board of Governors of the Federal Reserve System shall supervise 
and direct the carrying out of these functions by the Federal Reserve 
banks. 
PAYMENT OF SUBSCRIFTIONS 
Appropriation. 
gj,^^ ^ (jj^^ There Is hereby authorized to be appropriated, without 
fiscal year limitation, for the purchase of twenty thousand shares of 
capital stock of the Bank, $200,000,000. 
(b) Any payment made to the United States by the Bank as a dis-
tribution of net income shall be covered into the Treasury as a mis-
cellaneous receipt. 
JURISDICTION AND VENUE OF ACTIONS 
SEC. 8. For the purpose of any civil action which may be brought 
within the United States, its territories or possessions, or the Common-
wealth of Puerto Rico, by or against the Bank in accordance with the 
agreement^ the Bank shall be deemed to be an inhabitant of the Fed-
eral judicial district in which its principal office or agency in the 
United States is located, and any such action to which the Bank shall 
be a party shall be deemed to arise under the laws of the United States, 
and the district courts of the United States, including the courts enu-
merated in title 28, section 460, United States Code, shall have original 
jurisdiction of any such action. When the Bank is a defendant in any 
action in a State court, it may, at any time before the trial thereof, 
remove such action into the district court of the United States for the 
proper district by following the procedure for removal of causes 
otherwise provided by law. 
STATUS, I M M U N I T I E S , AND PRIVILEGES 
SEC. 9. The agreement, and particularly articles 49 through 56, shall 
have full force and effect in the United States, its territories and pos-
sessions, and the Commonwealth of Puerto Rico, upon acceptance of 
membership by the United States in, and the establishment of, the 
Bank. 
The President, at the time of deposit of the instrument of 
acceptance of membership by the United States in the Bank, shall also 
deposit a declaration that the United States retains for itself and its 
olitical subdivisions the right to tax salaries and emoluments paid 
y the Bank to its citizens or nationals. 
SECURITIES I S S U E D BY BANK AS INVESTMENT SECURITIES FOR NATIONAL 
BANKS 
SEC. 10. The last sentence of paragraph 7 of section 5136 of the 
Revised Statutes, as amended (12 U.S.C. 24), is amended by striking 
65 Stat. 725. 
80 STAT.] 
PUBLIC LAW 89-370-MAR. 17, 1966 
73 
the word "or" after the words "International Bank for Reconstruc-
tion and Development" and inserting a comma in lieu thereof, and by 
inserting after the words "the Inter-American Development Bank' 
the words "or the Asian Development Bank". 
SECURITIES ISSUED BY BANK AS EXEMPT SECURITIES ; REPORT FILED WITH 
SECURITIES AND EXCHANGE COMMISSION 
SEC. 11. (a) Any securities issued by the Bank (including any 
guarantee by the Bank, whether or not limited in scope) in connection 
with raising of funds for inclusion in the Bank's ordinary caj)ital 
resources as defined in article 7 of the agreement and any securities 
guaranteed by the Bank as to both principal and interest to which the 
commitment in article 6, section 5, of the agreement is expressly 
applicable, shall be deemed to be exempted securities within the mean-
ing of paragraph (a) (2) of section 3 of the Act of May 27, 1933, as 
amended (15 U.S.C. 77c), and paragraph (a) (12) of section 3 of 
48stat.906,882. 
the Act of June 6, 1934, as amended (15 U.S.C. 78c). The Bank 
shall file with the Securities and Exchange Commission such annual 
and other reports with regard to such securities as the Commission 
shall determine to be appropriate in view of the special character of 
the Bank and its operations and necessary in the public interest or 
for the protection of investors. 
(b) The Securities and Exchange Commission, acting in consulta-
tion with such agency or officer as the President shall designate, is 
authorized to suspend the provisions of subsection (a) at any time as 
to any or all securities issued or guaranteed by the Bank during the 
period of such suspension. The Commission shall include in its annual C^^^TVSS *° 
reports to Congress such information as it shall deem advisable with 
regard to the operations and effect of this section and in connection 
therewith shall include any views submitted for such purpose by any 
association of dealers registered with the Commission. 
Approved March 16, 1966, 9:50 a.m. 
Public Law 89-370 
AN ACT 
March 17, 1966 
Far the relief of certain classes of civilian employees of naval installations 
[H. R. 2627j 
erroneously in receipt of certain wages due to misinterpretation of certain 
personnel instructions. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That each civilian j ^ ^ ^ / ^ ^ instaiia-
employee and each former civilian employee of any United States 
Relief o
f certain 
Xavy installation is relieved of all liability to refund to the United civilian employees. 
States any and all amounts which were erroneously received by him 
without fault on his part after May 25, I960, and before July 1,1962, 
resulting from a premature within-grade advancement based upon a 
a misinterpretation of cover sheet 852 of the Navy Civilian Personnel 
Instructions dated May 25, 1960. Any such employee or former 
employee who has at any time made repayment to the United States of 
an amount paid to him as a result of any such misinterpretation is 
hereby entitled to have refunded to him such amount so repaid if appli-
cation thei'efor is made to the Secretary of the Navy within one year 
following the date of enactment of this Act. 
In the audit and settle-
ment of the accounts of any certifying or disbursing officer of the 
United States, full credit shall be given for appropriate amounts for 
which liability is relieved by this Act. 
Appropriations available for 
the pay of civilian personnel of the Navy are hereby made available 
for payment of refunds under this Act.