Amendments to Federal Deposit Insurance Act: Hearings Before a Subcommittee on the Committee on Banking and Currency, United States Senate, Eighty-first Congress, Second Session, on S. 80 ... [et Al.] Bills to Amend the Federal Deposit Insurance Act. Jan. 11, 23, and 30, 1950

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Considers legislation to technical provisions of FDIC deposit insurance program and to increase deposit insurance coverage.

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Page 2 - An Act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.
Page 15 - Treasury, taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of the obligations.
Page 15 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 15 - Any and all notes, debentures, bonds or other such obligations issued by the corporation shall be exempt both as to principal and Interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any territory, dependency or possession thereof, or by any state, county, municipality or local taxing authority.
Page 9 - Third. To make contracts. Fourth. To sue and be sued, complain and defend, in any court of law or equity.
Page 9 - ... no attachment, injunction, or execution, shall be issued against such association or its property before final judgment in any suit, action, or proceeding, in any State, county, or municipal court.
Page 11 - The Corporation shall have access to reports of examination made by, and reports of condition made to, the Comptroller of the Currency or any Federal Reserve bank and to...
Page 8 - Board of Governors of the Federal Reserve System in the case of a State member bank as the case may be, the Board of Directors, if it shall determine to proceed further, shall give to the bank not less than thirty days...
Page 8 - State member bank, a statement with respect to such practices or violations for the purpose of securing the correction thereof and shall give a copy thereof to the bank.
Page 15 - Whenever in the judgment of the Board of Directors such action will reduce the risk or avert a threatened loss to the Corporation...

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