July 11, 1862. Mar. 3, 1863. Mar. 3, 1863. United States notes legal tender except for duties on imports United States notes legal tender except for duties on imports United States notes legal tender except for duties on imports Interest-bearing notes legal tender to same extent as United June 30, 1864. Interest-bearing notes legal tender to same extent as United Feb. 12, 1873. Feb. 12, 1873. Feb. 28, 1878. June 9, 1879. July 12, 1882. States notes... Gold coins of United States legal tender. Minor coins of United States legal tender to amount of twenty- Standard silver dollars legal tender.. Subsidiary silver coins legal tender to amount not exceeding ten Gold certificates, for what receivable. Mar. 4, 1907. Amending national-bank act. Feb. 25, 1863. Counterfeiting national-bank notes.. June 30, 1864. Feb. 5, 1867. June 30, 1876. Forging or counterfeiting United States securities. Penalty for taking unauthorized impression of tools having Aug. 5, 1909. Excise tax on corporations.. Aug. Mar. Mar. 5, 1909. Panama Canal bonds, issue of, authorized at 3 per cent.. 2, 1911. Mar. 2, 1911. Apr. 12, 1900. Issue of gold certificates on deposit of foreign coin or bullion... SPECIAL ACTS RELATING TO NATIONAL BANKS. National banking laws extended to Porto Rico... Apr. 30, 1900. National banking laws extended to Hawaii.. May 2, 1900. National banking laws extended to Indian Territory. May 2, 1900. Qualification of directors in Oklahoma.. Fifty-seven acts changing the location or name, or both, of various national banks...... ACTS RELATING TO SAVINGS BANKS, BUILDING ASSOCIATIONS, AND TRUST COM- June 17, 1870. June 20, 1873. May 5, 1870. Organization of savings banks and other corporations. 119-124 118 127 June 30, 1876. Savings banks organized under acts of Congress to make reports 126 Oct. 1, 1890. Organization of trust, loan, and mortgage companies in the All savings banks, trust companies, or other banking institutions 4, 1909. Building associations in District of Columbia, placed under 126 124, 125 THE NATIONAL BANK ACT AND ACTS AMENDATORY THEREOF AND SUPPLEMENTARY THERETO.. 1864, c. 106, 1. Sec. 324.-There shall be in the Department of the Act June 3, Treasury a Bureau charged with the execution of all sec. 1; 13 laws passed by Congress relating to the issue and regu- Stat. L., '99. lation of a national currency secured by United States bonds, the chief officer of which Bureau shall be called the Comptroller of the Currency, and shall perform his duties under the general direction of the Secretary of the Treasury. COMPTROLLER OF THE CURRENCY. 1864, c. 106, Stat. L., 99. 130, sec. 2; 18 2. Sec. 325.-The Comptroller of the Currency shall be Act June 3, appointed by the President, on the recommendation of sec. 1; 13 the Secretary of the Treasury, by and with the advice Act March 3, and consent of the Senate, and shall hold his office for 1875, c.. the term of five years, unless sooner removed by the Stat. L., '398. President, upon reasons to be communicated by him to the Senate; and he shall be entitled to a salary of five thousand dollars a year. QUALIFICATION OF COMPTROLLER OF THE CURRENCY. Act June 3, 1; 13 3. Sec. 326. The Comptroller of the Currency shall, 1864, c. 108, within fifteen days from the time of notice of his ap- sec. pointment, take and subscribe the oath of office; and he Stat. L., 99. shall give to the United States a bond in the penalty of one hundred thousand dollars, with not less than two responsible sureties, to be approved by the Secretary of the Treasury, conditioned for the faithful discharge of the duties of his office. DEPUTY COMPTROLLER OF THE CURRENCY. Act June 3, 4. Sec. 327.-There shall be in the Bureau of the Comp1864.c. 106, sec, 1; 13 troller of the Currency a Deputy Comptroller of the Stat. L., 99. Currency, to be appointed by the Secretary, who shall be entitled to a salary of two thousand five hundred dollars a year and who shall possess the power and perform the duties attached by law to the office of Comptroller during a vacancy in the office or during the absence or inability of the Comptroller. The Deputy Comptroller shall also take the oath of office prescribed by the Constitution and laws of the United States, and shall give a like bond in the penalty of fifty thousand dollars. Legislative, executive, and NOTE. The salary of the Deputy Comptroller has been fixed at various amounts by different appropriation bills, as follows: Act March 3, 1875 (sundry civil bill), 18 Stat. L., 396, $3,000; act March 3, 1901, 31 Stat. L., 978, $2,800; act March 18, 1904, 33 Stat. L., 103, $3,000; act February 3, 1905, 33 Stat. L., 649, and all subsequent acts, $3,500. ADDITIONAL DEPUTY COMPTROLLER OF THE CURRENCY. 