An Act to amend the Merchant Marine Act, 1936, with respect to the development of cargo container vessels, and for other purposes
PL 90-268 (S.2419), enacted 03/16/1968

82 STAT. ] 
PUBLIC LAW 90-268-MAR. 16, 1968 
49 
which, in the judgment of the Board of Directors of the Bank, are less 
developed." 
(c) By changing in section 2(c) of that Act, "$2,000,000,000" to read 7/513^128^''' 
"$3,500,000,000". 
1
2 use 635. 
(d) By changing the last sentence in section 3(d) of that Act to trfveT^x"en"es' 
read: "Members, not otherwise in the regular full-time employ of the '^eastauTvT.^' 
United States, may be compensated at rates not exceeding the per diem 
12 use essa. 
equivalent of the rate for grade 18 of the General Schedule (5 U.S.C. 
5332) for each day spent in travel or attendance at meetings of the 
Committee, and while so serving away from their homes or regular 
places of business, they may be allowed travel expenses, including per 
diem in lieu of subsistence, as authorized by section 5703 of title 5, 
United States Code, for individuals in the Grovemment service 
^° ^*^*' '*^-*' 
employed intermittently." 
(e) By changing, in section 7 of that Act, "$9,000,000,000" to read 
^2 use ease. 
"$13,500,000,000". 
(f) By changing, in section 8 of that Act, "June 30, 1968" to read 
^^ use easf. 
"June 30,1973". 
Approved March 13, 1968. 
Public Law 90-268 
AN ACT 
March 16, 1968 
To amend the Merchant Marine Act, 1936, with respect to the development of 
^^- 2419] 
cargo container vessels, and for other purposes. 
Be it enacted by the Senate and Hoicse of Representatives 
of the 
United States of America in Congress assetnJiled, That sectLon 212 of . "^^'"fo^T' Marine 
the Merchant Marine Act, 1936 (46 U.S.C. 1122) is amended by (1) mem 
""'" " 
striking out "and" at the end of clause (d), (2) striking out the period 
"
^
^ stat. 1990. 
at the end of clause (e) and inserting in lieu thereof a semicolon and 
"and", (3) redesignating clause (f) as clause (g), and (4) inserting 
before such clause a new clause as follows: 
"(f) To study means and methods of encouraging the development 
and implementation of new concepts for the carriage of cargo in the 
domestic and foreign commerce of the United States, and to study the 
economic and technological aspects of the use of cargo containers as a 
method of carrying out the declaration of policy set forth in title I of 
this Act, and in carrying out the provisions of this clause and such 
policy the United States shall not give preference as between carriers 
upon the basis of length, height, or width of cargo containers or length, 
height, or width of cargo container cells and this requirement shall be 
applicable to all existing container vessels and any container vessel to 
be constructed or rebuilt." 
SEC. 2. Section 303(a) of the Act of June 30, 1949 (41 U.S.C. 253 
(a)), as amended, is amended by adding a new sentence as follows: 
" ^t^V/^^' 
"No advertisement or invitation to bid for the carriage of Government 
property in other than Government-owned cargo containers shall 
specify carriage of such property in cargo containers of any stated 
length, height, or width." 
SEC. 3. Section 2305(a) of title 10 of the United States Code is 
7OA stat. 130. 
amended by adding a new sentence as follows: 'TCxcept in a case where 
the Secretary of Defense determines that military requirements neces-
sitate specification of container sizes, no advertisement or invitation to 
bid for the carriage of Government property in other than Govern-
ment-owned cargo containers shall speciiy carriage of such property 
in cargo containers of any stated length, height, or width." 
50 
PUBLIC LAW 90-269-MAR. 18, 1968 
[82 STAT. 
63 Stat. 393. 
70A Stat. 12{ 
76 Stat. 528. 
SEC. 4. Section 302 of the Act of June 30, 194» (41 U.S.C. 252), is 
amended by adding thereto the following subsection: 
"(f) No contract for the carriage of Government property in other 
than Government-owned cargo containers shall require carriage of such 
property in cargo containers of any stated length, height, or width." 
SEC. 5. Section 2304 of title 10 of the United States Code is amended 
by adding thereto the following subsection: 
"(h) Except in a case where the Secretary of Defense determines 
that military requirements necessitate specification of container sizes, 
no contract for the carriage of Government property in other than 
Government-owned cargo containers shall require carriage of such 
property in cargo containers of any stated length, height, or width." 
Approved March 16, 1968. 
March 18, 1968 
[H.R. 14743] 
Public Law 90-269 
AN ACT 
To eliminate the reserve requirements for Federal Reserve notes: and for United 
States notes and Treasury notes of 1890. 
Gold reserve re-
quirements. 
Elimination. 
59 Stat. 237. 
38 Stat. 265. 
40 Stat. 236. 
Repeal. 
Repeal. 
Repeal. 
Repeal. 
48 Stat. 340. 
48 Stat. 340. 
Repeals. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of Ame'Hca in Congress assembled^ 
SECTION 1. Subsection (c) of section 11 of the Federal Reserve Act 
(12 U.S.C. 248(c)) is amended by striking both provisos, and by strik-
ing the last sentence, in such subsection. 
SEC. 2. The first sentence of section 15 of the Federal Reserve Kct 
(12 U.S.C. 391) is amended by striking "and the funds provided in 
this Act for the redemption of Federal Reserve notes". 
SEC. 3. That part of the third paragraph of section 16 of the Federal 
Reserve Act (12 U.S.C. 413) which precedes the last two sentences of 
such paragraph is amended to read: "Federal Reserve notes shall bear 
upon their faces a distinctive letter and serial number which shall be 
assigned by the Board of Governors of the Federal Reserve System 
to each Federal Reserve bank." 
SEC. 4. (a) The first sentence of the fourth paragraph of section 16 
of the Federal Reserve Act (12 U.S.C. 414) is repealed. 
(b) The sentence which, prior to the repeal made by this section, 
was the second sentence of such paragraph is amended by inserting 
immediately after "The Board" the following: "of Governors of the 
Federal Reserve System". 
SEC. 5. The sixth paragraph of section 16 of the Federal Reserve Act 
(12 U.S.C. 415) is repealed. 
SEC. 6. The fourth sentence of the paragraph which, prior to the 
aihendments made by this Act, was the seventh paragraph of section 16 
of the Federal Reserve Act (12 U.S.C. 416) is repealed. 
SEC. 7. The paragraph which, prior to the amendments made by this 
Act, was the eighteenth paragraph of section 16 of the Federal Reserve 
Act (12U.S.C.467) is repealed. 
SEC. 8. Section 6 of the Gold Reserve Act of 1934 (31 U.S.C. 408a) 
is amended by striking in the second proviso the phrases "the reserve 
for United States notes and for Treasury notes of 1890, and" and ", and 
the reserve for Federal Reserve notes shall be maintained in gold cer-
tificates, or in credits payable in gold certificates maintained with the 
Treasurer of the United States under section 16 of the Federal Reserve 
Act, as heretofore and by this Act amended". 
SEC. 9. There are hereby repealed the sentence? of subsection (a) 
of section 43 of the Act of May 12, 1933 (48 Stat. 31, 52; 31 U.S.C. 
821(a)), which read: "No suspension of reserve requirements of the