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NEW SECTIONS.

HOUSE BILL.

OWEN AMENDMENT.

HITCHCOCK AMENDMENT.

Sec. 27. The provisions of the Act Sec. 29. That the provisions of of May thirtieth, nineteen hundred the Act of May thirtieth, nineteen and eight, authorizing national cur- hundred and eight, authorizing narency associations, the issue of addi- tional currency associations, the issue tional national-bank circulation, and of additional national-bank circulacreating a National Monetary Com- tion, and creating a National Monemission, which expires by limitation tary Commission, which expires by under the terms of such Act on the limitation under the terms of such thirtieth day of June, nineteen hun- Act on the thirtieth day of June, ninedred and fourteen, are hereby extended teen hundred and fourteen, are hereby to June thirtieth, nineteen hundred extended to June thirtieth, nineteen and fifteen, and sections fifty-one hundred and fitteen.

hundred and fifty-three, fifty83 one hundred and seventy-two,

fifty-one hundred and ninetyone, and fifty-two hundred and fourteen of the Revised Statutes of the United States, which were amended by the Act of May twentieth, nineteen hundred and eight, are hereby reenacted to read as such sections read prior to May twentieth, nineteen hundred and eight, subject to such amendments or modifications as are prescribed in this Act.

Sec. 28. If any clause, sentence, paragraph, or part of this Act shali for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.

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Sec. 30. That the right to amend, Sec. 30 29. That-the The right Sec. 30. That the right to amend, alter, or repeal this Act is hereby to amend, alter, or repeal this Act alter, or repeal this Act is hereby exexpressly reserved. is hereby expressly reserved.

pressly reserved. Passed the House of Representatives September 18, 1913. Attest: SOUTH TRIMBLE,

Clerk.

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AN ACT TO PROVIDE FOR THE ESTABLISHMENT OF FEDERAL RESERVE BANKS, TO FURNISH AN ELASTIC CURRENCY, TO AFFORD MEANS OF REDISCOUNTING COMMERCIAL PAPER, TO ESTABLISH A MORE EFFECTIVE SUPERVISION OF

BANKING IN THE UNITED STATES, AND FOR OTHER PURPOSES

AS PASSED BY THE HOUSE, AS PASSED BY THE SENATE,

AND AS AGREED TO IN CONFERENCE

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SUBMITTED BY MR. OWEN.

IN THE SENATE OF THE UNITED STATES, December 18, 1913. Ordered, That there be printed as a Senate document, in docunient type and in three parallel columns, a comparative print of the banking and currency bill (H. R. 7837), “An act to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes,” showing the bill as passed by the House, the bill as passed by the Senate, and the bill as agreed to in conference, and that 5,000 additional copies be printed for the use of the Senate document room. Attest:

JAMES M. BAKER, Secretary.

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