Representative financial institutions while making shelter funds for other people
(d) Zero affiliate lender should act as the brand new typical otherwise broker americash loans Sterling regarding any nonbanking enterprise, partnership, organization, providers believe, or individual in making financing with the security from stocks, ties, or any other financing ties so you’re able to brokers otherwise dealers during the brings, ties, or other resource securities. The admission of this supply by one associate lender can be punishable by the a superb regarding only $100 each day in continuance of such pass; and you may particularly okay may be accumulated, of the suit or otherwise, by Government reserve lender of section in which eg associate financial is found.
[a dozen USC 374a. As the additional of the work out of finished by the work from finished by serves out of Sept. 21, 1967 (81 Stat. 226) and Sept. 21, 1968 (82 Stat. 856)).]
Deposits with, and you can reduced prices for, nonmember banking institutions
(e) No user lender shall continue deposit that have people depository organization that isn’t licensed for use of Federal Set aside advances lower than part ten(b) associated with the Act an amount over 10 each centum of its own repaid-up financial support and you can excessive. ادامه مطلب
