Browse Arkansas Code titles and sections
12 U.S.C. § 374 — Acting as agent for nonmember bank in getting discounts from reserve bank
Federal law — U.S. Code and appendices · legal_authorities
No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal reserve bank under the provisions of this chapter, except by permission of the Board of Governors of the Federal Reserve System.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 374
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: c74df46905a29b4f2870f52a7c8a99f8c0c2a02fcfd4e4147f9f8221046d2d2a. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_d02d70a39f33df32ca13753a
Source file: Laws/federal/codes/united-states-code/title-12/section-374-acting-as-agent-for-nonmember-bank-in-getting-discounts-from-reserve-ban--a328b3a8e3.md
Pages: Not recorded – Not recorded
Passage SHA-256: ae1789969019f2cdd6a2d146baf9d7f7c300c03f006abe783e78bb5acbc9a5f9
Source location: Title 12, Chapter 3, § 374; chapter-003-federal-reserve-system.md
Stored source content
No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal reserve bank under the provisions of this chapter, except by permission of the Board of Governors of the Federal Reserve System.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
No member bank shall keep on deposit with any depository institution which is not authorized to have access to Federal Reserve advances under section 347b 11 See References in Text note below. of this title a sum in excess of 10 per centum of its own paid-up capital and surplus.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 463
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
The short title of the Act of December 23, 1913, ch. 6, 38 Stat. 251, shall be the “Federal Reserve Act.”
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 226
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 150
TITLE 12—BANKS AND BANKING
§ 373
1 So in original. Probably should be followed by ‘‘in’’.
Subsec. (b). Pub. L. 97–290 designated second inde-
pendent clause of second sentence of existing provi-
sions as subsec. (b), substituted ‘‘no institution shall
accept such bills, or be obligated for a participation
share in such bills, in an amount equal at any time in
the aggregate to more than 150 per centum of its paid
up and unimpaired capital stock and surplus’’ for ‘‘no
bank shall accept such bills to an amount equal at any
time in the aggregate to more than one-half of its paid-
up and unimpaired capital stock and surplus’’ and in-
serted provisions relating to a United States branch or
agency of a foreign bank.
Subsec. (c). Pub. L. 97–290 designated first proviso of
second sentence of existing provisions as subsec. (c),
struck out provision applying the subsec. to all banks
regardless of capital stock or surplus, substituted a
limit of 200 per centum for 100 per centum, and inserted
provisions relating to a United States branch or agency
of a foreign bank.
Subsec. (d). Pub. L. 97–290 designated second proviso
of second sentence of existing provisions as subsec. (d),
substituted ‘‘Notwithstanding subsections (b) and (c),
with respect to any institution, the aggregate accept-
ances, including obligations for a participation share in
such acceptances, growing out of domestic transactions
shall not exceed 50 per centum of the aggregate of all
acceptances, including obligations for a participation
share in such acceptances, authorized for such institu-
tion under this section.’’ for ‘‘Provided further, That the
aggregate of acceptances growing out of domestic
transactions shall in no event exceed 50 per centum of
such capital stock and surplu
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 374
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.