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12 U.S.C. § 421 — Examination of plates and dies

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 421 — Examination of plates and dies

The Secretary of the Treasury may examine the plates, dies, bed pieces, and other material used in the printing of Federal Reserve notes and issue regulations relating to such examinations.

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Stable record: federal_law:legal_authorities:record_usc_92bcd27ca1fd1e999fe49de0
Source file: Laws/federal/codes/united-states-code/title-12/section-421-examination-of-plates-and-dies--ad7a7c0f98.md
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Source location: Title 12, Chapter 3, § 421; chapter-003-federal-reserve-system.md

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The Secretary of the Treasury may examine the plates, dies, bed pieces, and other material used in the printing of Federal Reserve notes and issue regulations relating to such examinations.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 411 — Issuance to reserve banks; nature of obligation; redemption

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.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 421 — Examination of plates and dies

Page 162 TITLE 12—BANKS AND BANKING § 419 title I, § 3, June 4, 1963, 77 Stat. 54; Pub. L. 103–325, title VI, § 602(g)(3), Sept. 23, 1994, 108 Stat. 2293.) Editorial Notes REFERENCES IN TEXT This chapter, referred to in text, was in the original ‘‘this Act’’, meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251, known as the Federal Reserve Act. For complete classi- fication of this Act to the Code, see References in Text note set out under section 226 of this title and Tables. CODIFICATION Section is comprised of the seventh par. (formerly the eighth par.) of section 16 of act Dec. 23, 1913. For classification to this title of other pars. of section 16, see Codification note set out under section 411 of this title. AMENDMENTS 1994—Pub. L. 103–325, which directed amendment of ‘‘[t]he 1st sentence of the 8th undesignated paragraph of section 16 of the Federal Reserve Act (12 U.S.C. 418)’’ by substituting ‘‘the Secretary of the Treasury shall’’ for ‘‘the Comptroller of the Currency shall under the direction of the Secretary of the Treasury,’’ was exe- cuted by making the substitution in this section for ‘‘the Comptroller of the Currency shall, under the di- rection of the Secretary of the Treasury,’’ to reflect the probable intent of Congress. 1963—Pub. L. 88–36, which directed amendment of ‘‘[t]he first sentence of the ninth paragraph of section 16 of the Federal Reserve Act (12 U.S.C. 418)’’ by insert- ing ‘‘$1, $2,’’ after ‘‘notes of the denominations of’’, was executed by making the insertion in this section, to re- flect the probable intent of Congress. 1918—Act Sept. 26, 1918, which directed general amendment of ‘‘the ninth paragraph of section sixteen of the Federal reserve Act, as amended by the Acts ap- proved September seventh, nineteen hu

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