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Sections

12 USC Chapter 3 (12 US CODE Chapter 3) - Federal Reserve System

Subchapter IX - Powers and Duties of Federal Reserve Banks


12 USC 354 - Sec. 354. Transactions involving gold coin, bullion, and certificates

12 USC 355 - Sec. 355. Purchase and sale of obligations of National, State, and municipal governments; open market operations; purchases and sales from or to United States; maximum aggregate amount of obligations acquired directly from or loaned directly to United States

12 USC 356 - Sec. 356. Purchase of commercial paper from member banks and sale of same

12 USC 357 - Sec. 357. Establishment of rates of discount

12 USC 358 - Sec. 358. Establishment of accounts for purposes of open-market operations; correspondents and agencies

12 USC 359 - Sec. 359. Purchase and sale of acceptances of intermediate credit banks and agricultural credit corporations

12 USC 359 - Sec. 359a. Omitted

12 USC 360 - Sec. 360. Receiving checks and drafts on deposit at par; charges for collections, exchange, and clearances

12 USC 361 - Sec. 361. Bills receivable, bills of exchange, acceptances; regulations by Board of Governors

12 USC 342 - Sec. 342. Deposits; exchange and collection; member and nonmember banks or other depository institutions; charges

Secs. 362 to 364. Omitted

12 USC 343 - Sec. 343. Discount of obligations arising out of actual commercial transactions

12 USC 344 - Sec. 344. Discount or purchase of bills to finance agricultural shipments

12 USC 345 - Sec. 345. Rediscount of notes, drafts, and bills for member banks; limitation of amount

12 USC 346 - Sec. 346. Discount of acceptances

12 USC 347 - Sec. 347. Advances to member banks on their notes

12 USC 347 - Sec. 347a. Advances to member bank groups; inadequate amounts of eligible and acceptable assets; liability of individual banks in group; distribution of loans among banks of group; rate of interest; notes accepted for advances as collateral security for Federal reserve notes; foreign obligations as security for advances

Subchapter X - Powers and Duties of Member Banks


12 USC 372 - Sec. 372. Bankers' acceptances

12 USC 373 - Sec. 373. Acceptance of drafts or bills drawn by banks in foreign countries or dependencies of United States for purpose of dollar exchange

12 USC 374 - Sec. 374. Acting as agent for nonmember bank in getting discounts from reserve bank

12 USC 374 - Sec. 374a. Acting as agent for nonbanking borrower in making loans on securities to dealers in stocks, bonds, etc.; penalties

12 USC 375 - Sec. 375. Purchases from directors; sales to directors

12 USC 375 - Sec. 375a. Loans to executive officers of banks

12 USC 375 - Sec. 375b. Extensions of credit to executive officers, directors, and principal shareholders of member banks

12 USC 376 - Sec. 376. Rate of interest paid to directors, etc.

12 USC 377 - Sec. 377. Repealed. Pub. L. 106-102, title I, Sec. 101(a), Nov. 12, 1999, 113 Stat. 1341

12 USC 378 - Sec. 378. Dealers in securities engaging in banking business; individuals or associations engaging in banking business; examinations and reports; penalties

12 USC 371 - Sec. 371. Real estate loans

12 USC 371 - Sec. 371a. Payment of interest on demand deposits

12 USC 371 - Sec. 371b. Rate of interest on time deposits; payment of time deposits before maturity; waiver of notice requirements for withdrawal of savings deposits