 | United States. Congress. Senate. Committee on Banking and Currency - 1933 - 574 lapas
...resolution of its own against loans for others. You will recall that. [Continuing reading :] No member bank shall, directly or indirectly by any device whatsoever, pay any interest on any deposit which is payable on demand. You will realize the meaning of that. The interior banks of this... | |
 | United States. Office of the Comptroller of the Currency - 1934 - 702 lapas
...section 20 with respect to divorcements of affiliates. 2. Section 11 (b) provides that no member bank shall directly or indirectly by any device whatsoever pay any interest on any deposit which is payable on demand except as to deposits of public funds made by or on behalf of any... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1934 - 1406 lapas
...resolution of its own against loans for others. You will recall that. [Continuing reading:] No member bank shall, directly or indirectly by any device whatsoever, pay any interest on nny deposit which is payable on demand. You will realize the meaning of that. The interior banks of... | |
 | 1939 - 1520 lapas
...Demand deposits — (a) Interest prohibited. Except, as hereinafter provided, no insured nonmember bank shall directly or indirectly, by any device whatsoever, pay any interest on any demand deposit. Within this part any payment to or for the account of any depositor as compensation for the use of... | |
 | United States - 1971 - 1248 lapas
...section 1032; title 42 section 1591a. §37 la. Payment of interest on demand deposits. No member bank shall, directly or indirectly, by any device whatsoever, pay any interest on any deposit which is payable on demand: Provided. That nothing herein contained shall be construed as prohibiting... | |
 | United States Congress. House. Banking and Currency Committee - 1944 - 770 lapas
...were a Member when that law was passed — and I was, too — and that law says that no member bank shall, directly or indirectly, by any device whatsoever, pay any interest on any deposit which is payable on demand. ' Now, do you construe that that is directly or indirectly paying... | |
 | United States. Congress. House. Committee on Banking and Currency - 1944 - 768 lapas
...other day and, if I understood him correctly, he held the language there which reads — No member bank shall, directly or indirectly by any device whatsoever, pay any interest on any deposit which is payable on demand — HI understood him, he held that language, "by any device whatsoever,"... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1945 - 336 lapas
...Banking Act of 1933 amended section 19 of the Federal Reserve Act so as to piovide that no membei bank "shall, directly or indirectly, by any device whatsoever, pay any interest on any deposit which is payable on demard," and the Banking Act of 1935 authorized the Bcord to determine... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1944 - 356 lapas
...Act, as amended, which the proposed bill would further amend, now reads as follows : "No member bank shall, directly or indirectly, by any device whatsoever, pay any interest on any deposit which is payable on demand : * * *." The foregoing prohibition was enacted by the Congress... | |
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No member bank shall, directly or indirectly by any device whatsoever, pay any interest on any deposit which is payable on demand: Provided, That nothing herein contained shall be construed as prohibiting the payment of interest in accordance with the... 
