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2020 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter IX - Powers and Duties of Federal Reserve Banks
Sec. 352a - Repealed. Pub. L. 85-699, title VI, §601, Aug. 21, 1958, 72 Stat. 697

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Citation 12 U.S.C. § 352a (2020)
Section Name §352a. Repealed. Pub. L. 85–699, title VI, §601, Aug. 21, 1958, 72 Stat. 697
Repeal Summary

Section, act Dec. 23, 1913, ch. 6, §13b, as added June 19, 1934, ch. 653, §1, 48 Stat. 1105; amended Aug. 23, 1935, ch. 614, title III, §323, 49 Stat. 714, authorized Federal Reserve Banks to make loans to industrial and commercial businesses and to discount or purchase industrial obligations from financial institutions, and created an industrial advisory committee.
Editorial Notes STATUTORY NOTES AND RELATED SUBSIDIARIES EFFECTIVE DATE OF REPEAL

Pub. L. 85–699, title VI, §601, Aug. 21, 1958, 72 Stat. 697, provided that the repeal of this section is effective one year after Aug. 21, 1958.

SAVINGS PROVISION

Pub. L. 85–699, title VI, §601, Aug. 21, 1958, 72 Stat. 697, provided that the repeal of this section shall not affect the power of any Federal Reserve bank to carry out, or protect its interest under, any agreement theretofore made or transaction entered into in carrying on operations under this section.

FUND FOR MANAGEMENT COUNSELING

Pub. L. 85–699, title VI, §602(a), (b), Aug. 21, 1958, 72 Stat. 698, required Federal Reserve banks to repay to the United States certain amounts paid to them under 12 U.S.C. 352a, such amounts to be covered into a special fund for grants under section 636 of Title 15, Commerce and Trade. See text of note set out under that section.
Publication Title United States Code, 2018 Edition, Supplement 2, 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
Sec. 352a - Repealed. Pub. L. 85-699, title VI, §601, Aug. 21, 1958, 72 Stat. 697
Contains section 352a
Date 2020
Laws In Effect As Of Date January 13, 2021
Positive Law No
Disposition repealed
Statutes at Large References 48 Stat. 1105
49 Stat. 714
72 Stat. 697, 698
Public Law References Public Law 85-699
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