Show O t Ot Would Would Increase Powers i 4 A powers tar are urged for national national national na na- na- na banks in order the contention is f put forth that these institutions may compete or ni nia a better footing with state banks The o of commerce of the United States is taking a nationwide de referendum on four proposals proposals pro pro- po ls which are ir That a national bank bank should be permitted Iv under regulation of the comptroller of the currency cur cur- cur j rency to have branches within its own city I if a state bank in the same city is permitted I I to have branches That national banks should be given indeterminate inde Inde- terminate charters subject to forfeitures for l tT cause and termination at the will of congress I t f I That national banks should be authorized to deal in investment i securities on a basis not inconsistent with the generally recognized principles prin prin- of sound banking practice t That national banks should be authorized fx J fr I to make mortgage loans on city real estate estat i f for p periods not in excess of five yea years s. s The rhe National bank act was passed in 1863 providing for the organization of the C national banking system Those agitating for changes declare the act is in need of revision in order to clarify and modernize it and bring lit it fully into alignment with the federal reserve act In recent years many of of the national banks have been attracted to organize and operate under state charters b because cause of a greater free freedom om offered I |