Chapter 60. To amend the last paragraph of section 10 of the Federal Reserve Act as amended by the Act of June 3, 1922
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/statutes-at-large/vol-42/chapter-60-5084104·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 60.— An Act To amend the last paragraph of section 10 of the Federal Reserve Act as amended by the Act of June 3, 1922. February 6, 1923.[[S. 4390](/us/bill/67/s/4390).][[Public, No. 405](/us/67/pl/405).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the lastFederal reserve banks.*Ante*, p. 622, amended. paragraph of section 10 of the Federal Reserve Act as amended by the Act of June 3, 1922, is amended to read as follows:
" “No Federal reserve bank shall have authority hereafter to enterLimit on cost of buildings for branch banks into any contract or contracts for the erection of any branch bank building of any kind or character, or to authorize the erection of any such building, if the cost of the building proper, exclusive ofVaults, etc., not included. the cost of the vaults, permanent equipment, furnishings, and fixtures, is in excess of $250,000: *Provided*, That nothing herein shall*Proviso*.Exception. apply to any building under construction prior to June 3, 1922.
” " Approved, February 6, 1923.