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12 U.S.C. § 2158 — Purchase and sale by Federal Reserve System

submitted 55 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 68 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

Any member of the Federal Reserve System may buy and sell bonds, debentures, or other similar obligations issued under the authority of this chapter and any Federal Reserve bank may buy and sell such obligations to the same extent and subject to the same limitations placed upon the purchase and sale by said banks of State, county, district, and municipal bonds under section 355 of this title.

Source credit: (Pub. L. 92–181, title IV, § 4.7, Dec. 10, 1971, 85 Stat. 612.)

history & why it existsrecord from the source credit
  • 1971Enacted · Pub. L. 92-181 · 85 Stat. 612

A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-181 on 1971-12-10.

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