2016 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter IX - Powers and Duties of Federal Reserve Banks
Sec. 352 - Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
| 12 U.S.C. § 352 (2016) |
| §352. Limitation on amount of obligations of certain maturities which may be discounted and rediscounted |
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The Board of Governors of the Federal Reserve System may, by regulation, limit to a percentage of the assets of a Federal reserve bank the amount of notes, drafts, acceptances, or bills having a maturity in excess of three months, but not exceeding six months, exclusive of days of grace, which may be discounted by such bank, and the amount of notes, drafts, bills, or acceptances having a maturity in excess of six months, but not exceeding nine months, which may be rediscounted by such bank. |
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(Dec. 23, 1913, ch. 6, §13A (par.), formerly §13a, as added Mar. 4, 1923, ch. 252, title IV, §404, 42 Stat. 1480; amended Aug. 23, 1935, ch. 614, title II, §203(a), 49 Stat. 704; renumbered §13A, Pub. L. 102–242, title I, §142(e)(1), Dec. 19, 1991, 105 Stat. 2281.) |
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CODIFICATION
Section is comprised of fifth par. of section 13A, formerly section 13a, as added Mar. 4, 1923. Pars. 1 to 4 of section 13A are set out as sections 348, 349 to 351 of this title, respectively. CHANGE OF NAMESection 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System. |
| United States Code, 2012 Edition, Supplement 4, 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. 352 - Limitation on amount of obligations of certain maturities which may be discounted and rediscounted |
| section 352 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 42 Stat. 1480 49 Stat. 704 105 Stat. 2281 |
| Public Law 102-242 |
