Section, [act Dec. 23, 1913, ch. 6, § 19(i)], formerly § 19 par. (12), as added [June 16, 1933, ch. 89, § 11(b)], [48 Stat. 181]; amended [Aug. 23, 1935, ch. 614], title III, § 324(c), [49 Stat. 714]; Proc. No. 2695, eff. July 4, 1946, 11 F.R. 7517, [60 Stat. 1352]; renumbered § 19(i), [Pub. L. 89–597, § 2(b)], Sept. 21, 1966, [80 Stat. 824]; [Pub. L. 96–161, title I, § 101(a)], Dec. 28, 1979, [93 Stat. 1233]; [Pub. L. 96–221, title III], §§ 302(a), 307, Mar. 31, 1980, [94 Stat. 145], 147, prohibited member banks from paying interest on any deposit payable on demand but included savings provisions and exceptions.
Effective Date of Repeal
[Pub. L. 111–203, title VI, § 627(b)], July 21, 2010, [124 Stat. 1640], provided that: “The amendments made by subsection (a) [amending sections 1464 and 1828 of this title and repealing this section] shall take effect 1 year after the date of the enactment of this Act [July 21, 2010].”
