FEDERAL · 12 U.S.C. · Chapter 3
Purchase of commercial paper from member banks and sale of same
Current through Pub. L. 119-102
Every Federal reserve bank shall have power to purchase from member banks and to sell, with or without its indorsement, bills of exchange arising out of commercial transactions, as hereinbefore defined.
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12 U.S.C. § 356 (Purchase of commercial paper from member banks and sale of same) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Source Credit
History
(Dec. 23, 1913, ch. 6, §14(c), 38 Stat. 264.)
Editorial Notes
Editorial Notes
Codification
Section is comprised of subsec. (c) of section 14 of act Dec. 23, 1913. For classification to this title of remainder of section 14, see Codification note under section 353 of this title.
Codification
Section is comprised of subsec. (c) of section 14 of act Dec. 23, 1913. For classification to this title of remainder of section 14, see Codification note under section 353 of this title.