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 REGULATIONS GOVERNING THE PLACING OF AND THE ACCOUNT- 
 ING FOR THE J^N-RVS OF THE FIVE CIVILIZED TRIBES TO BE 
 DEPOSITED IN NATIONAL AND STATE BANKS IN OKLAHOMA, 
 UNDER THE PROVISIONS OF THE ACT OF CONGRESS APPROVED 
 MARCH 3, 1911, AND DECISION OF COMPTROLLER OF THE 
 TREASURY DATED OCTOBER 12, 1911. 
 
 Section 1. The act of March 3, 1911 (36 Stats. L., 1058-1070), 
 provides as follows : 
 
 The net receipts from the sales of surplus and unallotted lands and other 
 tribal property belonging to any of the Five Civilized Tribes, after deducting 
 the necessary expense of advertising and sale, may be deposited in national or 
 State baijks in the State of Oklahoma in the discretion of the Set."retary of the 
 Interior, such depositories to be designated by him under such rules and regu- 
 lations governing the rate of interest thereon, the time of deposit and with- 
 drawal thereof, and the security therefor as he may prescribe. The interest 
 accruing on such funds may be used to defray the expense of the per capita 
 payments of such funds. 
 
 Sec. 2. Any national bank in the State of Oklahoma wishing to 
 be designated as a depository for the.se funds shall submit an appli- 
 cation to the commissioner of the Five Civilized Tribes, Muskogee, 
 Okla., or to such other officer as may be designated by the Secretary 
 of the Interior, stating the amount of deposit desired and the rate 
 of interest it proposes to pay, such interest to be credited semi- 
 annualh\ Each such application must be accompanied by a state- 
 ment of the financial condition of the bank ; also a statement showing 
 the amount of Indian moneys and Government funds on deposit 
 therein. Such application, with accompanying papers, will be sub- 
 mitted through the Commissioner of Indian Affairs to the Secretary 
 of the Interior, who will determine whether the applicant bank 
 shall be designated as a depository for these funds and the maximum 
 amount of deposit to be made. 
 
 Sec. 3. After such designation and the filing of satisfactory bond 
 or bonds in an amount equal to the maximum sum to be deposited, 
 plus 10 per cent, to be approved, both as to form and as to responsi- 
 bility of sureties, by the Secretary of the Interior, deposits will be 
 
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 placed in banks so selected, from time to time, as conditions may 
 warrant. 
 
 In order to equalize the interest earnings so far as practicable, the 
 funds of each tribe will be placed in equal amounts in the available 
 depositories paying the highest rate of interest at the time the deposit 
 is made. 
 
 Sec. 4. Banks receiving these funds are not United States De- 
 positaries, and are considered merely as holding banks for the funds 
 designated under the provisions of the act of Congress March 3, 
 1911, supra. 
 
 Sec. 5. All such deposits shall be in the name of the United States 
 as trustee, and carried and accounted for under the titles indicated 
 in notice of the Commissioner of Indian Affairs sent upon issuance 
 of requisition. 
 
 Sec. 6. Such deposits shall bear interest from the date of deposit 
 at the rates stipulated in the bond, and all interest accruing up to 
 and including December 31 and June 30 of each year shall be cred- 
 ited on those dates to the United States as trustee for the respec- 
 tive tribes, and carried under a separate title as interest on the fund 
 upon which it has accrued. 
 
 The interest accounts thus created shall bear interest the same as 
 the jDrincipal account. 
 
 Sec. 7. Deposits, made in the fiscal year ending June 30, 1912, will 
 be with the expectation and intent that they shall remain for at 
 least one year, and those made after that time shall be with the 
 expectation that they shall remain at least six months, unless other- 
 wise specifically designated. 
 
 Any such deposits and interest thereon to date of withdrawal, or 
 any part thereof, may, however, be withdrawn at any time by direc- 
 tion of the Secretary of the Interior without prior notice thereof. 
 
