2017 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter VIII - State Banks as Members of System
Sec. 335 - Dealing in investment securities; limitations and conditions
| 12 U.S.C. § 335 (2017) |
| §335. Dealing in investment securities; limitations and conditions |
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State member banks shall be subject to the same limitations and conditions with respect to the purchasing, selling, underwriting, and holding of investment securities and stock as are applicable in the case of national banks under paragraph "Seventh" of section 24 of this title. This section shall not apply to any interest held by a State member bank in accordance with section 24a of this title and subject to the same conditions and limitations provided in such section. |
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(Dec. 23, 1913, ch. 6, §9 (par.), as added June 16, 1933, ch. 89, §5(c), 48 Stat. 165; amended Pub. L. 106–102, title I, §121(d)(2), Nov. 12, 1999, 113 Stat. 1381.) |
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CODIFICATION
Section is comprised of the twentieth par. of section 9 of act Dec. 23, 1913, as amended. The twentieth par. constituted the eighteenth par. of section 9 in 1933 (48 Stat. 16), became the nineteenth par. in 1935 (49 Stat. 704), and became the twentieth par. in 1950 (64 Stat. 458). For further details, see Codification notes set out under sections 321 and 329a of this title. AMENDMENTS1999—Pub. L. 106–102 inserted at end "This section shall not apply to any interest held by a State member bank in accordance with section 24a of this title and subject to the same conditions and limitations provided in such section." EFFECTIVE DATE OF 1999 AMENDMENTAmendment by Pub. L. 106–102 effective 120 days after Nov. 12, 1999, see section 161 of Pub. L. 106–102, set out as a note under section 24 of this title. |
| United States Code, 2012 Edition, Supplement 5, 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 VIII - STATE BANKS AS MEMBERS OF SYSTEM Sec. 335 - Dealing in investment securities; limitations and conditions |
| section 335 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 48 Stat. 165, 16 49 Stat. 704 64 Stat. 458 113 Stat. 1381 |
| Public Law 106-102 |
