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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 3— FEDERAL RESERVE SYSTEM · SUBCHAPTER II— BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM · § 248–1

§ 248–1. Rules and regulations for transfer of funds and charges therefor among banks; clearing houses

297 words·~1 min read·/usc/title-12/section-248-1

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The Board of Governors of the Federal Reserve System shall make and promulgate from time to time regulations governing the transfer of funds and charges therefor among Federal reserve banks and their branches, and may at its discretion exercise the functions of a clearing house for such Federal reserve banks, or may designate a Federal reserve bank to exercise such functions, and may also require each such bank to exercise the functions of a clearing house for depository institutions. ( Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 268 ; Aug. 23, 1935, ch. 614, § 203(a) , 49 Stat. 704 ; Pub. L. 96–221, title I, § 105(d) , Mar. 31, 1980 , 94 Stat. 140 .)
Connections10 cite this · traces to 1
4 references not yet in our index
  • 38 Stat. 268
  • 49 Stat. 704
  • Pub. L. 96-221
  • 94 Stat. 140
Citation graph
cites case law
§ 248–1
Rules and regulations for transfer of funds and charges therefor among banks; clearing houses
Fed. Reg.×10
Stat.38 Stat. 268
Stat.49 Stat. 704
Pub. L.Pub. L. 96-221
Stat.94 Stat. 140
Cites 5Cited by 10 across 1 source
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