Federal Reserve System-Continued
Board of Governors Continued
Collections Continued
Noncash items (notes, acceptances, bankers' acceptances, certificates

of deposit, bills of exchange, drafts, bonds, warrants, etc.), 12 Part

207 Commodity Credit Corporation loans, notes evidencing; discount of, 12

$$ 201.2 (b) (2), 201.3 (i) (2)
Common Trust Funds. See Trust powers of national banks.
Consolidation of national banks or State and national banks; trust powers,

12 $ $ 206.3, 206.4
Construction loans, discount of, 12 $ 201.3 (d)
Cooperative marketing associations, paper of; discount, 12 § 201.3 (f)
Corporations engaged in international or foreign banking. See Foreign

banks and banking.
Credit:
By brokers, dealers, and members of national securities exchanges in

connection with purchase of securities. See Securities, dealers in. Use of credit by member banks (speculative, etc.), determination of

by Federal Reserve bank, 12 & 201.0 (e)
Dealers in securities. See Securities, dealers in.
Deposits, payment of interest on, 12 Part 217
Adjustment of interest on loan as payment of interest on deposit, 12

§ 217.109
Demand deposits, 12 $ 217.2
Maximum rate of interest on time and sayings deposits, 12 $8 217.3,

217.6 Payroll deduction savings plan, not eligible for classification as savings

deposits, 12 $ 217.108
Savings accounts:

Deposits without passbooks, 12 $ 217.111
Passbooks, presentation of, 12 § 217.103
Withdrawal from:

Not evidenced by passbook, 12 $ 217.110

Notice of, 12 $ 217.5
Time deposits:

Alternate maturities, 12 $$ 217.105, 217.107
Interest rate on loan secured by time deposit, 12 $ 217.106
Payment before maturity, 12 § 217.4
Six months equals 180 days, 12 $ 217.104
Transfer of time deposits, 12 $ 217.102
Trust funds, deposit in member bank's own banking department,

12 $ $ 204.102, 217. 101
Directorates, interlocking, of member banks and other institutions, 12 Parts

212, 218
Directors of member banks. See Member banks.
Discounts, for member banks, industrial or commercial businesses, financ-

ing institutions, etc.:
For member banks, 12 Parts 201, 224

Federal intermediate credit banks, 12 $ $ 201.2 (a), 201.5 (c), 201.6
Rates, 12 Part 224

Changes in effective dates, 12 $ 224.7
Dollar exchange, furnishing of, to certain foreign countries; acceptance of

drafts and bills by member banks, 12 $ 203.2
Drafts:

Acceptance by member banks, 12 Part 203
Advances on, 12 Part 201

Rates, 12 Part 224
Collection of, 12 Part 207
Discount of, 12 Part 201

Rates, 12 Part 224
Employees of member banks. See Member banks.
Factors' paper, discount of, 12 $ 201.3 (g)

Federal Reserve System Continued
Board of Governors—Continued
Federal credit unions; assistance to members in purchasing stock of cor-

poration whose subsidiary is employer of credit union's members,

12 $ 220.110 Federal intermediate credit banks; advances on paper acquired from and

discounts, 12 88 201.2 (a), 201.5 (c), 201.6
Federal Reserve Banks:

See also Member banks.
Advances by:

To member banks, 12 Parts 201, 224

Rates for, 12 Part 224
Bills, Treasury:

See also Public debt securities, below.
Purchase of; termination of policy of buying at 38 per cent per

annum, and termination of repurchase option privilege, 12

8 281.1
Capital stock of, issue and cancellation, 12 Part 209
Check clearing and collection, 12 Parts 207, 210
Collection of noncash items, 12 Parts 207, 210
Discounts and discount rates;

Changes in rates; effective dates, 12 8 224.7
For Federal intermediate credit banks, 12 $ $201.2 (a), 201.5 (c),

201.6
For member banks, 12 Parts 201, 224
For industrial or commercial businesses, financial institutions, etc.,

12 Part 224
Fiscal agents of United States, in connection with public debt securi-

ties, etc. See Fiscal agent of United States.
Foreign banks and bankers, relations with, 12 Part 214
Industrial loans by, 12 Part 219
Member banks, regulations respecting. See Member banks.
Open market transactions of; regulations of Federal Open Market

Committee, 12 Part 270
Public debt securities of United States, functions of Banks as fiscal

agents with respect to. See Fiscal agents of United States.
Purchases:
Open market purchases of bills of exchange, trade acceptances,

bankers' acceptances, 12 Part 202, 270
Purchase of warrants issued by municipalities, 12 Part 205
Subpoena of officers, 12 § 261.4
Warrants issued by municipalities:

Collection of, 12 $ 207.1 (e)

Open market purchase of, 12 Part 205
Fiscal agent of United States, functions of Federal Reserve banks as; regu-

lations of Treasury Department respecting:
Banking regulations of 1933 et seq., exclusion of Federal Reserve banks

from scope of, 31 $ 120.7 Checks or warrants drawn against United States funds, payment of,

