...Federal Keserve Act gives to the reserve board authority to grant by special permit to national banks, when not in contravention of state or local law, the right to exercise trust functions.2 The law of California authorizes any national bank having its principal...

...the powers conferred upon the Federal Reserve Board by the Federal Eeserve Act is the authority to "grant by special permit to national banks applying...under such rules and regulations as the said board may prescribe."800 In 1915 the General Assembly of Iowa granted authority to any national bank, when authorized...

...by Act of September 26, 1918, under which the Federal Reserve Board is authorized and empowered "to grant by special permit to national banks applying...right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, committee of estates of lunatics,...

...effectively to perform the same. (i) To exercise general supervision over said Federal reserve banks. (k) To grant by special permit to national banks applying...right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver committee of estates of lunatics,...

...effectively to perform the same. (i) To exercise general supervision over said Federal reserve banks. (k) To grant by special permit to national banks applying...right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver committee of estates of lunatics,...

...section in its original form the Federal Reserve Board was authorized merely to grant to national banks "when not in contravention of state or local law,...administrator, or registrar of stocks and bonds." National banks opening up trust departments, in accordance with authority granted to them pursuant...

...bonds of Federal reserve agents; to exercise general supervision over said Federal reserve banks; to grant by special permit to national banks applying...contravention of State or local law; the right to exercise fiduciary powers." FEDERAL TRADE COMMISSION. "An act to create a Federal Trade Commission,...

...said Federal reserve banks. (k) To grant by special permit to national banks applying therefor, whan not in contravention of State or local law, the right to act as trustee, executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver committee of estates of lunatics,...

...RA 1918C, 283, Ann. Cas. 1918D, 1169]," the right of Federal Reserve Board to grant special permit, not in contravention of state or local law, the right to act as trustee, etc. It was In construction of the clause of the statute authorizing the President to Initiate rates,...

...spirited bankers throughout the country. Under the Act the Federal Reserve Board has power "to grant special permit to National banks applying therefor,...and regulations as the said board may prescribe." It is understood . that the purpose of this provision is to permit National banks to serve their constituents...