12 U.S.C. § 354 — Transactions involving gold coin, bullion, and certificates
submitted 113 years ago by ch. 6 to r/title-12-BANKS-AND-BANKING · 67 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Every Federal reserve bank shall have power to deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion, giving therefor, when necessary, acceptable security, including the hypothecation of United States bonds or other securities which Federal reserve banks are authorized to hold.
Source credit: (Dec. 23, 1913, ch. 6, § 14(a), 38 Stat. 264.)
- 1913Enacted · Act of Dec. 23, 1913, ch. 6 · 38 Stat. 264
A history note hasn’t been published yet. The record shows enactment by ch. 6 on 1913-12-23.
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