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97818-1928

CONTENTS

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Index to Instructions of Comptroller_.

REGULATIONS OF FEDERAL RESERVE BOARD

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REGULATION G.-Rediscount of notes secured by adjusted service cer-

tificates

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REGULATION L.-Interlocking bank directorates under the Clayton Act---
Index to Regulations of Federal Reserve Board--

INSTRUCTIONS RELATIVE TO THE ORGANIZATION AND POWERS OF NATIONAL BANKS

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The preliminary proceeding in connection with the organization of a national bank is to write to the Comptroller of the Currency requesting the reservation of the desired title and stating the location and the proposed capital.

The title of the bank should include the word "National," but the law does not permit use of the words "Federal," "United States," or "Reserve" as part of the title.

If the bank desires to exercise trust company powers and to incorporate the word "Trust" in the title, it will be necessary to secure the permission of the Federal Reserve Board to exercise such powers before the title will be approved by the comptroller.

It is the practice to reserve a title for 15 days, during which time it is expected a formal application will be filed.

If the nationalization of a State bank is contemplated, the request should indicate whether the bank is to be converted into a national bank or placed in liquidation and a national bank organized as its successor. If the State bank is to continue in existence and a separate national bank is to be organized, that fact should be stated.

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