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12 U.S.C. § 581 — Repealed. June 25, 1948, ch. 645, § 21, 62 Stat. 862, eff. Sept. 1, 1948
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, R.S. § 5187, related to unauthorized issue of circulating notes. See [section 334 of Title 18](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section334&num=0&edition=prelim), Crimes and Criminal Procedure.
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Source file: Laws/federal/codes/united-states-code/title-12/section-581-repealed-june-25-1948-ch-645-21-62-stat-862-eff-sept-1-1948--86c01b9d8c.md
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Source location: Title 12, Chapter 5, § 581; chapter-005-crimes-and-offenses.md
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### Statutory Notes
Section, R.S. § 5187, related to unauthorized issue of circulating notes. See [section 334 of Title 18](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title18-section334&num=0&edition=prelim), Crimes and Criminal Procedure.
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Federal law — U.S. Code and appendices · legal_authorities
Whoever, being a Federal Reserve Agent, or an agent or employee of such Federal Reserve Agent, or of the Board of Governors of the Federal Reserve System, issues or puts in circulation any Federal Reserve notes, without complying with or in violation of the provisions of law regulating the issuance and circulation of such Federal Reserve notes; or
Source: Supplied U.S. Code snapshot — release unconfirmed · 18 U.S.C. § 334
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Federal law — U.S. Code and appendices · legal_authorities
Page 183
TITLE 12—BANKS AND BANKING
§§ 591 to 599
Sec.
583 to 588d. Repealed.
SUBCHAPTER II—FEDERAL RESERVE AND MEM-
BER BANKS, OFFICERS, EMPLOYEES, AND EX-
AMINERS
591 to 599. Repealed.
SUBCHAPTER I—IN GENERAL
§ 581. Repealed. June 25, 1948, ch. 645, § 21, 62
Stat. 862, eff. Sept. 1, 1948
Section, R.S. § 5187, related to unauthorized issue of
circulating notes. See section 334 of Title 18, Crimes
and Criminal Procedure.
§ 582. Receipt of United States or bank notes as
collateral
No national banking association shall here-
after offer or receive United States notes or na-
tional-bank notes as security or as collateral se-
curity for any loan of money, or for a consider-
ation agree to withhold the same from use, or
offer or receive the custody or promise of cus-
tody of such notes as security, or as collateral
security, or consideration for any loan of
money. Any association offending against the
provisions of this section shall be deemed guilty
of a misdemeanor and shall be fined not more
than $1,000 and a further sum equal to one-third
of the money so loaned. The officer or officers of
any association who shall make any such loan
shall be liable for a further sum equal to one-
quarter of the money loaned; and any fine or
penalty incurred by a violation of this section
shall be recoverable for the benefit of the party
bringing such suit.
(R.S. § 5207.)
Editorial Notes
CODIFICATION
R.S. § 5207 derived from act Feb. 19, 1869, ch. 32, 15
Stat. 270.
§§ 583 to 588d. Repealed. June 25, 1948, ch. 645,
§ 21, 62 Stat. 862, eff. Sept. 1, 1948
Section 583, R.S. § 5243; act Aug. 23, 1935, ch. 614, title
III, § 318, 49 Stat. 712, related to use of words ‘‘Na-
tional’’, ‘‘Federal’’, or ‘‘United States’’. See section 709
of Title 18, Crimes and Criminal
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 581
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