and not less than 90 days after the date of deposit or which is originally or becomes payable upon written notice of less than 6 months and not less than 90 days, except that an insured nonmember bank may pay interest on such deposits in accordance with the terms of any certificate of deposit or other contract which was entered into before February 1, 1936, (or, if the bank becomes an insured nonmember bank thereafter, before the date upon which it becomes an insured nonmember bank) which was in force on such date and which may not legally be terminated or modified by such bank at its option and without liability. (c) Maximum rate of 1 percent. No insured nonmember bank shall pay interest accruing after February 1, 1936, at a rate in excess of 1 percent per annum, compounded quarterly, regardless of the basis upon which such interest may be computed, On any time deposit (except Postal Savings deposits which constitute time deposits) having a maturity date less than ninety days after the date of deposit or which is originally or becomes payable upon written notice of less than 90 days, except that an insured nonmember bank may pay interest on such deposits in accordance with the terms of any certificate of deposit or other contract which was entered into before February 1, 1936, (or, if the bank becomes an insured nonmember bank thereafter, before the date upon which it becomes an insured nonmember bank) which was in force on such date and which may not legally be terminated or modified by such bank at its option and without liability. (d) Discontinuance of payments on outstanding certificates of indefinite maturities. Banks which on January 23, 1936, have outstanding certificates of indefinite maturities representing deposit liabilities drawing interest as savings deposits must within one year from February 1, 1936 discontinue to pay thereon the rate applicable hereunder to savings deposits unless meanwhile the same be converted into savings deposits as defined in this part. [Supp. to Reg. IV, Dec. 21, 1935] PART 305-RECOGNITION OF DEPOSIT OWNERSHIP NOT ON BANK RECORDS Sec. Sec. 305.1 Deposits evidenced by negotiable 305.2 Deposit obligations for payment instruments. of items forwarded for collection by bank acting as agent. Section 305.1 Deposits evidenced by negotiable instruments. If any insured deposit obligation of a bank be evidenced by a negotiable certificate of deposit, negotiable draft, negotiable cashier's or officer's check, negotiable certified check or negotiable traveler's check or letter of credit, the owner of such deposit obligation will be recognized for all purposes of claim for insured deposits to the same extent as if his name and interest were disclosed on the records of the bank provided the instrument was in fact negotiated to such owner prior to the date of the closing of the bank. Affirmative proof of such negotiation must be offered in all cases to substantiate the claim. *For statutory citation, see note to § 304.1. Page 17 (Sec. 101 (m) (3), 49 Stat. 697; 12 U.S.C., Sup., 264 (m) (3)) [Rule in re deposits evidenced by negotiable instruments, Oct. 1, 1935] 305.2 Deposit obligations for payment of items forwarded for collection by bank acting as agent. Where a closed bank has become obligated for the payment of items forwarded for collection by a bank acting solely as agent the owner of such items will be recognized for all purposes of claim for insured deposits to the same extent as if his name and interest were disclosed on the records of the bank when such claims for insured deposits, if otherwise payable, have been established by the execution and delivery of prescribed forms. Such bank forwarding such items for the owner thereof will be recognized as agent for such owners for the purpose of making an assignment