National Banks

Wagner, Dep. Att’y-Gen.,

I beg to acknowledge receipt of your letter of March 16th, addressed tos the Attorney-General, in which you request that you be advised whether a national bank with a paid-up capital of less than $125,000 has the right to engage in fiduciary business in Pennsylvania, provided its permit so to do was granted by the Federal Reserve Board under section 11 (k) of the Federal Reserve Act as originally enacted by the Act of Congress of Dec. 23, 1913, and prior to the amendment of said section 11 (k) by the Act of Congress of Sept. 26, 1918, ch. 177, § 2, 40 Stat. at L. 968.

Se…