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2021 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter IX - Powers and Duties of Federal Reserve Banks
Sec. 354 - Transactions involving gold coin, bullion, and certificates
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| 12 U.S.C. § 354 (2021) |
| §354. Transactions involving gold coin, bullion, and certificates |
|
Every Federal reserve bank shall have power to deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion, giving therefor, when necessary, acceptable security, including the hypothecation of United States bonds or other securities which Federal reserve banks are authorized to hold. |
|
(Dec. 23, 1913, ch. 6, §14(a), 38 Stat. 264.) |
| EDITORIAL NOTES
CODIFICATION
Section is comprised of subsec. (a) of section 14 of act Dec. 23, 1913. For classification to this title of remainder of section 14, see Codification note set out under section 353 of this title. |
| United States Code, 2018 Edition, Supplement 3, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 3 - FEDERAL RESERVE SYSTEM SUBCHAPTER IX - POWERS AND DUTIES OF FEDERAL RESERVE BANKS Sec. 354 - Transactions involving gold coin, bullion, and certificates |
| section 354 |
| 2021 |
| January 3, 2022 |
| No |
| standard |
| 38 Stat. 264 |
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