of the rights of such owners against the closed insured bank to the Federal Deposit Insurance Corporation and for the purpose of receiving payment on behalf of such owners. (Sec. 101 (m) (3), 49 Stat. 697; 12 U.S.C., Sup., 264 (m) (3)) [Res., May 20, 1937, as amended May 3, 1939] PART 306-AGENTS FOR SERVICE OF PROCESS Section 306.1 Agents for service of process. Service of process may be made on the following agents of the Federal Deposit Insurance Corporation: **Walton F. Rainer 3121 Highland Avenue Birmingham, Alabama Stanley A. Jerman Security Building Phoenix, Arizona **Glenn E. Burson 716 West 24th St. Little Rock, Arkansas **W. P. Funsten 624 Fed. Res. Bk. Bldg. San Francisco, California. R. H. Walker 712 Ernest & Cranmer Bldg. Denver, Colorado Edward J. Lonergan 650 Main Street Hartford, Connecticut E. Ennalls Berl Delaware Trust Building Wilmington, Delaware **George B. Jackson Orlando, Florida **W. Clyde Roberts 625 First Nat'l Bk. Bldg. Atlanta, Georgia Wm. S. Hawkins 320-321 Wiggett Bldg. Coeur D'Alene, Idaho Page 18 **C. L. Pitman 625 Fed. Res. Bk. Bldg. **H. B. Ward Indianapolis, Indiana State Capitol Bldg. **A. J. Barak Room 300, the Bk. of America Bldg. **Maurice H. Kirby 1887 Princeton Drive Louisville, Kentucky **E. F. Follett Evangeline Hotel Alexandria, Louisiana Herbert E. Locke **Henry J. Dietz 5th Floor-Olds Tower Bldg. Lansing, Michigan **Indicates Supervising Examiner or Examiner of the Federal Deposit Insurance Corporation. **Indicates Supervising Examiner or Examiner of the Federal Deposit Insurance Corporation. (Sec. 101 (j) "Fourth", 49 Stat. 692; 12 U.S.C., Sup., 264 (j) "Fourth") [Res., June 18, 1938] **R. L. Hopkins 540 University Avenue L. C. Sampson BARGES: See Shipping, 46 CFR Parts 82, 100, 119. BARRELS: See Commerce, 15 CFR Parts 201, 202. BEANS AND PEAS (INSPECTION AND CERTIFICATION): See Agriculture, BEES, IMPORTATION: See Agriculture, 7 CFR Part 322. BILL OF LADING FORMS, FILING OF PORT: See Shipping, 46 CFR Part 223. Page 19 [1033] BIRDS: See Wildlife, 50 CFR Chapter I. Panama Canal, 35 CFR Part 18. and Banking, 12 CFR Chapter II. BOARD OF SPECIAL INQUIRY: See Aliens and Citizenship, 8 CFR Parts 12, 42. BOATS, RAFTS, BULKHEADS, AND LIFE-SAVING APPLIANCES: See Ship- BOILERS: See Shipping, 46 CFR Parts 50-57. Transportation and Railroads, BOND PURCHASE TERMS AND CONDITIONS: See Housing Credit, 24 CFR BOND REGULATIONS, TREASURY DEPARTMENT: See Money and Finance: BOULDER DAM RECREATIONAL AREA: OPERATION OF PRIVATELY BOUNDARY LINES OF THE HIGH SEAS: See Navigation and Navigable BOUNTY LAND WARRANTS: See Public Lands: Interior, 43 CFR Part 131. BROADCASTING: See Telecommunication, 47 CFR Chapter I. BUREAU OF AIR COMMERCE, DEPARTMENT OF COMMERCE: See Civil BUREAU OF ANIMAL INDUSTRY, DEPARTMENT OF AGRICULTURE: See BUREAU OF BIOLOGICAL SURVEY, DEPARTMENT OF AGRICULTURE BUREAU OF THE CENSUS, DEPARTMENT OF COMMERCE: See Commerce, BUREAU OF THE COMPTROLLER OF THE CURRENCY, DEPARTMENT BUREAU OF DAIRY INDUSTRY, DEPARTMENT OF AGRICULTURE: See BUREAU OF ENTOMOLOGY AND PLANT QUARANTINE, DEPARTMENT BUREAU OF FISHERIES, DEPARTMENT OF COMMERCE: See Wildlife, BUREAU OF FOREIGN AND DOMESTIC COMMERCE, DEPARTMENT OF BUREAU OF INTERNAL REVENUE, DEPARTMENT OF THE TREASURY: BUREAU OF LIGHTHOUSES, DEPARTMENT OF COMMERCE: See Naviga- BUREAU OF MARINE INSPECTION AND NAVIGATION, DEPARTMENT OF BUREAU OF MINES, DEPARTMENT OF THE INTERIOR: See Mineral Re- Page 20 BUREAU OF NARCOTICS, DEPARTMENT OF THE TREASURY: See Food and Drugs, 21 CFR Chapter II. BUREAU OF PLANT INDUSTRY, DEPARTMENT OF AGRICULTURE: See Agriculture, 7 CFR Chapter II. BUREAU OF PUBLIC ROADS, DEPARTMENT OF AGRICULTURE: See Highways, 23 CFR Chapter I. BUREAU OF RECLAMATION, DEPARTMENT OF THE INTERIOR: See Page 21 |
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