Citation
Amendment to code of fair competition for mutual savings banks as approved on May 17, 1934

Material Information

Title:
Amendment to code of fair competition for mutual savings banks as approved on May 17, 1934
Portion of title:
Mutual savings banks
Creator:
United States -- National Recovery Administration
Place of Publication:
Washington, D.C
Publisher:
United States Government Printing Office
Publication Date:
Language:
English
Physical Description:
4 p. : ; 24 cm.

Subjects

Subjects / Keywords:
Savings banks -- United States ( lcsh )
Banks and banking -- United States ( lcsh )
Genre:
federal government publication ( marcgt )
non-fiction ( marcgt )

Notes

General Note:
Cover title.
General Note:
At head of title: National Recovery Administration.
General Note:
"Registry No. 1707-03."
General Note:
"Approved Code No. 52--Amendment No. 1."

Record Information

Source Institution:
University of Florida
Rights Management:
This item is a work of the U.S. federal government and not subject to copyright pursuant to 17 U.S.C. §105.
Resource Identifier:
004930888 ( ALEPH )
645139407 ( OCLC )

Downloads

This item has the following downloads:


Full Text










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:




Full Text

PAGE 1

Approved Code No. 52-Arnendrnent No. 1 Registry No. 1707-03 NATIONAL RECOVERY ADMINISTRATION .i\MENDMENT TO CODE OF FAIR COMPETITION FOR MUTUAL SAVINGS BANKS AS APPROVED ON MAY 17, 1934 Vil DO OUR PART } 0--''" -: .,. __ .. r• . UNITED STATES GOVERNMENT PRINTING OFFICE WASHINGTON: 1934 For sale by the Superintendent of Documents, Washinirton, D.C. Price 5 ceuw V

PAGE 2

,:.'his 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 Po8t Office Building. Birmingham, Ala. : 257 Federal Building. Boston, l\fass.: 1 80 1 Customllouse. 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. H o uston, Tex.: Chamber of Commerce Building. Indianapolis, Ind.: Chamber of Commerce Buildino-. Jackso nville, Fla.: Chamb e r of Commerce Building. Kansas City, l\lo.: 1028 Baltimore Avenue. Lo s Angeles, Calif.: 1163 South Broadway. L ouisville, Ky.: 408 F ederal Building. l\Iemphis, Tenn.: 22'-J Federal Building. l\linneapolis, l\1inn. : 213 Federal Building. New Orleans, La.: Room 225-A, Customhouse. New York. N.Y.: 734 Customhouse. Norfolk, Va.: 406 East Plume Street. Philadelphia, Pa.: 4:22 Commercial Tmst Building. Pitt burgh, Pa.: Chamber of Commerce Building. Portland, Oreg. : 215 New Post Office Bui lcling. St. Louis, Mo.: 506 Olive Street. San Francisco, Calif. : 310 Cu. tomhou e. Seattle, Wash.: 809 Federal Office Building.

PAGE 3

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 SA VIN GS 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 , f or approval of Amendments to a Code of Fair Competition for Mutual Savings Banks, and hearings having b een 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 provisions 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 Recov ery . Approval Recommended: H. 0. l(ING, Division Ad1nini,strator. WASHINGTON, D.C., May 17, 1934. 60074-544-110-34 (1)

PAGE 4

REPORT TO THE PRESIDENT The PRESIDENT, The White Hous e . Srn: 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 l\,futual Savings Banks. The e 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 etting up of ubcommittees, through state a sociations 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 Admini trator in his final report to me on the said Amendments to said Code having found as herein set forth and on the ba is 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 purpo es of Title I of the National Indu trial R ecovery Act including the removal of ob tructions to the free fl.ow 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 a mong trade groups, by inducino and maintaining 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 restriction of production ( excep t as may be temporarily r equired), by increasing the consumption of industrial and agricultural products through increasing purchasing power, by r ed ucing and relieving unemployment, by improving standards of labor, and by otherwise rehabilitating industry. (b) The Code as am ende d complies in all respects with the pertinent provisions of said Title of said Act, including without limitation 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 ne ss as a whole. ( d) The Amendments and the Code as amended are not designed to and will not permit monopolies or monopoli tic practi es. ( e) The Amendments and the Code as amended are not designed to and will not eliminate or oppress small enterpri es and will not operate to discriminate ao-ainst them. (2)

PAGE 5

3 (f) Those engaged in the other st~s 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, 1\1AY 17, 1934 ) { r HUGH s. JOHNSON, Administrator.

PAGE 6

AMEND1\1E JT 'fO CODE OF FAIR COMPETITIO.._ FOR MUTUAL SAVI GS BANKS Article VII is hereby amended by the addition of the following paragraphs: " ( 5) The : Mutual Savings Banks ode Committee hall, ubject to ratification by a majority of the bank affected and to the approval of the Administrator, appoint subcommittee , through tate associations or otherwise, for the purpose of a i ting the Administrator and the Mutual Saving Banks Code Committee in the administration of this Code within local area . " (6) uch subcommittees sha ll, subject to the approval of the Administrator and the :Mutual Savings Bank Code Committee, adopt local rules and regulations goYerning competitive practices within l ocal areas, which shall thereupon becom part of this Code within such local areas and shall be binding upon all mutual ~avings banks in such lo cal area : provided that nothing herein shall relieve the Mutual Saving Banks Code Committee of its duties and re ponsibilities under this Code." Article VIII is hereby amended by striking out paragraph (1) and (2) thereof and substituting therefor the following paragraph: "(1) Hours cf Banking.-All mutual savings banks shall, subject to the approval of the Administrator establish uniform maximum hours of banking operations to be obserYed within uch cities, trade areas counties, or such other groups as may be determined by the Code Authority with the approval of the Admini trator. By hours of banking operations i s meant the time within which the doors of the mutual saving banks are open for the purpose of serving the public. No mutual savings bank hall operate in ex ce s of the maximum hours so adopted, but any mutual savings bank may observe shorter hours than the maximum provided that no such mutual savings bank 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 compensation of any employee whose weekly hours may have been reduced." Approved Code No. 52. Amendment No. 1. Registry No. 1707-03. (4) 0

PAGE 8

UNIVERSITY OF FLORIDA I I Ill llllll Ill I ll lllll l llll I I IIII III I IIII IIIIII I I 1111111111 1 1 111 3 1262 08338 087 2