Since amended by the acts from June 21, 1917 (forty Stat
Waivers. From inside the individual instances, where a national supervisory power waives an exchangeability requirement, or waives the newest penalty to possess failing to satisfy a liquidity specifications, the latest Panel shall waive the newest reserve requirement, otherwise waive the new punishment having failing woefully to see a reserve requirement, imposed pursuant to that subsection to the depository facilities inside whenever questioned by Federal supervisory expert on it.More