(d) Zero member financial shall try to be new average or broker from one nonbanking enterprise, connection, association, providers faith, otherwise individual in making funds towards the safeguards regarding brings, securities, or any other financing securities so you can agents or dealers from inside the stocks, securities, and other capital ties. All the pass with the provision because of the people affiliate bank is punishable by the an excellent away from only $100 daily within the continuance of such pass; and you can like fine can be amassed, from the match or otherwise, because of the Government set aside financial of the district where eg user bank is located.
[several USC 374a. Just like the additional of the operate off concluded by the work regarding finished by the acts off Sept. 21, 1967 (81 Stat. 226) and Sept. 21, 1968 (82 Stat. 856)).]
Deposits which have, and you may discounts for, nonmember banking institutions
(e) No representative bank should continue on put which have one depository establishment that is not signed up getting access to Federal Put aside improves not as much as area ten(b) associated with Act an amount more than ten per centum of the very own paid back-upwards financing and you may extra. No user financial will act as the fresh new average or agent away from a beneficial nonmember bank inside obtaining otherwise receiving deals out-of a great Government set aside financial underneath the specifications associated with Operate, except by the consent of your Panel regarding Governors of your own Government Reserve System.
[12 USC 463, 374. As the reenacted as opposed to change from the act from finished from the acts out-of Summer 21, 1917 (forty Stat. 239) (and this entirely modified that it part) and you can concluded by acts out-of Sept. 21, 1967 (81 Stat. 226); Sept. 21, 1968 (82 Stat. 856); and February 31, 1980 (94 Stat. 140).]