An Act to amend the Federal Home Loan Bank Act to give Puerto Rico the same treatment as a State in the election of Federal Home Loan Bank directors
PL 87-676 (H.R.10383), enacted 09/19/1962

visions. 
76 STAT. ] 
PUBLIC LAW 87-677-SEPT. 19, 1%2 
559 
(c) The section herein redesignated as section 2005 is further 
amended by striking out "subchapter" and inserting in lieu thereof 
"chapter". 
(d) Such chapter 41 is further amended by striking out the head-
ings of subchapters I and XL 
(e) Claims for benefits under sections 2001 through 2009 of chapter 
savings pro-
41 of title 38, United States Code, for any benefit week beginning 
before January 31, 1960, which claims are pending on the date these 
sections are repealed, shall be adjudicated in the same manner and 
with the same effect as if the sections had not been repealed. For 
the purpose of ad*ninistering the program with respect to such claims, 
all functions, powers, and duties conferred upon the Secretary of 
Labor by sections 2001 through 2009 are continued in effect, and all 
rules and regulations established by the Secretary of Labor pursuant 
to these sections, and in effect when the sections are repealed, shall 
remain in jull force and effect until modified or suspended. 
Approved September 19, 1962. 
Public Law 87-676 
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September 19, 1962 
To amend the Federal Home Loan Bank Act to give Puerto Rico the same treat- 
[H.R. 10383] 
ment as a State in the election of Federal Home Loan Bank Directors. 
Be it enacted by the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That subsection (e) 
Puerto RICO. 
of section 7 of the Federal Home Loan Bank Act, as amended, is Federal Home 
hereby amended by striking out the last sentence of said subsection and amendme^.^'^*' 
inserting in lieu thereof the following: "The term 'States' or 'State' as 75 stat. 487. 
used in this section shall mean the States of the Union, the District 
14t"f^s'»^o^/ 
of Columbia, and the Commonwealth of Puerto Rico. The Board, "state.»» 
by regulation or otherwise, may add an additional elective director-
ship to the board of directors of the bank of any district in which the 
Commonwealth of Puerto Rico is included at the time such director-
ship is added and which does not then include five or more States, may 
fix the commencement and the duration, which shall not exceed two 
years, of the initial term of any directorship so added, and may fill 
any such initial term by appointment: Provided, That (1) any direc-
torship added pursuant to the foregoing provisions of this sentence 
shall be designated by the Board, pursuant to subsection (b) of this 
section, as representing the members located in the Commonwealth of 
Puerto Rico, (2) such designation of such directorship shall not be 
changed, and (3) such directorship shall automatically cease to exist if 
and when the Commonwealth of Puerto Rico ceases to be included 
in such district." 
Approved September 19, 1962. 
Public Law 87-677 
AN APT 
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September 19, 1962 
To amend the Bankruptcy Act in respect to the salaries of retired referees. 
[H. R. 12157] 
Be it enacted by the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That paragraph d 
courts. 
of section 40 of the Bankruptcy Act (11 U.S.C. 68(d)) is amended to ^^^l\^ referees. 
read as follows: 
^ 6o stat. 328. 
"d. (1) All referees in bankruptcy and employees in the offices of 
such referees shall be deemed to be officers and employees in the judi-
560 
PUBLIC LAW 87-678-SEPT. 20, 1962 
C76 STAT. 
cial branch of the United States Government within the meaning of 
the Civil Service Retirement Act. 
"(2) Any referee who has retired or been retired under the provi-
sions of paragraph (1) of this subdivision may, if called upon by a 
judge of a court of bankruptcy, perform such duties of a referee, 
conciliation commissioner, or special master under this Act, within 
the jurisdiction of the court, ^s he may be able and willing to under-
take. The retired referee shall receive as compensation for his serv-
ices, either full or part time, the salary authorized for the referee serv-
ing the territory to which the retired referee is assigned. However, 
the rate of compensation of a retired referee assigned to serve on a 
full-time basis in the territory of a part-time referee shall be the mini-
mum rate established by the Judicial Conference of the United States 
for full-time service. Salaries authorized under this paragraph shall 
be subject to the provisions of section 13(b) of the Civil Service 
70 Stat. 757. 
Retirement Act." 
Approved September 19, 1962. 
5 u s e 2263. 
Public Law 87-678 
September 20. 1962 
JOINT RESOLUTION 
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Granting consent of Congress to the State of Delaware and the State of New 
Jersey to enter into a compact to establish the Delaware River and Bay 
Authority for the development of the area in both States bordering the 
Delaware River and Bay. 
Whereas, the State of Delaware and the State of New Jersey, pursuant 
Delaware-New 
to legislative authority adopted by each State, being 53 Laws of 
Jersey Compact. 
Delaware, chapter 145, and P.L. 1961, chapter 66 of the Laws of 
New Jersey, have provided, subject to the consent of Congress, for 
a compact, known as the Delaware-New Jersey Compact, establish-
ing "The Delaware River and Bay Authority" for the development 
of the area in both States bordering the said Delaware River and 
Bay; and 
Whereas, said compact reads as follows: 
DELAWARE-NEW J E R S E Y 
COMPACT 
Whereas, The State of Delaware and New Jersey are separated by the 
Delaware River and Bay which create a natural obstacle to the 
uninterrupted passage of traffic other than by water and with normal 
commercial activity between the two States thereby hindering the 
economic growth and development of those areas in both States 
which border the River and Bay; and 
Whereas, the pressures of existing trends from increasing traffic, 
growing population and greater industrialization indicate the need 
for closer cooperation between the two States in order to advance the 
economic development and to improve crossings, transportation, 
terminal and other facilities of the area; and 
Whereas, the financing, construction, operation and maintenance of 
such crossings, transportation, terminal and other facilities of com-
merce and the over-all planning for future economic development of 
the area may be best accomplished for the benefit of the two States 
and their citizens, the region and nation, by the cordial cooperation 
of Delaware and New Jersey by and through a joint or common 
agency or authority;