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THE

NATIONAL-BANK ACT

AND OTHER

LAWS RELATING TO NATIONAL BANKS

FROM THE

REVISED STATUTES OF THE UNITED STATES

WITH

AMENDMENTS AND ADDITIONAL ACTS.

COMPILED UNDER THE DIRECTION OF THE COMPTROLLER

OF THE CURRENCY.

WASHINGTON:
GOVERNMENT PRINTING OFFICE.

1 889.

17970 NB

E com 4899.2.57

HARVARD COLLEGE 11C1FY

DEPOSITED BY THE LIPRARY OF THE GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

JUN 21 1940

TREASURY DEPARTMENT,

Document No. 1197.
Comptroller of the Currency

LIST OF LAWS

AND

PARTS OF LAWS CONTAINED IN THIS COMPILATION.

ruary 8, 1875

Page. National-bank act, and other laws relating to national banks. Compiled from the Revised Statutes of the United States.....

5 United States notes. ---An act fixing the amount of United States notes, providing

for a redistribution of national-bank currency, and for other purposes. June 20, 1874......

53 Naceration of mutilated notes. —An act making appropriations for sundry civil ex

penses of the Government for the fiscal year ending June thirtieth, eighteen bundred and seventy-five, and for other purposes. June 23, 1874...

57 Specie payments.-An act to provide for the resumption of specie payments. January 14, 1875

57 Circulating notes of national gold banks.-An act to remove the limitation restrict

ing the circulation of banking associations issuing notes payable in gold. January 19, 1875...

58 Tax on bank checks and State-bank and other circulating notes.-An act to amend existing customs and internal-revenue laws, and for other purposes. Feb

59 Errors and omissions in the Revised Statutes of the United States.-An act to correct

errors and to supply omissions in the Revised Statutes of the United States. February 18, 1875......

60, 63 Compensation of bank examiners.-An act to amend section five thousand two

hundred and forty of the Revised Statutes of the United States, in relation to compensation of national-bank examiners. February 19, 1875....

61 Stamps on bank checks.-An act to provide for the stamping of unstamped instruments, documents, or papers. June 23, 1874.....

62 Receirers.--An act authorizing the appointment of receivers of national banks, and for other purposes. June 30, 1876....

63 Semi-annual duty, abatement of, in certain cases. Section 22, act March 1, 1879. Gold banks.-An act authorizing the conversion of. February 14, 1880

67 Returns.-An act defining the verification of returns of national banks. February 26, 1881

67 Corporate cxistence.-An act authorizing extension of, and for other purposes. July 12, 1882

68 Capital and deposits, repealing tax on. Section 1, Act March 3, 1883

74 Insolvent banks, protection of assets by use of trust funds. Act March 29, 1886 . 74 Increase of capital stock, change of name or location. Act May 1, 1886. Central reserve cities, to provide for, etc. Act March 3, 1887

76 Courts, jurisdiction of.--Extracts from act March 3, 1887. Acts not of a gencral nature.-Sundry acts changing the location or name, or both, of various national banks...

79

66

75

.

NATIONAL-BANK ACT

AND OTIIER

L AWS RELATING TO. NATIONAL BANKS.

CHAPTER ONE.

THE COMPTROLLER OF THE CURRENCY.

[The numbers in parentheses refer to the Revised Statutes. ]

Bureau

of ot

tablished.

of office, etc.

1. (SEC. 324.) There shall be in the Department of the

Comptroller Treasury a Bureau charged with the execution of all laws tho Currency ospassed by Congress relating to the issue and regulation of a national currency secured by United States bonds; the chief officer of which Bureau shall be called the Comptroller of the Currency, and shall perform his duties under the general direction of the Secretary of the Treasury.

2. (SEC. 325.) The Comptroller of the Currency shall be comptroller of appointed by the President, on the recommendation of the pointment; term Secretary of the Treasury, by and with the advice and consent of the Senate, and shall hold his office for the term of five years unless sooner removed by the President, upon reasons to be communicated by him to the Senate; and he shall be entitled to a salary of five thousand dollars a year.

3. (SEC. 326.) The Comptroller of the Currency shall, of Cotu piruller. within fifteen days from the time of notice of his appointment, take and subscribe the oath of office; and he shall give to the United States a bond in the penalty of one hundred thousand dollars, with not less than two responsible sureties, to be approved by the Secretary of the Treasury, conditioned for the faithful discharge of the duties of his office. 4. (SEC. 327.) There shall be in the Bureau of the Comp. Doprty Comp

troller ; appointtroller ofthe Currency a Deputy Comptroller of the Currency, ment, duties, etc. to be appointed by the Secretary, who shall be entitled to a salary of two thousand five hundred dollars a year, and who shall possess the power and perform the duties attached by law to the office of Comptroller during a vacancy in the office or during the absence or inability of the Comptroller.

Oath and bond

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