...upon, applications for permission under the Kern amendment to the Clayton Act for the same person to serve at the same time as an officer, director, or employee of a member bank and not more than two other banks which are not in substantial competition with the member...

...amendment, approved May 15, 1916, does not permit the Federal Reserve Board to authorize a private banker to serve at the same time as an officer, director, or employee of two other banks, since the Kem amendment does not include private bankers. (By an act approved May...

...amendment, approved May 15, 1916, does not permit the Federal Reserve Board to authorize a private banker to serve at the same time as an officer, director, or employee of two other banks, since tho Kern amendment does not include private bankers. (By an act approved May...

...with any corporation, association, business trust, or other similar organization engaged principally in the issue, flotation, underwriting, public sale, or distribution at wholesale or retail, of stocks, bonds, debentures, notes, or other securities. " For every violation of this section, the...

...not prohibit a person who is not a director, officer, or employee of any national bank from serving at the same time as an officer, director, or employee of any number of State banks or trust companies, whether members of the Federal Reserve System or not. (5)...

...with any corporation, association, business trust, or other similar organization engaged principally in the issue, flotation, underwriting, public sale,...through syndicate participation of stocks, bonds, debentures, notes, or other securities. Violation of this section subjects the member bank to a penalty...

...associations pro- tion, business trust, or similar organization engaged principally in wwted. tjle jssue> flotation, underwriting, public sale, or distribution...through syndicate participation of stocks, bonds, debentures, notes or other securities. § 2. Section one hundred and ninety of such chapter is hereby...

...Act provides that no "officer, director, or employee" of any corporation, association, partnership or individual "primarily engaged in the issue, . flotation, underwriting, public sale, or distribution * * * of stocks, bonds, or other similar securities, shall serve the same time as an officer director,...

...any corporation, association, business trust, or any other similar organization engaged principally In the issue, flotation, underwriting, public sale,...through syndicate participation of stocks, bonds, debentures, notes, or other securities.1 Do I understand that you take the position that the Bankers...

...violate the law.1 Section 32 of the Act prohibits, inter alia, any partner or employee of any partnership "primarily engaged in the issue, flotation, underwriting,...participation, of stocks, bonds, or other similar securities" from serving at the same time as an officer, director, or employee of a member bank.2 1 Section 30...