A nonnational member of a Federal Reserve bank may return to its original status as a nonmember or outside institution in any one of several ways It may consolidate with another under a new charter, or it may be called upon by the Reserve Board to forfeit its membership because of failure to comply with law or regulations, or it may simply withdraw. In the last-named event it gives notice to the board six months in advance, and in the ordinary course its stock is canceled and it receives back an amount equal to its paid-up subscription, plus one-half of one per cent per month from the date of the latest Reserve bank dividend (not exceeding book value) plus the net worth of its reserve account. Some small companies have already gone into and out of the Reserve system one or more times, as they felt that their interests seemed to dictate. The operation involves little or no difficulty or apparent loss of credit. It has thus far never been necessary to expel a member, but some institutions which have withdrawn probably could not regain admission without further changes in their methods or their holding of paper. As in most organizations, it is easier to remain a member than to withdraw and later regain membership.