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12 U.S.C. § 359a — Omitted
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
#### Codification
Section, act Dec. 23, 1913, ch. 6, § 14(h), as added June 8, 1979, Pub. L. 96–18, § 2, 93 Stat. 35, which authorized the Secretary of the Treasury to borrow and sell in open market, and required the repurchase and return of obligations to Federal Reserve Banks, was effective only during the two-year period that began June 8, 1979, as provided by section 3(a) of Pub. L. 96–18.
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Source location: Title 12, Chapter 3, § 359a; chapter-003-federal-reserve-system.md
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### Statutory Notes
#### Codification
Section, act Dec. 23, 1913, ch. 6, § 14(h), as added June 8, 1979, Pub. L. 96–18, § 2, 93 Stat. 35, which authorized the Secretary of the Treasury to borrow and sell in open market, and required the repurchase and return of obligations to Federal Reserve Banks, was effective only during the two-year period that began June 8, 1979, as provided by section 3(a) of Pub. L. 96–18.
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Federal law — U.S. Code and appendices · legal_authorities
Every Federal Reserve bank shall have power:
(1) To buy and sell, at home or abroad, bonds and notes of the United States, bonds issued under the provisions of subsection (c) of section 1463 11 See References in Text note below. of this title and having maturities from date of purchase of not exceeding six months, and bills, notes, revenue bonds, and warrants with a maturity from date of purchase of not exceeding six months, issued in anticipation of the collection of taxes or in anticipation of the receipt of assured revenues by any State, county, district, political subdivision, or municipality in the continental United States, including irrigation, drainage and reclamation districts, and obligations of, or fully guaranteed as to principal and interest by, a foreign government or agency thereof, such purchases to be made in accordance with rules and regulations prescribed by the Board of Governors of the Federal Reserve System. Notwithstanding any other provision of this chapter, any bonds, notes, or other obligations which are direct obligations of the United States or which are fully guaranteed by the United States as to principal and interest may be bought and sold without regard to maturities but only in the open market.
(2) To buy and sell in the open market, under the direction and regulations of the Federal Open Market Committee, any obligation which is a direct obligation of, or fully guaranteed as to principal and interest by, any agency of the United States.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 355
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Federal law — U.S. Code and appendices · legal_authorities
Page 135
TITLE 12—BANKS AND BANKING
§§ 362 to 364
NATIONAL AGRICULTURAL CREDIT CORPORATION
Title II of the Agricultural Credits Act, act Mar. 4,
1923, title II, §§ 201–217, 42 Stat. 1461, authorized creation
of national agricultural credit corporations, prior to re-
peal by Pub. L. 86–230, Sept. 8, 1959, § 24, 73 Stat. 466.
Prior to such repeal, act June 16, 1933, § 77, 48 Stat. 292,
had prohibited the creation, after June 16, 1933, of na-
tional agricultural credit corporations authorized to be
formed under the Agricultural Credits Act.
§ 359a. Omitted
Editorial Notes
CODIFICATION
Section, act Dec. 23, 1913, ch. 6, § 14(h), as added June
8, 1979, Pub. L. 96–18, § 2, 93 Stat. 35, which authorized
the Secretary of the Treasury to borrow and sell in
open market, and required the repurchase and return of
obligations to Federal Reserve Banks, was effective
only during the two-year period that began June 8, 1979,
as provided by section 3(a) of Pub. L. 96–18.
§ 360. Receiving checks and drafts on deposit at
par; charges for collections, exchange, and
clearances
Every Federal reserve bank shall receive on
deposit at par from depository institutions or
from Federal reserve banks checks and other
items, including negotiable orders of withdrawal
and share drafts and drafts drawn upon any of
its depositors, and when remitted by a Federal
reserve bank, checks and other items, including
negotiable orders of withdrawal and share drafts
and drafts drawn by any depositor in any other
Federal reserve bank or depository institution
upon funds to the credit of said depositor in said
reserve bank or depository institution. Nothing
herein contained shall be construed as prohib-
iting a depository institution from charging its
actual expense incurred in collec
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 359a
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