...regional bank the agricultural interests must be represented ? Mr. HARDING. Three members of each board must, at the time of their election, " be actively...commerce, agriculture, or some other industrial pursuit." Senator SHORTRIDGE. What do your figures show with respect to the Pacific coast ? Mr. HARDING. San...

...bank the agricultural interests must bo represented < Mr. HARDING. Three members of each board nuist, at the time of their election, "be actively engaged...commerce, agriculture, or some other industrial pursuit." Senator SHORTRIDGE. What do your figures show with respect to the Pacific coast ? Mr. HARDING. San...

...or bank officers; presidents of banks, if you please. Class B directors must, at the time of then- election, be actively engaged in their district in...act as amended does away with the original section of the act which provided for numerical equality in those groups and provides that each group " shall...

...be bank stockholders, bank directors, 01 bank officers; presidents of banks, if you please. Class В directors must, at the time of their election, be...banks are divided by law into three groups. The act as aniended does away with the original section of the act which provided for numerical equality in those...

...they are practically always bankers— and that the other three, known as Class B directors, should at the time of their election be "actively engaged...commerce, agriculture, or some other industrial pursuit." Here is the recognition of the interest of the nonbanking business community in the banking operations...

...stock-holding banks. Class B shall consist of three members, who at the time of their election shall be actively engaged in their district in commerce, agriculture or some other industrial pursuit. Class C shall consist of three members who shall be designated by the Federal Reserve Board. When the...

...stock-holding banks. Class B shall consist of three members, who at the time of their election shall be actively engaged in their district in commerce, agriculture or some other industrial pursuit. Class C shall consist of three members who shall be designated by the Federal Reserve Board. When the...

...banks. 33. B Directors. Class B shall consist of three members, who at the time of their election shall be actively engaged in their district in commerce, agriculture or some other industrial pursuit. 34. C Directors designated Class C shall consist of three members by Federal Reserve Board, who shall...

...three called class A directors to represent the stockholding banks, three called class B directors to be " actively engaged in their district in commerce, agriculture, or some other industrial pursuits." In order to elect directors, each of the banks is divided into three groups of as nearly...

...member banks. Directors of Class A represent the member banks; directors of Class B must at the time of election "be actively engaged in their " district in commerce, agriculture, or some othBT-tnaustrial pursuit"" They may not be officers, directors, or employees of any bank, though they...