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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes Section, act Apr. 24, 1917, ch. 4, § 7, 40 Stat. 37, related to reserves against United States deposits.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 462a
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Source file: Laws/federal/codes/united-states-code/title-12/section-462a-repealed-pub-l-97258-5-b-sept-13-1982-96-stat-1068--a8ed4e3df9.md
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Source location: Title 12, Chapter 3, § 462a; chapter-003-federal-reserve-system.md
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** With the approval of the President, the Secretary of the Treasury may sell obligations of the government of a foreign country when the obligations were acquired under— (1) the First Liberty Bond Act and matured before June 16, 1947; (2) the Second Liberty Bond Act and matured before October 16, 1938; or (3) section 7(a) of the Victory Liberty Loan Act. **(b)** The Secretary may prescribe the conditions and frequency for receiving payment under obligations of a government of a foreign country acquired under the laws referred to in subsection (a) of this section. A sale of an obligation acquired under those Acts shall at least equal the purchase price and accrued interest. The proceeds of obligations sold under this section and payments received from governments on the principal of their obligations shall be used to redeem or buy (for not more than par value and accrued interest) bonds of the United States Government issued under this chapter. If those bonds cannot be redeemed or bought, the Secretary shall redeem or buy other outstanding interest-bearing obligations of the Government that are subject to redemption or which can be bought at not more than par value and accrued interest.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 3110
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The Department of the Treasury has a sinking fund for retiring bonds and notes issued under this chapter. Amounts in the fund are appropriated for payment of bonds and notes at maturity or for their redemption or purchase before maturity by the Secretary of the Treasury. The fund is available until all the bonds and notes are retired. **(b)** For each fiscal year, an amount is appropriated equal to— (1) the interest that would have been payable during the fiscal year for which the appropriation is made on the bonds and notes bought, redeemed, or paid out of the fund during that or prior years; (2) 2.5 percent of the total amount of bonds and notes issued under the First Liberty Bond Act, the Second Liberty Bond Act, the Third Liberty Bond Act, the Fourth Liberty Bond Act, and the Victory Liberty Loan Act and outstanding on July 1, 1920, less an amount equal to the par amount of obligations of governments of foreign countries that the United States Government held on July 1, 1920; and (3) 2.5 percent of the total amount expended after June 29, 1933, from appropriations made or authorized in sections 301 and 302 of the Emergency Relief and Construction Act of 1932. **(c)** The Secretary may prescribe the price and conditions for paying, redeeming, and buying bonds and notes under this section. The average cost of bonds and notes bought under this section may not be more than par value and accrued interest. Bonds and notes bought, redeemed, or paid out of the sinking fund must be canceled and retired and may not be reissued.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 3112
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** Amounts to pay necessary expenses (including rent) for an issue of obligations authorized under this chapter are appropriated to the Secretary of the Treasury. However, the amount appropriated under this section may not be more than— (1) .2 percent of the amount of bonds and notes authorized under this chapter; (2) .1 percent of the amount of certificates of indebtedness authorized under [section 3104 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title31-section3104&num=0&edition=prelim); and (3) .1 percent of the amount of certificates of indebtedness authorized under the First Liberty Bond Act. **(b)** An appropriation under this section is available for obligation only through the end of the fiscal year after the fiscal year in which the issue was made. During a period for which an appropriation for a specified amount is made for expenses for which this section makes an appropriation for an unspecified amount, only the appropriation for the specified amount is available for obligation.
Source: Supplied U.S. Code snapshot — release unconfirmed · 31 U.S.C. § 3129
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Federal law — U.S. Code and appendices · legal_authorities
Page 169 TITLE 12—BANKS AND BANKING § 463 1 See References in Text note below. of this title), was repealed by Pub. L. 96–221, title II, § 207(a), Mar. 31, 1980, 94 Stat. 144. ELIMINATION OR REDUCTION OF INTEREST RATE DIF- FERENTIAL BETWEEN SAVINGS BANKS AND SAVINGS AND LOAN, BUILDING AND LOAN, OR HOMESTEAD AS- SOCIATIONS Pub. L. 94–200, title I, § 102, Dec. 31, 1975, 89 Stat. 1124, as amended by Pub. L. 95–630, title XVI, § 1602, Nov. 10, 1978, 92 Stat. 3713, which had provided that an interest rate differential for any category of deposits or ac- counts which was in effect on December 10, 1975, be- tween (1) any bank (other than a savings bank) the de- posits of which were insured by the Federal Deposit In- surance Corporation and (2) any savings and loan, building and loan, or homestead association (including cooperative banks) the deposits or accounts of which were insured by the Federal Savings and Loan Insur- ance Corporation or any mutual savings bank as de- fined in section 3(f) of the Federal Deposit Insurance Act (12 U.S.C. 1813(j)) [section 1813(f) of this title] could not be eliminated or reduced unless (A) written notifi- cation was given by the Board of Governors of the Fed- eral Reserve System to the Congress; and (B) the House of Representatives and the Senate approved, by concur- rent resolution, the proposed elimination or reduction of the interest rate differential, was repealed by Pub. L. 97–320, title III, § 326(a), Oct. 15, 1982, 96 Stat. 1500. See section 326(b)–(d) of Pub. L. 97–320, set out as a note under section 1828 of this title. See, also, section 207(b)(1) of Pub. L. 96–221 providing for repeal of section 102 of Pub. L. 94–200 effective 6 years after Mar. 31, 1980. INTEREST RATES: CONTROLS Pub. L. 89–597, § 1, Sept. 2
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 462a
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