FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER IX—POWERS AND DUTIES OF FEDERAL RESERVE BANKS
Transactions involving gold coin, bullion, and certificates
12 U.S.C. § 354
Title12 — Banks and Banking
ChapterSUBCHAPTER IX—POWERS AND DUTIES OF FEDERAL RESERVE BANKS
This text of 12 U.S.C. § 354 (Transactions involving gold coin, bullion, and certificates) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 354.
Text
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.
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Related
Howe v. Bank for International Settlements
194 F. Supp. 2d 6 (D. Massachusetts, 2002)
Source Credit
History
(Dec. 23, 1913, ch. 6, §14(a), 38 Stat. 264.)
Editorial Notes
Editorial Notes
Codification
Section 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.
Codification
Section 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.
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Bluebook (online)
12 U.S.C. § 354, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/354.