FEDERAL · 12 U.S.C. · Chapter SUBCHAPTER IX—POWERS AND DUTIES OF FEDERAL RESERVE BANKS
Purchase of commercial paper from member banks and sale of same
12 U.S.C. § 356
Title12 — Banks and Banking
ChapterSUBCHAPTER IX—POWERS AND DUTIES OF FEDERAL RESERVE BANKS
This text of 12 U.S.C. § 356 (Purchase of commercial paper from member banks and sale of same) 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. § 356.
Text
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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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.
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Bluebook (online)
12 U.S.C. § 356, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/356.