31 $ 202.25 Deposits for credit to account of Treasurer of United States; collection

and credit, etc., 31 $ $ 202.11-202.14, 203.2, 203.11, 203.18, 203.21,

209.5 Exchange of paper currency and coins, 31 $ $ 100.17, 100.18 Fiscal agent of United States, in connection with issue, payment, etc.,

of United States securities, 31 $$ 306.1, 308.1, 309.7, 309.13, 315.12, 316.10, 321.14, 321.15, 321.18, 322.3, 325.13, 325.14, 325.18, 327.26,

328.2, 330.2, 330.9, 331.29, 334.32, 335.31, 337.7 Foreign exchange, transfers of credit, and export of coin and currency;

reports to Federal Reserve Banks respecting, 31 $ $ 127.4, 128.2 Gold, functions of Banks respecting: Gold coin, bullion and certificates withheld after January 17, 1934;

receipt for account of United States Treasurer, 31 $ 53.1 International balances, acquisitions and dispositions of gold for

settlement of, 31 $ $ 54.28–54.30

Federal Reserve System Continued
Board of Governors—Continued
Fiscal agent of United States, functions of Federal Reserve Banks asCon.

Income tax funds withheld from wages, 31 $ $ 212.10, 213.2, 213.9
Moneys deposited in compromise of claims in favor of United States,

functions respecting, 31 § 240.3
Foreign banks and banking:
Branches of national banks and corporations engaged in international

or foreign banking; suspension of operations during disturbed

conditions, 12 $ 213.1 Corporations authorized to do foreign banking business under section

25 (a), Federal Reserve Act: Branches; suspension of operations during disturbed conditions,

12 $ 213.1 Organization, etc., 12 Part 211 Dollar exchange; acceptance of drafts and bills by member banks to

furnish dollar exchange for certain countries, 12 & 203.2 Loans by member banks to foreign banking institutions for purpose of

purchasing or carrying registered stocks, 12 & 221.2 Relations of Federal Reserve Banks with foreign banks and bankers,

12 Part 214 Forms, list of, 12 § 262.5 (b) Hawaii; designation of Federal Reserve District for purpose of clearing

and collection of checks and noncash items, 12 $8 207.51, 210.51 Holding company affiliates of member banks:

Reports of condition, 12 § 208.9

Voting permits, 12 Part 216
Industrial Advisory Committees in Federal Reserve districts; membership

and functions, 12 $ 219.3
Industrial loans, by Federal Reserve Banks, 12 Part 219
Information, submittals, and requests, 12 Part 261
Insolvent national bank; action of receiver in connection with trusts and

estates, 12 $ 206.15
Interest on deposits, payment of. See Deposits.
Interlocking relationships of directors, officers and employees, with banks,

trust companies, dealers in securities, etc., 12 Parts 212, 218 International Bank for Reconstruction and Development; sale of securities

of, 12 $ 220.108 International banking. See Foreign banks and banking. Liquidation of national banks; action of liquidating agent in connection with

trusts and estates, 12 & 206.15 Loan guarantees for defense production; guarantee of loans financing per

sons under Government contract to deliver services or supplies for

national defense, 32A Chapter XV, Regulation V
Loans:

Executive officers of member banks, loans to, 12 Part 215
Industrial loans, by Federal Reserve Banks, 12 Part 219
Real estate construction loans; discount of, 12 & 201.3 (d)
Securities; loans by banks for purpose of purchasing or carrying regis-

tered stocks, 12 Part 221
Margin requirements in sale of securities:

Credit by brokers, dealers and national securities exchanges, 12 § 220.8
Loans by banks, 12 & 221.4

Regulations under Securities Exchange Act of 1934, 17, § 240.7c2–1
Member banks:

Acceptance of drafts and bills of exchange, 112 Part 203
Advances to, 12 Part 201

Rates, 12 Part 224
Capital stock of Federal Reserve Banks, subscription to, by member

banks, 12 Part 209
Credit, speculative, etc., use of, by member banks; determination by

Federal Reserve Banks respecting, 12 § 201.0 (e)

Federal Reserve System Continued
Board of Governors—Continued
Member banks—Continued
Directors, officers, employees:
Interlocking relationships with banks, trust companies, dealers in

securities, etc.:
Bank directorates, interlocking, under Clayton Act, 12 Part 212

Dealers in securities relations with, 12 Part 218
Loans to executive officers, 12 Part 215
Discounts for, 12 Part 201

Rates, 12 $ $ 224.2, 224.3
Employees. See Directors, officers, employees.
Endorsement of bills of exchange, trade acceptances and bankers' ac-

ceptances prior to purchase by Federal Reserve Banks, 12 Part 202
Foreign banking:
Acceptance of drafts and bills to furnish dollar exchange, for certain

foreign countries, 12 & 203.2 Foreign branches of national banks; suspension of operations dur

ing disturbed conditions, 12 & 213.1 Loans to foreign banking institutions for purpose of purchasing or

carrying registered stocks, 12 & 221.2 Holding company affiliates:

