President Obama recently proposed changes to United States laws about banks and banking, e.g., “Obama Proposes Tough Limits on Largest Banks.” His proposals have provoked a variety of reactions, e.g., “Obama’s Move to Limit ‘Reckless Risks’ Has Skeptics,” “Frank Says Obama Bank Plan Could Be Law within Months,” and “Obama Proposal to Curb Banks Dominates, Divides Davos Debates.”
Works on United States laws and regulations about banks and banking are classed in 346.73082 United States law of banks (built with 346 Private law plus T2—73 United States plus 082 from 346.082 Banks, which has the class-here note “Class here banking,” following the add note at 346.3–346.9 Specific jurisdictions and areas). Examples of works classed in 346.73082 are Banks and Their Customers (from a “Law for the Layperson” series) and Federal Banking Law and Regulations: A Handbook for Lawyers.
How does a classifier find the add note at 346.3–346.9 Specific jurisdictions and areas? One way is to follow the do-not-use note at 346[.0093–346.0099] Private law of specific continents, countries, localities: “Do not use; class in 346.3–346.9.” Another way is to follow the add footnote at 346.082: “Add as instructed under 342–347.” In the add table under 342–347 Branches of law at 093–099 Treatment by limited area within a jurisdiction is the note: “Law limited to a specific jurisdiction or area is classed under the jurisdiction before indicating the subject of a branch of law, e.g., criminal courts of Australia 345.9401, not 345.01094. Further instructions are given under 342–349.” General instructions on how to build law numbers are given under 342–349 Branches of law; laws, regulations, cases; law of specific jurisdictions, areas, socioeconomic regions.
In WebDewey the number for U. S. law of banks is already built; the built number can be found, for example, by browsing in the Relative Index:
Banks (Finance)—law—United States 346.73082
A cataloger who finds the built number 346.73082 and wonders how it was built can go to the record for the number, then click 346.3–346.9 Specific jurisdictions and areas in the upward hierarchy to find the add note.
The current banking law has implemented a new Act, the Bank Secrecy Act, where the Bank is required to aid government agencies to make note of and prevent money laundering. The act requires all banks and financial institutions to keep an account of cash purchases of unfixed instruments, file reports of cash dealings exceeding $10,000, and to report doubtful activity that might indicate money laundering, tax elusion, or other criminal actions.
Posted by: Smith | May 07, 2010 at 11:53 PM