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VOLUME 13

U

n it e d
N U M B E R 19

Washington, Wednesday, January 28, 1948

TITLE 12 BANKS AND
BANKING
Chapter II Federal Reserve System Subchapter
A Board of Governor Federal Reserve System
of
the
Reg. D
P art
204 R e s e r v e s
of
M

em ber
B anks
REQUIREMENTS AT CENTRAL RESERVE CITIES

1. Effective at the opening of business on February 27,1948, 204.5 Supplement to Regulation D 12 CFR, Cum. Supp.
Is amended to read as follows:
204.5 Supplement, reserves required to be maintained by member banks with Federal Reserve .banks. Pursuant to the provisions of section 19 of the Federal Reserve Act and 204.2 a , the Board of Governors of the Federal Reserve Sys tem hereby prescribes the following re serve balances which each member bank of the Federal Reserve System is re quired to maintain on deposit with the Federal Reserve bank of its district:
8 percent o f its time deposits plus 14 percent of its net demand deposits if not in a reserve or central reserve city;
20 percent of its net demand deposits if in a reserve city, except as to any bank lo cated in an outlying district of a reserve city or in territory added to such city by the ex-, tension of the citys corporate limits, which, by the affirmative vote of five members of the Board of Governors of the Federal Re serve System, is permitted to maintain 14
percent reserves against its net demand de posits;
; .$
22 percent of its net demand deposits if located in a central reserve city, except as to any bank located in an outlying district of a central reserve city or in territory added to such city by the extension of the citys cor porate limits, which, by the affirmative vote of five members of the Board of Governors of the Federal Reserve System, is permitted to maintain 14 percent or 20 percent reserves against its net demand deposits.

2. This amendment is issued pursuant to the authority granted to the Board of Governors by section 19 of the Federal Reserve Act in the light of existing economic conditions and the present in flationary credit situation. The notice and public procedure described in sec tions 4 a and 4 b of the Administra tive Procedure Act, and the prior publica tion described in section 4 c of such act, are impracticable, unnecessary and con trary to the public interest in connection with this amendment for the reasons and
good cause found as stated in 262.2 e of this chapter, and especially because such notice, procedure and prior publica tion would prevent the action from be coming effective as promptl/ as neces sary, would unreasonably interfere with necessary efforts to prevent injurious credit expansion, jand would serve no useful purpose.
Secs. 11 c , e, i, 38 Stat. 262, secs.
10, 4, 40 Stat. 239, 970, secs. 207, 324, 49
Stat. 706, 714, sec. 2, 56 Stat. 648; 12
U. S. C. and Sup. 248 c , e , i , 461, 462, 462a, 462b, 465, 466
Approved this 23d day of January 1948.

seal
B oard o f G o ve r n o r s of t h e F ederal R eserve S y s t e m , S. R . C a r p e n t e r ,
Secretary.
F. R. Doc. 48-802; Filed, Jan. 27, 1948;
8:48 a. m.

CONTENTS
Alien Property, Office of
Pas
Notices:
Vesting orders, etc.:
Bayer, Luise_________________
Brand, John, and Hedwig TJrabinger___ _____________
Brune, Heinrich, et a l._____
Diekmann, Margaret________
Esa, Wilhelmine____________
Gastrich, August--------------Gastrich, Carl______________
Gastrich, Heinrich__________
Geyer, Fritz________________
Jost, Elizabeth, et al________
Kulenkampff, Gustav B _____
Lanwehr, Henry___;s_________
Metzger, Phillip.____________
N. V. Edmund Wagenknechts Handel Maatschappij-----Schmalfuss, W alter_________
Wolfrum, Henry, et al_______
Zuehlsdorf, Richard_______ _

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392
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394
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Civil Aeronautics Board Chapter III Federal Deposit Insurance Corporation Subchapter A Public Information P art
302 D e s c r ip t io n
of
O r g a n iza t io n
c h a n g e o f l o c a t io n o f o f f ic e s
Effective immediately,-Part 302, Sub chapter A, Chapter III, Title 12, of the Code o f Federal Regulations 12 CFR, 1946 Supp. is hereby amended as fol lows:
1. In paragraph of 302.2 delete the following: , Field Building, Chicago 3, Illinois .
2. In paragraph d of 302.2 delete the following: , Field Building, Chicago 3, Illinois .
3. Paragraph e of 302.2 to read as follows:
302.2 Field Organization.
e Location of divisions. All of the Divisions of the Corporation are located at the principal office of the Corporation, 14th and F. Streets NW., Washington 25, D. C.
The requirements of section 4 o f the Administrative Procedure Act 60 Stat.
238 and Part 306 of the rules and regu lations of the Federal Deposit Insurance Corporation as to notice of proposed rule making, public participation, and effec tive date are not applicable for the reaContinued on next page
Notices:
Hearings, etc.:
Chicago and Southern Air Lines, Inc., and Braniff Air ways, Inc.; Chicago-Hous ton Service Case._________
Piedmont Aviation, In c._____

386
386

Commerce Department Rules and. regulations:
General organization and func tions; Office of Industry Co operation_________ __________

384

Customs Bureau Proposed rule making:
Duluth Boat Club Seaplane Base, Duluth, Minn.; revoca tion of designation as airport of entry._________________

385

Federal Deposit Insurance Cor poration Rules and regulations:
Corporate powers; extension without consent of corporation________ ._____- __________
Organization, d e s c r i p t i o n ;
change of location of offices.

384
383

Federal Power Commission Notices :
Hearings, etc.:
City of Ketchikan, Alaska___
387
Montana Power Co__________
387
Public Utility District No. 1 , of Clallam County---------386
Tegen, Albert F _____________
387
383