Public Law 5. to provide relief in the existing national emergency in banking, and for other purposes,” approved March 9, 1933, is amended by adding at the end thereof the following new section: " “Sec. 404
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(/us/pl/73/4).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,National banking system.*Ante*, p. 7. That Title IV of the Act entitled “An Act to provide relief in the existing national emergency in banking, and for other purposes,” approved March 9, 1933, is amended by adding at the end thereof the following new section: " “Sec. 404. Direct loans to State banks and trust companies authorized. During the existing emergency in banking, or until this section shall be declared no longer operative by proclamation of the President, but in no event beyond the period of one year from the date this section takes effect, any State bank or trust company not a member of the Federal reserve system may apply to the Federal reserve bank in the district in which it is located and 21said Federal reserve bank, in its discretion and after inspection and approval of the collateral and a thorough examination of the applying bank or trust company, may make direct loans to suchTerms.Vol. 47, p. 56.*Ante*, p. 7.
State bank or trust company under the terms provided in section 10
(b)of the Federal Reserve Act, as amended by section 402 of this Act: *Provided*, That loans may be made to any applying*Provisos*.Security. nonmember State bank or trust company upon eligible security. All applications for such loans shall be accompanied by the writtenApproval of applications by State. approval of the State banking department or commission of the State from which the State bank or trust company has received its charter and a statement from the said State banking department or commission that in its judgment said State bank or trust company is in a sound condition. The notes representing such loans shall beNotes to have circulating privilege. eligible as security for circulating notes issued under the provisions of the sixth paragraph of section 18 of the Federal Reserve Act, asVol. 38, p. 269.*Ante*, p. 6. amended by section 401 of this Act, to the same extent as notes, drafts, bills of exchange, or bankers’ acceptances acquired under the provisions of the Federal Reserve Act. During the time thatApplicability of Federal Reserve Act, etc. such bank or trust company is indebted in any way to a Federal Reserve bank it shall be required to comply in all respects to the provisions of the Federal Reserve Act applicable to member State banks and the regulations of the Federal Reserve Board issued thereunder: *Provided*, That in lieu of subscribing to stock in theMaintenance of requisite reserve in lieu of stock subscription.Vol. 38, p. 270.*Ante*, p. 6. Federal reserve bank it shall maintain the reserve balance required by section 19 of the Federal Reserve Act during the existence of such indebtedness. As used in this section and in section 304, the term ‘State bank or trust company’ shall include a bank or trust company organized under the laws of any State, Territory, or possession of the United States, or the Canal Zone.” " Sec. 2.
(a)Section 304 of such Act of March 9, 1933, is amendedReconstruction Finance Corporation.May not hold preferred stock unless exempt from double liability.*Ante*, p. 6. by adding after the first sentence thereof the following new sentences: “Nothing in this section shall be construed to authorize the Reconstruction Finance Corporation to subscribe for preferred stock in any State bank or trust company if under the laws of the State in which said State bank or trust company is located the holders of such preferred stock are not exempt from double liability. In anyCapital notes, etc., in lieu of preferred stock. case in which under the laws of the State in which it is located a State bank or trust company is not permitted to issue preferred stock exempt from double liability, or if such laws permit such issue of preferred stock only by unanimous consent of stockholders, the Reconstruction Finance Corporation is authorized, for the purposes of this section, to purchase the legally issued capital notes or debentures of such State bank or trust company.”
(b)The second sentence of said section 304 is amended to read asSale of, permitted.*Ante*, p. 6. follows: “The Reconstruction Finance Corporation may, with the approval of the Secretary of the Treasury, and under such rules and regulations as he may prescribe, sell in the open market the whole or any part of the preferred stock, capital notes, or debentures of any national banking association, State bank or trust company acquired by the corporation pursuant to this section.” Such section 304 is further amended by adding at the end thereof“State bank or trust company” defined.*Ante*, p. 6. the following new sentence:
(c)“As used in this section, the term ‘ State bank or trust company ’ shall include other banking corporations engaged in the business of industrial banking and under the supervision of State banking departments or of the Comptroller of the Currency.” Approved, March 24, 1933. To provide for the acceptance of sums donated for the construction of a swimming exercise tank for the use of the President. Chapter 16 48 Stat. 22 1933-03-30 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2024-12-11 73 1 public 22 [CHAPTER 16.] JOINT RESOLUTION To provide for the acceptance of sums donated for the construction of a swimming exercise tank for the use of the President.March 30, 1933.[[H.J. Res. 121](/us/bill/73/hjres/121).][[Pub. Res., No. 3](/us/bill/73/pubres/3).] Resolved by the Senate and House of Representatives of the United States of America in Congress assembled,White House swimming tank.Acceptance of donations for constructing, authorized. That the Director of Public Buildings and Public Parks of the National Capital is authorized, on behalf of the United States, to accept the fund raised by donations or contributions to cover the cost of constructing, in the West Terrace of the White House, a swimming exercise tank for the use of the President. Sec. 2. Disbursement. The amount so received shall be disbursed by the Director for the construction and equipment of such swimming exercise tank and shall be expended in the same manner as appropriations for the Unexpended balance to be returned to donors.maintenance and care of the White House. The amount of the fund in excess of the amount required for the construction and equipment of the swimming exercise tank shall be returned to the donors. Sec. 3. Technical, etc., services. For the purposes of this resolution, the Director is authorized. to request the cooperation and assistance of the architectural, engineering, construction, or other forces of any department or agency of the Government. Approved, March 30, 1933. For the relief of unemployment through the performance of useful public work, and for other purposes. Chapter 17 48 Stat. 22 1933-03-31 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2024-12-11 73 1 public [CHAPTER 17.] AN ACT For the relief of unemployment through the performance of useful public work, and for other purposes.March 31, 1933.