§ 352. Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
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/usc/title-12/section-352A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Board of Governors of the Federal Reserve System may, by regulation, limit to a percentage of the assets of a Federal reserve bank the amount of notes, drafts, acceptances, or bills having a maturity in excess of three months, but not exceeding six months, exclusive of days of grace, which may be discounted by such bank, and the amount of notes, drafts, bills, or acceptances having a maturity in excess of six months, but not exceeding nine months, which may be rediscounted by such bank.
(Dec. 23, 1913, ch. 6, § 13A (par.), formerly § 13a, as added Mar. 4, 1923, ch. 252, title IV, § 404, 42 Stat. 1480; amended Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704; renumbered § 13A, Pub. L. 102–242, title I, § 142(e)(1), Dec. 19, 1991, 105 Stat. 2281.)
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- Dec. 23, 1913, ch. 6, § 13A
- Mar. 4, 1923, ch. 252
- 42 Stat. 1480
- Aug. 23, 1935, ch. 614
- 49 Stat. 704
- Pub. L. 102–242, title I, § 142(e)(1)
- 105 Stat. 2281
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§ 352
Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
Stat. Comp.×1
ActDec. 23, 1913, ch. 6, § 13A
ActMar. 4, 1923, ch. 252
Stat.42 Stat. 1480
ActAug. 23, 1935, ch. 614
Stat.49 Stat. 704
Cites 7 · showing 5Cited by 1 across 1 source