State Banks as Members of System | Midpage

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United States Code

Subchapter VIII

State Banks as Members of System

321Application for membership 322Determination on application 323Stock in Federal reserve banks; method of payment 324Laws applicable on becoming members 325Examinations 326Acceptance of examinations and reports by State authorities; special examinations 327Surrender of stock and cancellation of memberships 328Withdrawals from membership 329Capital stock required as condition precedent to membership 329aOmitted 330Laws applicable on becoming members; discounts for State banks 331Certifying checks on State banks admitted as members 332Depositaries of public money; financial agents; security required 333Mutual savings banks; application and admission to membership in Federal Reserve System 334Reports from affiliates; penalty for failure to furnish 335Dealing in investment securities; limitations and conditions 336Certificates of stock; representation of stock of other corporations 338Examination of affiliates; forfeiture of membership on refusal of affiliate to give information or pay expense 338aInvestments to promote public welfare and community development; limitation on investments 339Participation by State member banks in lotteries and related activities 339aResolution of clearing banks