§ 411. Issuance to reserve banks; nature of obligation; redemption
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/usc/title-12/section-411A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.
(Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 265; Jan. 30, 1934, ch. 6, § 2(b)(1), 48 Stat. 337; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.)
Connections64 cite this · traces to 1
Cited by 64 sections · top 57
U.S. Code
- § 1441Financing Corporation
- § 5901Definitions
- § 418Printing of notes; denomination and form
- § 412Application for notes; collateral required
- § 413Distinctive letter and serial number of notes; cancellation of notes unfit for circulation; accounting; apportionment of credit among Federal Reserve banks
- § 467Deposits of gold coin, gold certificates, and Special Drawing Right certificates with United States Treasurer
- § 360Receiving checks and drafts on deposit at par; charges for collections, exchange, and clearances
- § 415Reduction of liability for outstanding notes by depositing notes and collateral and payment of notes of series prior to 1928; reissue of deposited notes
- § 416Withdrawal of collateral deposited to protect notes and substitution of other collateral; retirement of notes; payment of notes of series prior to 1928; recovery of collateral; reissue of deposited notes
- § 417Custody and safe-keeping of notes issued to and collateral deposited with Reserve agent
- § 420Control and direction of plates and dies; expense of issue and retirement of notes paid by banks
- § 414Authority of Board of Governors respecting issuance of notes; interest; lien
- § 421Examination of plates and dies
- § 348Discount of obligations given for agricultural purposes or based upon livestock; collateral security for Federal reserve notes
- § 419Delivery of notes prior to delivery to banks
public-private-law
statute-compilations
register
statutes-at-large
bill
- Sec. 205Replacing the $1 note with the $1 coin
- Sec. 205Replacing the $1 note with the $1 coin
- Sec. 301In general
- Sec. 2Definitions
- Sec. 301In general
- Sec. 2Definitions
- Sec. 2Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency
- Sec. 3Prohibition on Federal reserve banks indirectly issuing a central bank digital currency
- Sec. 2Definitions
- Sec. 2Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency
- Sec. 3Prohibition on Federal reserve banks indirectly issuing a central bank digital currency
- Sec. 2Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency
- Sec. 3Prohibition on Federal reserve banks indirectly issuing a central bank digital currency
- Sec. 2Definitions
- Sec. 2Definitions
- Sec. 602Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency
- Sec. 603Prohibition on Federal reserve banks indirectly issuing a central bank digital currency
- Sec. 602Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency
- Sec. 603Prohibition on Federal reserve banks indirectly issuing a central bank digital currency
- Sec. 5102Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency
- Sec. 5103Prohibition on Federal reserve banks indirectly issuing a central bank digital currency
- Sec. 2Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency
- Sec. 3Prohibition on Federal reserve banks indirectly issuing a central bank digital currency
- Sec. 2Definitions
- Sec. 2Definitions
- Sec. 2Definitions
- Sec. 2Definitions
- Sec. 2Definitions
- Sec. 2Definitions
- Sec. 202Prohibition on Federal reserve banks relating to certain products or services for individuals and prohibition on directly issuing a central bank digital currency
- Sec. 203Prohibition on Federal reserve banks indirectly issuing a central bank digital currency
Traces to 1 document
U.S. Code
10 references not yet in our index
- Dec. 23, 1913, ch. 6, § 16
- 38 Stat. 265
- Jan. 30, 1934, ch. 6, § 2(b)(1)
- 48 Stat. 337
- Aug. 23, 1935, ch. 614
- 49 Stat. 704
- Pub. L. 90–269
- 82 Stat. 50
- act June 26, 1934, ch. 756, § 1(a)
- 48 Stat. 1225
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§ 411
Issuance to reserve banks; nature of obligation; redemption
Bills×31
U.S.C.×17
Fed. Reg.×11
Stat. Comp.×2
Stat.×2
Pub. L.×1
ActDec. 23, 1913, ch. 6, § 16
Stat.38 Stat. 265
ActJan. 30, 1934, ch. 6, § 2(b)(1)
Stat.48 Stat. 337
ActAug. 23, 1935, ch. 614
Cites 11 · showing 6Cited by 64 across 6 sources