ALBERT C. RITCHIE, GOVERNOR. 103

time to time, to accept the benefits of said Act and per-
form the corresponding obligations imposed by said Act
which are applicable.

SECTION 1. Be it enacted by the General Assembly of
Maryland, That a new section be and the same is hereby
added to Article 11 of the Code of Public General Laws of
Maryland, title "Banks and Trust Companies, " the said
section to follow immediately after Section 64A, under sub-
title "General Regulations, " to be known as Section 64B,
and to read as follows:

64B. Every banking institution, as defined in Section
52 of this Article, heretofore or hereafter organized under
the laws of this State, is specially granted the power and
authority, if the action is approved by a vote of a majority
of its Board of Directors, to become a member of the Tem-
porary Federal Deposit Insurance Fund and/or to become
a member of the Federal Deposit Insurance Corporation,
and/or to make all required payments into said Insurance
Fund and/or from time to time to subscribe and pay for
stock of the Federal Deposit Insurance Corporation and/or
to pay to such Corporation any proper assessment made by
it upon its stockholders or members from time to time, and
from time to time to subscribe and pay for stock of the Fed-
eral Reserve Bank, and to comply with the provisions, which
may be applicable to such banking institutions, contained in
the "Banking Act of 1933" passed by the Congress of the
United States and approved June 16th, 1933, and any
amendment or amendments hereafter made thereto, and
every such banking institution is likewise authorized and
permitted if such action is approved by a vote of a majority
of its Board of Directors, to withdraw from the Temporary
Federal Deposit Insurance Fund and/or the Federal De-
posit Insurance Corporation and/or the Federal Reserve
System, and to sell and dispose of any stock that it may own
in any Federal Reserve Bank and in said Federal Deposit
Insurance Corporation in accordance with the provisions
of said "Banking Act of 1933, " or any amendment or
amendments hereafter made thereto, and generally, every
such banking institution is authorized and empowered to
from time to time accept the benefits conferred by said
"Banking Act of 1933" or any amendment or amendments
hereafter made thereto, and to perform the corresponding
obligations imposed by said Act or any amendment or
amendments hereafter made thereto which are applicable
to such banking institution, and from time to time to do, or