1994 US Code
Title 12 - BANKS AND BANKING
CHAPTER 2 - NATIONAL BANKS
SUBCHAPTER IX_2 - SUBCHAPTER IX-POWERS AND DUTIES OF FEDERAL RESERVE BANKS
Sec. 354 - Transactions involving gold coin, bullion, and certificates
View Metadata| Publication Title | United States Code, 1994 Edition, 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 2 - NATIONAL BANKS SUBCHAPTER IX_2 - SUBCHAPTER IX-POWERS AND DUTIES OF FEDERAL RESERVE BANKS Sec. 354 - Transactions involving gold coin, bullion, and certificates |
| Contains | section 354 |
| Date | 1994 |
| Laws in Effect as of Date | January 4, 1995 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Dec. 23, 1913, ch. 6, §14(a), 38 Stat. 264. |
| Statutes at Large Reference | 38 Stat. 264 |
§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.)
CodificationSection 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.
Cross ReferencesGold coinage discontinued, see section 5112 of Title 31, Money and Finance.
Section Referred to in Other SectionsThis section is referred to in sections 263, 412 of this title.
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