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S:"NATIONAL RECOVERY ADMINISTRATION AMENDMENT TO I" CODE OF FAIR COMPETITION F OR SiUTUAL SAVINGS BANKS AS APPROVED ON MAY 17, 1934 :... * ;:.. ^ ? :. ... . ' :... . S. / At Shj IA.' .. WE 00 OUR PART UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON: 1934 , .......g... S,:,..;.i .- * 4aa~I tk::: L. :, .. .... of Docaument Washi&ton, D.C. Price 5 cenis .ZeWa-K boermentu . .mdie -manir g Al UW. .: .. i*. This publication is for sale by the Superintendent of Documents, Government Printing Office, Washington, D.C., and by district offices of the Bureau of Foreign and Domestic Commerce. DISTRICT OFFICES OF THE DEPARTMENT OF COMMERCE Atlanta, Ga.: 504 Post Office Building. Birmingham, Ala.: 257 Federal Building. Boston, Mass.: 1801 Customhouse. Buffalo, N.Y.: Chamber of Commerce Building. Charleston, S.C.: Chamber of Commerce Building. Chicago, Ill.: Suite 1706, 201 North Wells Street. Cleveland, Ohio: Chamber of Commerce. Dallas, Tex.: Chamber of Commerce Building. Detroit, Mich.: 801 First National Bank Building. Houston, Tex.: Chamber of Commerce Building. Indianapolis, Ind.: Chamber of Commerce Building. Jacksonville, Fla.: Chamber of Commerce Building. Kansas City, Mo.: 1028 Baltimore Avenue. ILos Angeles, Calif.: 1163 South Broadway. Louisville, Ky.: 408 Federal Building. Memphis, Tenn.: 229 Federal Building. Minneapolis, Minn.: 213 Federal Building. New Orleans, La.: Room 225-A, Customhouse. New York. N.Y.: 734 Customhouse. Norfolk, Va.: 406 East Plume Street. Philadelphia, Pa.: 422 Commercial Trust Building. Pittsburgh, Pa.: Chamber of Commerce Building. Portland, Oreg.: 215 New Post Office Building. St. Louis, Mo.: 506 Olive Street. San Francisco, Calif.: 310 Customhouse. Seattle, Wash.: 809 Federal Office Building.. Approved Code No. 52-Amendment No. 1 AMENDMENT TO CODE OF FAIR COMPETITION FOR MUTUAL SAVINGS BANKS As Approved on May 17, 1934 ORDER AMENDMENTS TO CODE OF FAIR COMPETITION FOR MUTUAL SAVINGS BANKS An application having been duly made pursuant to and in full compliance with the provisions of Title I of the National Industrial Recovery Act, approved June 16, 1933, for approval of Amendments to a Code of Fair Competition for Mutual Savings Banks, and hear- ings having been duly held thereon and the annexed report on said Amendments, containing findings with respect thereto; having been made and directed to the President: NOW, THEREFORE, on behalf of the President of the United States, I, Hugh S. Johnson, Administrator for Industrial Recovery, pursuant to authority vested in me by Executive Orders of the Presi- dent, including Executive Order No. 6543-A, dated December 30, 1933, and otherwise; do hereby incorporate by reference said annexed report and do find that said Amendments and the Code as constituted after being amended comply in all respects with the pertinent provi- sions and will promote the policy and purposes of said Title of said Act; and do hereby order that said Amendments be and they are hereby approved, and that the previous approval of said Code is hereby modified to include an approval of said Code in its entirety as amended; this Order to become effective sixty (60) days after the date hereof. HUGH S. JOHNSON, Administrator for Industrial Recovery. Approval Recommended: H. O. KING, Division Administrator. WASHINGTON, D.C., May 17, 1934. 60074---544--110-34 tf REPORT TO THE PRESIDENT The PRESIDENT, The White House. Sm: I have the honor to transmit herewith Amendments to the Code of Fair Competition for Mutual Savings Banks, which are submitted in accordance with Article VII of the Code of Fair Competition for Mutual Savings Banks. These Amendments are designed to provide for the establishment of uniform maximum hours of banking operations within cities, trade areas or other groups. Provisions have also been included for the setting up of subcommittees, through state associations or other- wise, for the purpose of assisting the Administrator and the Code Authority in the administration of the Code within local areas. The Deputy Administrator in his final report to me on the said Amendments to said Code having found as herein set forth and