An Act to amend sections 23A and 24A of the Federal Reserve Act, as amended
PL 83-460 (S.3481), enacted 06/30/1954

358 
PUBLIC LAW 4 60-JUNE 30, 1954 
[68 S T A T , 
appointment, was credited with less than three years' service under the 
second sentence of subsection 506 (c) of the Officer Personnel Act of 
1947, shall, for promotion, seniority, and promotion-list-position pur-
poses, be credited as of the date of appointment with three years' 
service: Provided^ That no back pay or allowances shall be held to 
have accrued as the result of the enactment of this subsection for any 
period prior to the date of enactment thereof. 
Approved June 30, 1954. 
June 30, 1954 
[S.3481] 
Public Law 460 
CHAPTER 434 
AN ACT 
To amend sections 23A and 24A of the Federal Reserve Act, as amended. 
Bank premises* 
48 Stat. 
Stat. 717. 183; 49 
48 Stat. 184. 
48 Stat. 162. 
12 u s e 221a. 
Be it enacted hy the Senate and House of Re'presentatives 
of the 
United States of America in Congress assembled^ That the third para-
graph of section 23A of the Federal Reserve Act, as amended (U. S. C , 
1952 edition, title 12, sec. 37lc), is amended by deleting therefrom the 
words "on June 16, 1934," and substituting in lieu thereof the word 
"solely"; and by deleting therefrom the words "or in maintaining and 
operating properties acquired for banking purposes prior to such 
date". 
SEC. 2. Section 24A of the Federal Reserve Act, as amended 
(U. S. C, 1952 edition, title 12, sec. 37ld), is amended by inserting 
after the words "investments and loans" a comma and the words 
"together with the amount of any indebtedness incurred by any such 
corporation which is an aifiliate of the bank, as defined in section 2 of 
the Banking Act of 1933, as amended,". 
Approved June 30, 1954. 
June 30, 1954 
[H. R. 3413] 
Public Law 461 
CHAPTER 
435 
AN ACT 
To grant oil and gas in lands and to authorize the Secretary of the Interior to 
issue patents in fee on the Fort Peck Indian Reservation, Montana, to individ-
ual Indians in certain cases. 
Fort Peck Indian 
Reservation, Mont. 
O i l 
a n d 
g a s 
grants. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the oil and gas 
in land located within the Fort Peck Indian Reservation, Montana, 
allotted on or after March 3, 1927, which is now reserved to the 
Indians having tribal rights on such reservation by the first section 
of the Act of March 3,1927 (44 Stat. 1401), relating to oil and gas in 
certain tribal lands within the Fort Peck Indian Reservation, Mon-
tana, is hereby granted to the allottee of such lands, or, if such Indian 
Lieu allotments, is deceased, to his heirs or devisees: Provided^ That if the allottee or 
his heirs or devisees, relinquished such allotment and received a lieu 
allotment of other lands in the said reservation or transferred title to 
such allotment to the Fort Peck Tribe and, in exchange therefor, 
received an assignment of the same or other lands in the said reserva-
tion, the oil and gas hereby granted shall be only that in the land in 
the lieu allotment or the exchange assignment, as the case may be. 
SEC. 2. If on or after March 3, 1927, the allottee or his heirs or 
devisees, relinquished an allotment made prior to March 3, 1927, and 
received a lieu allotment of other lands in the said reservation or 
transferred title to such allotment to the Fort Peck Tribe and, in 
exchange therefor, received an assignment of the same or other lands