§ 354. Transactions involving gold coin, bullion, and certificates

115 words·~1 min read·/usc/title-12/section-354

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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.

(Dec. 23, 1913, ch. 6, § 14(a), 38 Stat. 264.)

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Sec. 14
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U.S. Code

Purchase and sale of cable transfers, acceptances and bills
§ 353

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Dec. 23, 1913, ch. 6, § 14(a)
38 Stat. 264

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§ 354

Transactions involving gold coin, bullion, and certificates

Stat. Comp.×1

U.S.C.§ 353

ActDec. 23, 1913, ch. 6, § 14(a)

Stat.38 Stat. 264

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