2020 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter XIV - Bank Reserves
Sec. 465 - Basis for ascertaining deposits against which required balance is determined
| 12 U.S.C. § 465 (2020) |
| §465. Basis for ascertaining deposits against which required balance is determined |
|
In estimating the reserve balances required by this chapter, member banks may deduct from the amount of their gross demand deposits the amounts of balances due from other banks (except Federal Reserve banks and foreign banks) and cash items in process of collection payable immediately upon presentation in the United States, within the meaning of these terms as defined by the Board of Governors of the Federal Reserve System. |
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(Dec. 23, 1913, ch. 6, §19(g), formerly §19 (par. 10), 38 Stat. 270; Aug. 15, 1914, ch. 252, 38 Stat. 692; June 21, 1917, ch. 32, §10, 40 Stat. 240; Aug. 23, 1935, ch. 614, title III, §324(b), 49 Stat. 714; renumbered §19(g), Pub. L. 89–597, §2(b), Sept. 21, 1966, 80 Stat. 824.) |
| EDITORIAL NOTES
REFERENCES IN TEXT
This chapter, referred to in text, was in the original "this Act", meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251, as amended, known as the Federal Reserve Act. For complete classification of this Act to the Code, see References in Text note set out under section 226 of this title and Tables. CODIFICATIONSection is comprised of subsec. (g), formerly tenth par., of section 19 of act Dec. 23, 1913, as redesignated by Pub. L. 89–597. AMENDMENTS1935—Act Aug. 23, 1935, changed method of estimating reserve balances. |
| United States Code, 2018 Edition, Supplement 2, 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 XIV - BANK RESERVES Sec. 465 - Basis for ascertaining deposits against which required balance is determined |
| section 465 |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 38 Stat. 270, 692, 251 40 Stat. 240 49 Stat. 714 80 Stat. 824 |
| Public Law 89-597 |