 Sec. 8. Section 3622, Revised Statutes of the United States, pro- 
 vides, in part, as follows : 
 
 Every officer or agent of the United States who receives public money which 
 he is not autliorized to retain as salary, pay, or emolument, shall render his 
 accounts monthly. Such accounts, with the vouchers necessary to the correct 
 and prompt settlement thereof shall be sent by mail or otherwise to the 
 bureau to which they pertain, within 10 days after the expiration of each 
 successive month, and after examination there shall be passed to the proper 
 accounting officer of the Treasury for settlement. 
 
 The banks designated are considered fiscal officers, and their ac- 
 counts shall be rendered monthly to the Commissioner of Indian 
 Affairs, Washington, D. C, as provided in the section above quoted, 
 in accordance with prescribed forms obtainable on request from the 
 Commissioner of the Five Civilized Tribes, Muskogee, Okla. 
 
These accounts will consist of an account current, on which sliall 'T)jo^'C 
 36 shown in detail all funds received during the period and deposits 
 nade with the Assistant Treasurer of the United States, St. Louis, 
 Mo., to the credit of the United States or to any of its bonded dis- 
 3ursing officers. 
 
 The date of receipt of warrant by the holding- bank must be shown 
 in each case, and deposits by the holding banks, as provided in sec- 
 tions T and 9 of these regulations, shall be evidenced by the original 
 certificate of deposit issued by the Assistant Treasurer of the United 
 States, St. Louis, Mo. 
 
 Sec. 9. Funds will be remitted to the various bonded banks on 
 requisition of the SecretaiT of the Interior, accountable warrant 
 therefor being issued direct to the holding bank, such holding banks 
 rendering their account as indicated in section 3622, Revised Statutes 
 of the United States, quoted above, and in section 8 of these regula- 
 tions. This api^lies to funds now on deposit in the Treasury of the 
 United States or hereafter deposited there. 
 
 Hereafter all such funds, collected through a disbursing officer of 
 the Lidian Service, shall be deposited direct in the available holding 
 banks, if any, by the disbursing officer, whenever so ordered by the 
 Commissioner of Indian Affairs. If no holding bank is available, 
 the funds may be deposited with the Assistant Treasurer of the 
 United States, St. Louis, Mo., to the credit of the United States, if 
 30 directed by the Commissioner of Indian Affairs. Such disbursing 
 officer will be relieved in his accounts upon filing the certificate of 
 deposit of the holding bank or of the Subtreasury, and at the time 
 of making the deposit shall designate to the holding bank or Sub- 
 treasury the title of the fund so deposited. The holding bank will 
 take up in its accounts such funds under the same provisions and 
 regulations as have been set out herein governing the funds placed 
 direct from the Treasury Department. 
 
 Sec. 10. Withdrawals of these funds shall be effected by the order 
 3f the Secretary of the Interior, directing the funds so withdrawn to 
 3e placed with the Assistant Treasurer of the United States, St. Louis, 
 Mo., to the credit of the United States or a bonded disbursing officer, 
 IS he may direct. 
 
 Wlien the amount of funds deposited in any holding bank, together 
 svith interest accruals or interest to accrue prior to the next interest 
 Deriod, shall exceed the amount of bond furnished by the bank, such 
 Dank shall deposit, without demand, sufficient funds to allow the 
 iccrual of interest on the next interest period to be stated, so that the 
 imount of the bond shall not be exceeded by the interest and prin- 
 jipal combined. This deposit shall be made to the credit of the 
 
United States with the Assistant Treasurer of the United States at 
 St. Louis, Mo., designating the funds so deposited. 
 
 Sec. 11. Any regulations or part of regulations, heretofore issued, 
 in conflict with these regulations, are hereby revoked. 
 
 F. H. Abbott, 
 Acting Commissioner of Indian Affairs. 
 Approved. 
 October 27, 1911. 
 
 Carmi a. Thompson, 
 
 Acting Secretary of the Interior. 
 
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GENERAL LIBRARY - U.C. BERKELEY 
 
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