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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.

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(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

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**C. L. Pitman

625 Fed. Res. Bk. Bldg.
Chicago, Illinois

**H. B. Ward

Indianapolis, Indiana
**C. M. Wegman

State Capitol Bldg.
Des Moines, Iowa

**A. J. Barak

Room 300, the Bk. of America Bldg.
Salina, Kansas

**Maurice H. Kirby

1887 Princeton Drive Louisville, Kentucky **E. F. Follett Evangeline Hotel Alexandria, Louisiana

Herbert E. Locke
Depositors Trust Bldg.
Augusta, Maine
**David E. French
Baltimore, Md.
**H. M. Stillman
10 P. O. Square
Boston, Massachusetts

**Henry J. Dietz

5th Floor-Olds Tower Bldg.

Lansing, Michigan

**Indicates Supervising Examiner or Examiner of the Federal Deposit Insurance Corporation.

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**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
Madison, Wisconsin

L. C. Sampson
Hynds Building
Cheyenne, Wyoming

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,
7 CFR Part 58.

BEES, IMPORTATION: See Agriculture, 7 CFR Part 322.
BENEFITS: See Employees' Benefits, 20 CFR Chapters I-III.

BILL OF LADING FORMS, FILING OF PORT: See Shipping, 46 CFR Part 223.
BILLS OF LADING: See Transportation and Railroads, 49 CFR Parts 31-32.
BILLS OF LADING FOR TRANSPORTATION OF GOVERNMENT PROPERTY:
See Accounts, 4 CFR Part 8.

Page 19 [1033]

BIRDS: See Wildlife, 50 CFR Chapter I. Panama Canal, 35 CFR Part 18.
BITUMINOUS COAL COMMISSION: See Mineral Resources, 30 CFR Chapter III.
BITUMINOUS COAL, TAXES: See Internal Revenue, 26 CFR Part 311.
BOARD OF EXAMINERS: See Administration Personnel, 5 CFR Part 4.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM: See Banks

and Banking, 12 CFR Chapter II.

BOARD OF SPECIAL INQUIRY: See Aliens and Citizenship, 8 CFR Parts 12, 42.
BOARD OF TAX APPEALS: See Internal Revenue, 26 CFR Chapter III.
BOARD OF VETERANS' APPEALS: See Pensions, Bonuses, and Veterans'
Relief, 38 CFR Part 30.

BOATS, RAFTS, BULKHEADS, AND LIFE-SAVING APPLIANCES: See Ship-
ping, 46 CFR Parts 59, 60, 76, 94, 113.

BOILERS: See Shipping, 46 CFR Parts 50-57. Transportation and Railroads,
49 CFR Part 91.

BOND PURCHASE TERMS AND CONDITIONS: See Housing Credit, 24 CFR
Part 602.

BOND REGULATIONS, TREASURY DEPARTMENT: See Money and Finance:
Treasury, 31 CFR Chapters II, III.
BONDS OF ACCOUNTABLE OFFICERS: See Army: War Department, 10
CFR Part 31.

BOULDER DAM RECREATIONAL AREA: OPERATION OF PRIVATELY
OWNED BOATS: See Parks and Forests, 36 CFR Part 23.

BOUNDARY LINES OF THE HIGH SEAS: See Navigation and Navigable
Waters, 33 CFR Part 302.

BOUNTY LAND WARRANTS: See Public Lands: Interior, 43 CFR Part 131.
BRIDGE REGULATIONS: See Navigation and Navigable Waters, 33 CFR Parts
203, 403.

BROADCASTING: See Telecommunication, 47 CFR Chapter I.
BUREAU OF AGRICULTURAL ECONOMICS, DEPARTMENT OF AGRICUL
TURE: See Agriculture, 7 CFR Chapter I.

BUREAU OF AIR COMMERCE, DEPARTMENT OF COMMERCE: See Civil
Aviation, 14 CFR Chapter I.

BUREAU OF ANIMAL INDUSTRY, DEPARTMENT OF AGRICULTURE: See
Animals and Animal Products, 9 CFR Chapter I.

BUREAU OF BIOLOGICAL SURVEY, DEPARTMENT OF AGRICULTURE
(INCLUDING ALASKA GAME COMMISSION): See Wildlife, 50 CFR
Chapter I.

BUREAU OF THE CENSUS, DEPARTMENT OF COMMERCE: See Commerce,
15 CFR Chapter I.

BUREAU OF THE COMPTROLLER OF THE CURRENCY, DEPARTMENT
OF THE TREASURY: See Banks and Banking, 12 CFR Chapter I.
BUREAU OF CUSTOMS, DEPARTMENT OF THE TREASURY: See Customs
Duties, 19 CFR Chapter I.

BUREAU OF DAIRY INDUSTRY, DEPARTMENT OF AGRICULTURE: See
Animals and Animal Products, 9 CFR Chapter II.

BUREAU OF ENTOMOLOGY AND PLANT QUARANTINE, DEPARTMENT
OF AGRICULTURE: See Agriculture, 7 CFR Chapter III.

BUREAU OF FISHERIES, DEPARTMENT OF COMMERCE: See Wildlife,
50 CFR Chapter II.

BUREAU OF FOREIGN AND DOMESTIC COMMERCE, DEPARTMENT OF
COMMERCE: See Commerce, 15 CFR Chapter III.

BUREAU OF INTERNAL REVENUE, DEPARTMENT OF THE TREASURY:
See Internal Revenue, 26 CFR Chapter I.

BUREAU OF LIGHTHOUSES, DEPARTMENT OF COMMERCE: See Naviga-
tion and Navigable Waters, 33 CFR Chapter IV.

BUREAU OF MARINE INSPECTION AND NAVIGATION, DEPARTMENT OF
COMMERCE: See Navigation and Navigable Waters, 33 CFR Chapter III.
Shipping, 46 CFR Chapter I.

BUREAU OF MINES, DEPARTMENT OF THE INTERIOR: See Mineral Re-
sources, 30 CFR Chapter I. National Defense, 32 CFR Chapter III.

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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
Public Lands: Interior, 43 CFR Chapter II.
BUREAU OF STANDARDS, NATIONAL, DEPARTMENT OF COMMERCE :
See Commerce, 15 CFR Chapter II.

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