Volume 68
Public Law 83–460
To amend sections 23A and 24A of the Federal Reserve Act, as amended.
Approved June 30, 1954
Statutory text
AN ACT
To amend sections 23A and 24A of the Federal Reserve Act, as amended.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the third paragraph of section 23A of the Federal Reserve Act, as amended (U. S. C., 1952
edition, title 12, sec. 371c), is amended by deleting therefrom the words “on June 16, 1934,” and substituting in lieu thereof the word “solely”; and by deleting therefrom the words “or in maintaining and operating properties acquired for banking purposes prior to such date”.
Sec. 2.
Section 24A of the Federal Reserve Act, as amended
(U. S. C., 1952 edition, title 12, sec. 371d), is amended by inserting after the words “investments and loans” a comma and the words “together with the amount of any indebtedness incurred by any such corporation which is an affiliate of the bank, as defined in section 2 of
the Banking Act of 1933, as amended,”.
Approved June 30, 1954.