5. * * * Deputy Comptroller, three thousand five judicial ap-hundred dollars; Deputy Comptroller, three thousand propriation act, dollars. approved May 22, 1908. 1864, C. 106, sec. 1; 66 NOTE.-The Attorney General of the United States, in an opinion rendered June 19, 1908, said: Generally speaking, a deputy has power to do every act which his principal may do and is not restricted to some particulars of his office. (Throop on Public Officers, sec. 583; Mechem's Public Officers, sec. 570; Erwin v. U. S., 37 Fed. Rep. 470.) Doubtless it was on account of this general rule, and with the intention that there should be no restriction, that Congress did not deem it necessary to prescribe specifically the duties of the additional Deputy Comptroller. There being no limitation or restriction upon the power of that officer, my opinion is that he would have the same authority as that conferred by statute upon the first deputy. CLERKS. Act June 3, 6. Sec. 328.-The Comptroller of the Currency shall 13 employ, from time to time, the necessary clerks, to be Stat. L., 100. appointed and classified by the Secretary of the Treasury, to discharge such duties as the Comptroller shall direct. 1864, C. 106, sec. 1; INTEREST IN NATIONAL BANKS PROHIBITED. Act June 3, 7. Sec. 329. It shall not be lawful for the Comptroller 13 or the Deputy Comptroller of the Currency, either diStat. L., 99. rectly or indirectly, to be interested in any association issuing national currency under the laws of the United States. SEAL OF COMPTROLLER OF THE CURRENCY. 1864, c. 106, Act. Feb. 18, 8. Sec. 330 [as amended 1875].-The seal devised by the Act June 8, Comptroller of the Currency for his office, and approved sec. 2; 13 by the Secretary of the Treasury, shall continue to be Stat. L., 100. the seal of office of the Comptroller, and may be renewed 1875, c. 80; 18 when necessary. A description of the seal, with an im- Stat. L, 317. pression thereof, and a certificate of approval by the Secretary of the Treasury, shall be filed in the office of the Secretary of State. ROOMS, VAULTS, AND FURNITURE FOR CURRENCY BUREAU. 1864, c. 106, 9. Sec. 331.-There shall be assigned, from time to time, Act June 3, to the Comptroller of the Currency, by the Secretary of sec. 3; 13 the Treasury, suitable rooms in the Treasury building for Stat. L., 100. conducting the business of the Currency Bureau, containing safe and secure fireproof vaults, in which the Comptroller shall deposit and safely keep all the plates not necessarily in the possession of engravers or printers, and other valuable things belonging to his department; and the Comptroller shall from time to time furnish the necessary furniture, stationery, fuel, lights, and other proper conveniences for the transaction of the business of his office. 10. Sec. 332. Refers entirely to banks other than national in the District of Columbia and is incorporated in section 714 of the Code of the District of Columbia and has been repeatedly amended. See said section 714, page 113, post. REPORT OF COMPTROLLER. 11. Sec. 333 [as amended 1875].-The Comptroller of the Currency shall make an annual report to Congress, at the commencement of its session, exhibiting Act June 3, 117. 17 Stat. L., First. A summary of the state and condition of every 1864, sec. 61; association from which reports have been received the 13 Stat. L., preceding year, at the several dates to which such reports et Feb. 19, refer, with an abstract of the whole amount of banking 1873, sec. 1: capital returned by them, of the whole amount of their 466. debts and liabilities, the amount of circulating notes out- 1875, c. Act Feb. 18, standing, and the total amount of means and resources, 18 Stat. L.., specifying the amount of lawful money held by them at the times of their several returns, and such other information in relation to such associations as in his judgment may be useful. Second. A statement of the associations whose business has been closed during the year, with the amount of their circulation redeemed and the amount outstanding. Third. Any amendment to the laws relative to banking by which the system may be improved and the security of the holders of its notes and other creditors may be increased. Fourth. A statement exhibiting under appropriate heads the resources and liabilities and condition of the 317. C. 80; |