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2010 US Code
Title 12 - BANKS AND BANKING
CHAPTER 3 - FEDERAL RESERVE SYSTEM
SUBCHAPTER IX - POWERS AND DUTIES OF FEDERAL RESERVE BANKS
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Publication Title | United States Code, 2006 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 12 - BANKS AND BANKING CHAPTER 3 - FEDERAL RESERVE SYSTEM SUBCHAPTER IX - POWERS AND DUTIES OF FEDERAL RESERVE BANKS |
Contains | sections 341 to 364 |
Date | 2010 |
Laws in Effect as of Date | January 7, 2011 |
Positive Law | No |
Disposition | standard |
- Sec. 341 - General enumeration of powers
- Sec. 342 - Deposits; exchange and collection; member and nonmember banks or other depository institutions; charges
- Sec. 343 - Discount of obligations arising out of actual commercial transactions
- Sec. 344 - Discount or purchase of bills to finance agricultural shipments
- Sec. 345 - Rediscount of notes, drafts, and bills for member banks; limitation of amount
- Sec. 346 - Discount of acceptances
- Sec. 347 - Advances to member banks on their notes
- Sec. 347a - Advances to member bank groups; inadequate amounts of eligible and acceptable assets; liability of individual banks in group; distribution of loans among banks of group; rate of interest; notes accepted for advances as collateral security for Federal reserve notes; foreign obligations as security for advances
- Sec. 347b - Advances to individual member banks on time or demand notes; maturities; time notes secured by mortgage loans covering one-to-four family residences
- Sec. 347c - Advances to individuals, partnerships, and corporations; security; interest rate
- Sec. 347d - Transactions between Federal Reserve banks and branch or agency of foreign bank; matters considered
- Sec. 348 - Discount of obligations given for agricultural purposes or based upon livestock; collateral security for Federal reserve notes
- Sec. 348a - Transactions with foreign banks; supervision of Board of Governors of the Federal Reserve System
- Sec. 349 - Rediscount for intermediate credit banks of obligations given for agricultural purposes; discount of notes made pursuant to section 1031
- Sec. 350 - Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations
- Sec. 351 - Obligations of cooperative marketing association as issued or drawn for agricultural purposes
- Sec. 352 - Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
- Sec. 352a - Repealed. Pub. L. 85-699, title VI, ยง601, Aug. 21, 1958, 72 Stat. 697
- Sec. 353 - Purchase and sale of cable transfers, acceptances and bills
- Sec. 354 - Transactions involving gold coin, bullion, and certificates
- Sec. 355 - Purchase and sale of obligations of National, State, and municipal governments; open market operations; purchases and sales from or to United States; maximum aggregate amount of obligations acquired directly from or loaned directly to United States
- Sec. 356 - Purchase of commercial paper from member banks and sale of same
- Sec. 357 - Establishment of rates of discount
- Sec. 358 - Establishment of accounts for purposes of open-market operations; correspondents and agencies
- Sec. 359 - Purchase and sale of acceptances of intermediate credit banks and agricultural credit corporations
- Sec. 359a - Omitted
- Sec. 360 - Receiving checks and drafts on deposit at par; charges for collections, exchange, and clearances
- Sec. 361 - Bills receivable, bills of exchange, acceptances; regulations by Board of Governors
- Secs. 362 to 364 - Omitted
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