Banking Contributions for Charitable Purposes: Hearing Before ..., 75-3 on S. 4022 ..., May 18, 1938 |
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Act in regard amend the Federal authority BANK CONTRIBUTIONS bank to give Banking and Currency banking institutions BILL TO AMEND Board of Governors BURKE Catholic CHAIRMAN charitable contributions CHARITABLE PURPOSES Committee on Banking Comptroller Congress CONTRIBUTIONS FOR CHARITABLE Crowley D. C. MY DEAR Dakota deem directors or trustees employee enacted executive session Federal Reserve Act Federal Reserve banks Federal Reserve Board Federal Reserve System FEDERATION OF JEWISH FRAZIER Greater New York individual gifts institutions are permitted instrumentalities JEWISH CHARITIES law to contribute legislation MALONEY member bank national banks philanthropic private welfare Protestant purposes such sum question RADCLIFFE RALPH SAMUEL Red Cross reference regard to charitable REPRESENTING THE FEDERATION request ROBERT F Senator GLASS Senator HITCHCOCK Senator MCADOO Senator SMATHERS Senator TOWNSEND solicitation of funds solicitation of money STANFORD UNIVERSITY LIBRARIES stockholders tion TREASURY DEPARTMENT tribute United States Senate WAGNER Washington welfare and health York Fund
Popular passages
Page 10 - ... To Improve the facilities of the Federal reserve system for the service of commerce, Industry, and agriculture, to provide means for meeting the needs of member banks in exceptional circumstances, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Federal Reserve Act, as amended, is further amended by inserting, between sections 10 and 11 thereof, a new section reading as follows: "SEC. 10. (a) Upon...
Page 10 - ... funds or of charitable, philanthropic or benevolent instrumentalities conducive to public welfare, and its directors or trustees may appropriate and expend for such purposes such sum or sums as they may deem expedient and as, in their judgment, will contribute to the protection of the corporate interests, provided that whenever the expenditures for such purposes in any calendar year shall in the aggregate amount to one per centum on the capital stock outstanding, then, before any further expenditure...