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a citizen's law index

Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 3— FEDERAL RESERVE SYSTEM · SUBCHAPTER XIV— BANK RESERVES · § 463

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§ 463. Limitation on amount of balance with any depository institution without access to Federal Reserve advances

297 words·~1 min read·/usc/title-12/section-463

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

No member bank shall keep on deposit with any depository institution which is not authorized to have access to Federal Reserve advances under section 347b 1 of this title a sum in excess of 10 per centum of its own paid-up capital and surplus.

(Dec. 23, 1913, ch. 6, § 19(e), formerly § 19 (par. 8), 38 Stat. 270; Aug. 15, 1914, ch. 252, 38 Stat. 691; June 21, 1917, ch. 32, § 10, 40 Stat. 239; renumbered § 19(e), Pub. L. 89–597, § 2(b), Sept. 21, 1966, 80 Stat. 824; Pub. L. 96–221, title I, § 105(e), Mar. 31, 1980, 94 Stat. 140.)

Connections3 cite this · traces to 3

Cited by 3 sections

U.S. Code

§ 374
Acting as agent for nonmember bank in getting discounts from reserve bank

statutes-at-large

Public Law 96–221
To facilitate the implementation of monetary policy, to provide for the gradual elimination of all limitations on the rates of interest which are payable on deposits and accounts, and to authorize interest-bearing transaction accounts, and for other purposes

statute-compilations

Sec. 19
**[**Definition of terms**]**

Traces to 3 documents

U.S. Code

16 references not yet in our index

1
Dec. 23, 1913, ch. 6, § 19(e)
38 Stat. 270
Aug. 15, 1914, ch. 252
38 Stat. 691
June 21, 1917, ch. 32, § 10
40 Stat. 239
Pub. L. 89–597, § 2(b)
80 Stat. 824
Pub. L. 96–221, title I, § 105(e)
94 Stat. 140
Pub. L. 102–242, title I, § 142(a)(2)
105 Stat. 2279
Pub. L. 89–597
Pub. L. 96–221
section 108 of Pub. L. 96–221

Citation graph

cites case law

§ 463

Limitation on amount of balance with any depository institution without access to Federal Reserve advances

Stat. Comp.×1

Stat.×1

U.S.C.×1

Cite1

ActDec. 23, 1913, ch. 6, § 19(e)

Stat.38 Stat. 270

ActAug. 15, 1914, ch. 252

Stat.38 Stat. 691

Cites 19 · showing 8Cited by 3 across 3 sources