Public Law 72–220

That with the approval of the Secretary of the Treasury, the Comptroller of the Currency, whenever he is of the opinion that such action is necessary for the protection of the interests of the depositors and other creditors of any incorporated bank and/or trust company doing business in the District of Columbia and that such action is in the public interest, is hereby authorized and empowered to prescribe such rules and regulations as he deems advisable governing the receipt and with

Effect.

drawal of deposits by and from any such bank and trust company, which rules and regulations shall be binding upon said banks and trust companies.

Legality.

That it shall be lawful for any incorporated bank and trust company in said District to comply with such rules and regulations promulgated by the Comptroller of the Currency.

Powers not impaired.

Nothing herein shall be construed to impair any power otherwise possessed by the Comptroller of the Currency, the Secretary of the Treasury, or the Federal Reserve Board.

Duration.

That all powers herein conferred shall terminate six months from the approval of this Joint Resolution by the President of the United States, but he may extend the force of the provisions hereof by proclamation for an additional six months.

This Resolution is hereby declared to be an emergency law necessary

Emergency declared.

for the immediate preservation of the public peace, health, and safety.