1. Repeal of Provisions Requiring National Banks to
Deposit Bonds with United States Treasurer
So much of the provisions of section fifty-one hundred and fifty-nine
of the Revised Statutes of the United States, and section four of the Act of
June twentieth, eighteen hundred and seventy-four, and section eight of the
Act of July twelfth, eighteen hundred and eighty-two, and of any other
provisions of existing statutes as require that before any national banking
association shall be authorized to commence banking business it shall
transfer and deliver to the Treasurer of the United States a stated amount of
United States registered bonds, and so much of those provisions or of any
other provisions of existing statutes as require any national banking
association now or hereafter organized to maintain a minimum deposit of such
bonds with the Treasurer is hereby repealed.
[12 USC 101a note. As amended by act of June 21, 1917 (40 Stat.
239).]
