In acting upon such applications the Board of Governors of the Federal Reserve System shall consider the financial condition of the applying bank, the general character of its management, and whether or not the corporate powers exercised are consistent with the purposes of this chapter.
Title 12
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12 U.S.C. § 322.Chapter 3
§ 322
Determination on application
Title 12
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Subchapter: STATE BANKS AS MEMBERS OF SYSTEM
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