Reports of condition, 12 $ 208.9

Voting permits, 12 Part 216
Interest on deposits, payment of, 12 Part 217
Interlocking relationships of directors, officers and employees, with

banks, trust companies, dealers in securities, etc., 12 Parts 212, 218 Loans by:

For purchasing or carrying registered stocks, 12 Part 221

To executive officers, 12 Part 215
Officers. See Directors, officers, employees.
Real estate construction loans; discount of, 12 $ 201.3 (d)
Reports of condition, 12 8 208.9
Reserves, 12 Part 204
Balances due to or from banks in Territories or insular possessions

of United States, 12 $ 204.101
Classification of reserve cities, 12 88 204.51, 204.52
Securities:

Bealers in; interlocking relationships with, 12 Part 218
Registered stocks; loans for purpose of purchasing or carrying

registered stocks, 12 Part 221
State banks, membership of, 12 Part 208
Trust powers of national banks. See Trust powers of national banks,

below. National banks:

See also Member banks.

Trust powers. See Trust powers of national banks.
National securities exchanges. See Securities, dealers in.
New York Stock Exchange, designation of, for purposes of specialists trans-

actions, 12 $ $ 220.106, 221.102
Nonmember banks:
Advances to, 12 $ 201.5

Rates, 12 $ 224.4
Prohibition upon acceptance of paper of, 12 & 201.5
Notes:
Advances on, 12 Part 201

Rates, 12 Part 224
Collection of, 12 Part 207
Discount of, 12 Part 201

Rates, 12 Part 224
Federal Reserve notes, issue and redemption; regulations of Comptroller

of Currency, 12 & 4.16
Purchase of warrants of municipalities, 12 Part 205
Notes, Treasury. See Public debt securities.

Federal Reserve System Continued
Board of Governors—Continued
Officers:

Of member banks. See Member banks.

Subpoena, of officers of Board or of Federal Reserve Banks, 12 $ 261.4
Open-end investment company:

Loans to purchase shares, 12 $ $ 220.112, 221.107
Servicing of; relations of officers and employees with company, 12

$ 218.101
Open market operations:

See also Federal Open Market Committee, below.
Purchases of acceptances, bills of exchange, etc., by Federal Reserve

Banks, 12 Part 202
Payroll deduction savings plan; not eligible for classification as savings

deposits, 12 $ 217.108
Powers, trust, of national banks. See Trust powers of national banks.
Public debt securities of United States:
Functions of Federal Reserve banks as fiscal agents with respect to;

regulations of Public Debt Bureau, Treasury Department. See

Fiscal agent of United States, above.
Purchase of Treasury bills; termination of policy of buying at 38 per-

cent per annum, and termination of repurchase option privilege,

12 $ 281.1
Security for advances to member banks, 12 & 201.2
Purchases, of acceptances, warrants, etc., by Federal Reserve Banks:
Open market purchases of bills of exchange, trade acceptance, bankers'

acceptances, 12 Part 202
Purchase of warrants of municipalities, 12 Part 205
Real estate construction loans; discount of, 12 & 201.3 (d)
Receivership of national banks; action of receiver in connection with trusts

and estates, 12 § 206.15
Reports of condition of member banks, 12 208.9
Reserve cities, classification of, 12 g 204.51, 204,52
Reserves of member banks, 12 Part 204
Balances due to or from banks in Territories or insular possessions of

United States, 12 & 204.101
Cash collateral accounts, 12 $ 204.104
Classification of reserve cities, 12 $$ 204.51, 204.52
Regulations; computations, deficiencies, requirements, etc., 12 $$ 204.1-

204.5
Savings accounts:

Presentation of passbooks, 12 $ 204.103

Withdrawals not evidenced by passbooks, 12 $ 204.105
Time deposit of trust funds in member bank's own banking department

12 $ 204,102
Rules of practice and procedure, etc.:

Forms, list of, 12 $ 262.5 (b)
Information, submittals, and requests, 12 Part 261
Rules of practice for formal hearings, 12 Part 263
Rules of procedure, 12 Part 262

Subpoena of officers of Board or of Federal Reserve Banks, 12 & 261.4
Savings accounts:

See also Deposits.
Deposits without passbook, 12 $ 217.111
Presentation of savings accounts passbooks, 12 $$ 204.103, 217.103

Withdrawals not evidenced by passbooks, 12 $ $ 204.105, 217.110
Securities, dealers in:
Credit by brokers, dealers, and members of national securities ex-

changes, 12 Part 220
Arrangement for extension of credit:

By bank, 12 $ 220.111
By brokers or dealers, 12 $ 220.109
For purchase of open-end investment company shares, 12

$ 220.112

336035-56

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