on the basis of all the proceedings in this matter: I find that: (a) The Amendments to said Code and the Code as amended are well designed to promote the policies and purposes of Title I of the National Industrial Recovery Act including the removal of obstructions to the free flow of interstate and foreign commerce which tend to diminish the amount thereof, and will provide for the general welfare by promoting the organization of industry for the purpose of cooperative action among trade groups, by inducing and main- taining united action of labor and management under adequate governmental sanction and supervision, by eliminating unfair com- petitive practices, by promoting the fullest possible utilization of the present productive capacity of industries, by avoiding undue restric- tion of production (except as may be temporarily required), by increasing the consumption of industrial and agricultural products through increasing purchasing power, by reducing and relieving unemployment, by improving standards of labor, and by otherwise rehabilitating industry. (b) The Code as amended complies in all respects with the perti- nent, provisions of said Title of said Act, including without limita- tion Subsection (a) of Section 3, Subsection (a) of Section 7 and Subsection (b) of Section 10 thereof. (c) The Code empowers the Mutual Savings Banks Code Com- mittee to present the aforesaid Amendments on behalf of the busi- ness as a whole. (d) The Andmdments and the Code as amended are not designed to and will not permit monopolies or monopolistic practices. (e) The Amendments and the Code as amended are not designed to and will not eliminate or oppress small enterprises and will not operate to discriminate against them. (f) Those engaged in the other steps of the economic process have not been deprived of the right to be heard prior to approval of said Amendments. For these reasons I have approved these Amendments. Respectfully, HUGH S. JOHNsON, Administrator. MAY 17, 1934 AMENDMENT TO CODE OF FAIR COMPETITION FOR MUTUAL SAVINGS BANKS Article VII is hereby amended by the addition of the following paragraphs: (5) The Mutual Savings Banks Code Committee shall, subject to ratification by a majority of the banks affected and to the ap- proval of the Administrator, appoint subcommittees, through state associations or otherwise, for the purpose of assisting the Admin- istrator and the Mutual Savings Banks Code Committee in the administration of this Code within local areas. (6) Such subcommittees shall, subject to the approval of the Administrator and the Mutual Savings Banks Code Committee, adopt local rules and regulations governing competitive practices within local areas, which shall thereupon become part of this Code within such local areas and shall be binding upon all mutual savings banks in such local areas: provided that nothing herein shall relieve the Mutual Savings Banks Code Committee of its duties and responsibilities under this Code." Article VIII is hereby amended by striking out paragraphs (1) and (2) thereof and substituting therefore the following paragraph: (1) Hours of Banking.-All mutual savings banks shall, sub- ject to the approval of the Administrator, establish uniform maxi- mum hours of banking operations to be observed within such cities, trade areas, counties, or such other groups as may be determined by the Code Authority with the approval of the Administrator. By hours of banking operations is meant the time within which the doors of the mutual savings banks are open for the purpose of serving the public. No mutual savings banks shall operate in ex- cess of the maximum hours so adopted, but any mutual savings bank may observe shorter hours than the. maximum, provided that no such mutual savings banks shall by reason thereof, reduce the number of its employees below the number employed at the time such reduction in hours is made, nor reduce the weekly compensa- tion of any employee whose weekly hours may have been reduced." Approved Code No. 52. Amendment No. 1. Registry No. 1707-03. (4) O 7i Ii, *j .1 UNIVERSITY OF FLORIDA : 111111 lilllliilillll1lrIillill IB II 3 1262 08338 087 2 r * ,. 1T . :.l: .. .. ...... ra: |