COMPILED CODE - Iowa Legislature - State of Iowa

390
§ 5833-al. BANKS AND TRUST COMPANIES. Tit. XIX, Ch. 5.
18 the total amount of cash on hand and due from banks may be shown
19 in one sum.
[R., '60, § 1637; C, '73, § 1571; C, '97, § 1873; S., '13,
§ 1873; 39 G. A., ch. 71, § 1.]
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CHAPTER 5.
BANKS AND TRUST COMPANIES AS FIDUCIARIES.
SECTION 5833-al. Investments in federal reserve and farm loan
bank stock.
State banks and trust companies are hereby authorized, subject
to the approval of the superintendent of banking, to invest an amount
not exceeding ten per cent of their capital stock and surplus in the
capital stock of corporations chartered or incorporated under the provisions
of section twenty-five-a of the federal reserve act, approved
December twenty-fourth, nineteen hundred nineteen, and a like amount
in the capital stock of corporations organized under the laws of this
state for the purpose of extending credit to those engaged in agriculture
and to agricultural organizations ; provided that the said investments
by state banks and trust companies shall in no event exceed
in the aggregate twenty per cent of the capital stock and surplus of
said state bank or trust company.
[39 G. A., ch. 157, § 1.]