[[S. 598](/us/bill/73/s/598).][[Public, No. 5](/us/pl/73/5).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Relief of unemployment through performance of useful public works.*Post*, p. 275. That for the purpose of relieving the acute condition of widespread distress and unemployment now existing in the United States, and in order to provide for the restoration of the country’s depleted natural resources and Selection of a conservation corps among unemployed.Executive Order No. 6101, Apr. 5, 1933.the advancement of an orderly program of useful public works, the President is authorized, under such rules and regulations as he may prescribe and by utilizing such existing departments or agencies as he may designate, to provide for employing citizens of the To perform works of public nature.United States who are unemployed, in the construction, maintenance and carrying on of works of a public nature in connection with the forestation of lands belonging to the United States or to the several States which are suitable for timber production, the prevention of forest fires, floods and soil erosion, plant pest and *Post*, p. 955.disease control, the construction, maintenance or repair of paths, trails and fire-lanes in the national parks and national forests, and such other work on the public domain, national and State, and Government reservations incidental to or necessary in connection with any projects of the character enumerated, as the President may *Proviso*.Discretionary cooperation with municipalities, etc.determine to be desirable: *Provided*, That the President may in his discretion extend the provisions of this Act to lands owned by counties and municipalities and lands in private ownership, but only for the purpose of doing thereon such kinds of cooperative work as are now provided for by Acts of Congress in preventing and controlling forest fires and the attacks of forest tree pests and diseases and such work as is necessary in the public interest to control floods. Housing, subsistence, etc.The President is further authorized, by regulation, to provide for housing the persons so employed and for furnishing them with such subsistence, clothing, medical attendance and hospitalization, and 23cash allowance, as may be necessary, during the period they are soCash allowance.Executive Order No. 6109, Apr. 12, 1933. employed, and, in his discretion, to provide for the transportation of such persons to and from the places of employment. That inRacial, etc., discrimination forbidden. employing citizens for the purposes of this Act no discrimination shall be made on account of race, color, or creed; and no personPenal servitude. under conviction for crime and serving sentence therefor shall be employed under the provisions of this Act. The President is furtherForest research, etc.Allocation of funds. authorized to allocate funds available for the purposes of this Act, for forest research, including forest products investigations, by the Forest Products Laboratory. Sec. 2. For the purpose of carrying out the provisions of this ActContracts with State agencies. the President is authorized to enter into such contracts or agreements with States as may be necessary, including provisions for utilization of existing State administrative agencies, and the President, or the head of any department or agency authorized by him to constructAcquiring real property.[R.S. sec. 355, p. 60, waived](/us/rs/s355/p60).[U.S.C., pp. 1302, 1700](/us/usc/pp1302/1700). any project or to carry on any such public works, shall be authorized to acquire real property by purchase, donation, condemnation, or otherwise, but the provisions of section 355 of the Revised Statutes shall not apply to any property so acquired. Sec. 3. Insofar as applicable, the benefits of the Act entitled “AnWorkmen’s Compensation Act extended.Vol. 39, p. 742.[U.S.C., p. 76; Supp. VI, p. 46](/us/usc/p76). Act to provide compensation for employees of the United States suffering injuries while in the performance of their duties, and for other purposes”, approved September 7, 1916, as amended, shall extend to persons given employment under the provisions of this Act. Sec. 4. For the purpose of carrying out the provisions of thisSums available. Act, there is hereby authorized to be expended, under the direction of the President, out of any unobligated moneys heretofore appropriated for public works (except for projects on which actual construction has been commenced or may be commenced within ninety days, and except maintenance funds for river and harbor improvementsAppropriation authorized.*Post*, pp. 275, 1056. already allocated), such sums as may be necessary; and an amount equal to the amount so expended is hereby authorized to be appropriated for the same purposes for which such moneys were originally appropriated. Sec. 5. That the unexpended and unallotted balance of the sumEmergency Relief Act of 1932.Balance, made available.Vol. 47, p. 709.Economy Act limitation not to apply.*Ante*, p. 14. of $300,000,000 made available under the terms and conditions of the Act approved July 21, 1932, entitled “An Act to relieve destitution”, and so forth, may be made available, or any portion thereof, to any State or Territory or States or Territories without regard to the limitation of 15 per centum or other limitations as to per centum. Sec. 6. The authority of the President under this Act shall continueDuration of authority. for the period of two years next after the date of the passage hereof and no longer. Approved, March 31, 1933. Relating to the prescribing of medicinal liquors. Chapter 18 48 Stat. 23 1933-03-31 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2024-12-11 73 1 public [CHAPTER 18.] AN ACT Relating to the prescribing of medicinal liquors.March 31, 1933.[[S. 562](/us/bill/73/s/562).][
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- EO 6101
- EO 6109
- 48 Stat. 23
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Public Law 5
to provide relief in the existing national emergency in banking, and for other purposes,” approved March 9, 1933, is amended by adding at the end thereof the following new section: " “Sec. 404
Exec. Ord.EO 6101
Exec. Ord.EO 6109
Stat.48 Stat. 23
Cites 4Cited by 0 across 0 sources