to the amount
invested therein.

6. Each bank having a capital exceeding $150,000 must deposit in the
treasury of the United States registered interest-bearing bonds
to an amount not less than $50,000. Those having a capital of
$150,000 or less must deposit bonds equal to one fourth of their
capital stock. Each bank may issue circulating notes to the
amount of ninety per cent. of the market value of the bonds
deposited by it, but not exceeding ninety per cent. of the par
value of the same, and not exceeding ninety per cent. of the
paid-in capital of the bank; but no bank is compelled to issue
circulating notes. No bank-notes shall be issued smaller than $5.
The notes are receivable at par for all dues to the United States
except duties on imports, and are payable for all debts owing by
the United States within the United States except interest on the
public debt and in redemption of the national currency.

7. Every bank in certain designated cities, called reserve cities,
must keep a reserve of lawful money equal to twenty five per
cent. of its deposits. All other banks must keep a like reserve
of fifteen per cent., but three fifths of the said fifteen per
cent. may consist of balances on deposit in banks approved by the
comptroller in the reserve cities.

8. Each bank must keep on deposit in the treasury of the United States
lawful money equal to five per cent. of its circulation as a fund
for redeeming the same. This five per cent. may be counted as
part of its lawful reserve. This does not relieve banks from the
duty of redeeming their notes at their own counters on demand.

9. One tenth of the net profits must be carried to the surplus fund
until it is equal to twenty per cent. of the capital.

10. A bank must not lend more than one tenth of its capital to one
person, corporation or firm, directly or indirectly, nor lend
money on the security of its own shares, nor be the purchaser or
holder of its own shares unless taken as security for a debt
previously contracted in good faith, and if so taken they must
be sold within six months under penalty of being put in
liquidation.

11. Each bank must make to the comptroller not less than five reports
each year, showing its condition at times to be designated by
him, and he may call for special reports from any particular
bank whene