...1936. section 32 of the Banking Act of 1933, as amended, is amended to read as follows : " SEC. 32. No officer, director, or employee of any corporation...officer, director, or employee of any member bank except in limited classes of cases in which the Federal Reserve Board may allow such service by general...

...to read as follows : " SEC. 32. No officer, director, or employee of any corporation or unincorpoled association, no partner or employee of any partnership,...officer, director, or employee of any member bank except hi limited classes of cases in which the Federal Reserve Board may allow such service by general...

...January 1, 1936. section 32 of the Banking Act of 1933, as amended, is amended to read as follows : primarily engaged in the issue, flotation, underwriting,...officer, director, or employee of any member bank except in limited classes of cases* in which the Federal Reserve Board may allow such service by general...

...corporation or unincorporated association, no partner or employee of any partnership, and no individual. 1 primarily engaged in the issue, flotation, underwriting,...bonds, or other similar securities, shall serve at the sanie time as an officer, director, or employee of any member bank except in limited classes of cases...

...at any time and withdraw the current value of his units. (i) Section 32 of the Banking Act of 1933 provides in relevant part that: "No officer, director,...officer, director, or employee of any member bank • * •." (j) The Board concluded, based on its understanding of the proposal and on the general...

...engaged, from serving as an officer, director, or employee of a holding company proposed to be organiza by a member bank to own all the stock of such bank....retail, or through syndicate participation, of stocks, bonos, or other similar securities, shall serve Cat] the same time as an officer, director, or employee...

...providing for annuity payment varying in accordance with the changing values of a portfolio of securities. (b) Section 32 provides in relevant part that: "No...similar securities, shall serve [at] the same time as au officer, director, or employee of any member bank * * *". (c) For many years, the Board's position...

...engaged, from serving as an officer, director, or employee of a holding company proposed to be organiza by a member bank to own all the stock of such bank....sale, or distribution, at wholesale or retail, or §218.114 Chapter II — Federal Reserve System through syndicate participation, of stocks, bonas,...

...underwriting has accounted for no more than one-half of 1 percent of that amount. (c) Section 32 provides that "No officer, director, or employee of any corporation...stocks, bonds, or other similar securities, shall serve the same time (sic) as an officer, director, or employee of any member bank * * *" (d) In interpreting...

...Under section 32 of the Banking Act of 1933 (49 Stat. 709; 12 USC 78), except as stated in § 218.2, no officer, director, or employee of any corporation...participation, of stocks, bonds, or other similar securities, can legally be at the same time an officer, director, or employee of any member bank of the Federal...