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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 3— FEDERAL RESERVE SYSTEM · SUBCHAPTER XIV— BANK RESERVES · § 466

§ 466. Reserves of banks in dependencies or insular possessions

291 words·~1 min read·/usc/title-12/section-466

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

National banks, or banks organized under local laws, located in a dependency or insular possession or any part of the United States outside the continental United States, may remain nonmember banks, and shall in that event maintain reserves and comply with all the conditions now provided by law regulating them; or said banks may with the consent of the Board of Governors of the Federal Reserve System, become member banks of any one of the reserve districts, and shall in that event take stock, maintain reserves, and be subject to all the other provisions of this chapter.
(Dec. 23, 1913, ch. 6, § 19(h), formerly § 19 (par. 11), 38 Stat. 270; Aug. 15, 1914, ch. 252, 38 Stat. 692; June 21, 1917, ch. 32, § 10, 40 Stat. 240; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704; Pub. L. 86–70, § 8(b), June 25, 1959, 73 Stat. 142; renumbered § 19(h), Pub. L. 89–597, § 2(b), Sept. 21, 1966, 80 Stat. 824.)
Connections7 cite this · traces to 1
16 references not yet in our index
  • Dec. 23, 1913, ch. 6, § 19(h)
  • 38 Stat. 270
  • Aug. 15, 1914, ch. 252
  • 38 Stat. 692
  • June 21, 1917, ch. 32, § 10
  • 40 Stat. 240
  • Aug. 23, 1935, ch. 614
  • 49 Stat. 704
  • Pub. L. 86–70, § 8(b)
  • 73 Stat. 142
  • Pub. L. 89–597, § 2(b)
  • 80 Stat. 824
  • act Dec. 23, 1913, ch. 6
  • 38 Stat. 251
  • Pub. L. 89–597
  • Pub. L. 86–70
Citation graph
cites case law
§ 466
Reserves of banks in dependencies or insular possessions
Fed. Reg.×2
Stat.×2
C.F.R.×1
Stat. Comp.×1
U.S.C.×1
ActDec. 23, 1913, ch. 6, § 19(h)
Stat.38 Stat. 270
ActAug. 15, 1914, ch. 252
Stat.38 Stat. 692
ActJune 21, 1917, ch. 32, § 10
Cites 17 · showing 6Cited by 7 across 5 sources
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