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TITLE 12 > CHAPTER 3 > SUBCHAPTER IX

SUBCHAPTER IX - POWERS AND DUTIES OF FEDERAL RESERVE BANKS

  • Sec. 341. General enumeration of powers
  • Sec. 342. Deposits; exchange and collection; member and nonmember banks or other depository institutions; charges
  • Sec. 343. Discount of obligations arising out of actual commercial transactions
  • Sec. 344. Discount or purchase of bills to finance agricultural shipments
  • Sec. 345. Rediscount of notes, drafts, and bills for member banks; limitation of amount
  • Sec. 346. Discount of acceptances
  • Sec. 347. Advances to member banks on their notes
  • 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
  • Sec. 347b. Advances to individual member banks on time or demand notes; maturities; time notes secured by mortgage loans covering one-to-four family residences
  • Sec. 347c. Advances to individuals, partnerships, and corporations; security; interest rate
  • Sec. 347d. Transactions between Federal Reserve banks and branch or agency of foreign bank; matters considered
  • Sec. 348. Discount of obligations given for agricultural purposes or based upon livestock; collateral security for Federal reserve notes
  • Sec. 348a. Transactions with foreign banks; supervision of Board of Governors of the Federal Reserve System
  • Sec. 349. Rediscount for intermediate credit banks of obligations given for agricultural purposes; discount of notes made pursuant to section 1031
  • Sec. 350. Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations
  • Sec. 351. Obligations of cooperative marketing association as issued or drawn for agricultural purposes
  • Sec. 352. Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
  • Sec. 352a. Repealed. Pub. L. 85-699, title VI, Sec. 601, Aug. 21, 1958, 72 Stat. 697
  • Sec. 353. Purchase and sale of cable transfers, acceptances and bills
  • Sec. 354. Transactions involving gold coin, bullion, and certificates
  • 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
  • Sec. 356. Purchase of commercial paper from member banks and sale of same
  • Sec. 357. Establishment of rates of discount
  • Sec. 358. Establishment of accounts for purposes of open-market operations; correspondents and agencies
  • Sec. 359. Purchase and sale of acceptances of intermediate credit banks and agricultural credit corporations
  • Sec. 359a. Omitted
  • Sec. 360. Receiving checks and drafts on deposit at par; charges for collections, exchange, and clearances
  • Sec. 361. Bills receivable, bills of exchange, acceptances; regulations by Board of Governors
  • Sec. 362 to 364. Omitted
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