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FEDERAL
VOLUME 20

REGISTER
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1934

y < O / v iT tO

NUMBER 236

Washington, Tuesday, December 6, 1955

primarily for religious, philanthropic, charitable, educational, fraternal, or other similar purposes and not operated for profit,4 or ii in which the entire Chapter I Federal Deposit beneficial interest is held by one or more insurance Corporation individuals or by such a corporation, P art 329 P a y m e n t o r D eposits and association, or other organization and in I nterest T h er eo n b y I nsured N o n respect to which:
a The depositor is required, or may member B a nk s at any time be required, by the bank to MISCELLANEOUS AMENDMENTS
give notice in writing o f an intended Effective December 7,1955, the amend withdrawal not less than thirty 30 days ment of 329.0 of the rules and regula before such withdrawal is made; or the tions of the Corporation which was bank consistently continues to adhere published in the F e d e r a l R e g is t e r of to a practice existing prior to January 23, October 25, 1955 20 F. R. 8019, under 1936, of requiring notice o f at least fifteen Notice of Proposed Rule Making, is 15 days before permitting withdrawal;
b Withdrawals are permitted in only adopted, after consideration of all rele vant matter presented by interested per two ways, either upon presentation of sons on the proposed amendment, with the pass book through payment to the further amendment by deleting the person presenting the pass book, or with words the United States of America and out presentation of the pass book, the District of Columbia therein and through payment to the depositor him substituting therefor the words the self but not to any other person, whether States of the United States and the Dis or not acting for the depositor.
2 The provisions of subparagraph trict of Columbia .
The amendment o f paragraph e of 1 i and ii of this paragraph lim it 329.1, providing for the renumbering ing savings deposits to funds o f certain thereof, as set forth below, is adopted classes of persons, shall not be applicable effective December 7, 1955, and, as this to deposits received and credited on or change does not diminish the rights of before February 1, 1936, to accounts evi insured banks, notice of it as a proposed denced by pass books in insured nonmember banks and these deposits, rule is found to be unnecessary.
The amendments of the regulations, as together with interest subsequently pay able on such deposits, less any with adopted, are as follows:
1. Section 329.0 is amended by delet drawals from such accounts, may be ing the last sentence thereof and by sub classed by insured nonmember banks as stituting in lieu thereof the following savings deposits under the terms of this sentence: The provisions of this part do paragraph, even though such deposits not apply to mutual savings banks, or to belong to an association, organization, guaranty savings banks operating in the or corporation organized for profit. The
State of New Hampshire so long as said said provisions of subparagraph 1 i guaranty savings banks operate substan 4Deposits in joint accounts of two or more tially under and pursuant to the laws of individuals may be classified as savings de the State of New Hampshire pertaining posits if they meet the other requirements to mutual savings banks and do not en of the above definition, but deposits of a gage in commercial banking, or to any partnership operated for profit may not be deposit in a bank located outside of, or so classified. Deposits to the credit of an Payable only at a banks office which is individual of funds in which any beneficial located outside of, the States of the interest is held by a corporation, partner association, or other organization op nited States and the District of Co ship, erated for profit or not operated primarily lumbia.

TITLE 12 BANKS AND
BANKING

Pf ra?raph e of 329.1 is amended to read as follows:

Savings deposits. 1 The ter rw lifu teposit means a deposit e need by a pass book consisting of fun e credit of one or mo aHJ du&fc or f a corporation, assoc !on, or other organization opért
for religious, philanthropic, charitable, edu cational, fraternal, or other similar purposes may not be classified as savings deposits.
Presentation of a pass book may be made over the counter or through the mails; and payment may be made over the counter, through the mails or otherwise, subject to the limitations contained herein as to the person to whom such payment may be made.
Continued on next page
CONTENTS
Agricultural Marketing Service Rules and regulations:
Processed fruits and vegetables;
set aside requirements______
Relief from hardship and other adjustments, exceptions and appeals; filing of and actions on petitions; termination___

Page
8953

8953

Agriculture Department See Agricultural Marketing Serv ice; Agricultural Research Serv ice; Commodity Stabilization Service.

Agricultural Research Service Proposed rule making:
Frozen grape juice concentrate fo r grape beverage; U. S.
standards__________ _________

8962

Alien Property Office Notices:
Ziegler, Julius Franz; vested property, intention to return-

8971

Civil Aeronautics Board Notices:
Accident occurring near North Hollywood, Calif.; hearing___
Empresa De Transportes, Aerovias Brasil, S. A.; application for foreign air carrier permitProposed rule making:
Transportation, official busi ness ; free and reduced rate to Board employees_____________
Rules and regulations:
National defense transporta tion; temporary authorization extended__ :_________________

8974
8974

8961

8953

Commodify Stabilization Service Rules and regulations:
Cotton; acreage allotments for 1956 crop, of upland cotton__

8951

Customs Bureau Notices:
Surgical stockings; tariff classi fication______________________

8971

Federal Deposit Insurance Cor poration Rules and regulations:
Deposits and interest thereon;
payment by insured nonmem ber banks___________________

8949

Federal Power Commission Notices:
Hearings, e tc .:v Anderson-Prichard Oil Corp_
Biggs, Robert A., Jr., et al----8949

8978
8976