12 U.S.C. § 2159 — Purchase and sale of obligations
submitted 55 years ago by Pub. L. 92-181 to r/title-12-BANKS-AND-BANKING · 65 words · no verdicts yet
Each System bank may buy its own obligations and those of other System banks. It may arrange sales of specified obligations through fiscal agents using listed sale methods and delivery methods.
Each bank of the System may purchase its own obligations and the obligations of other banks of the System and may provide for the sale of obligations issued by it, consolidated obligations, or Systemwide obligations through a fiscal agent or agents, by negotiation, offer, bid, syndicate sale, and to deliver such obligations by book entry, wire transfer, or such other means as may be appropriate.
Each bank of the System may purchase its own obligations and the obligations of other banks of the System and may provide for the sale of obligations issued by it, consolidated obligations, or Systemwide obligations through a fiscal agent or agents, by negotiation, offer, bid, syndicate sale, and to deliver such obligations by book entry, wire transfer, or such other means as may be appropriate.
Source credit: (Pub. L. 92–181, title IV, § 4.8, Dec. 10, 1971, 85 Stat. 612; Pub. L. 99–509, title I, § 1034, Oct. 21, 1986, 100 Stat. 1878; Pub. L. 100–233, title II, § 205(a), Jan. 6, 1988, 101 Stat. 1607; Pub. L. 115–334, title V, § 5411(18), Dec. 20, 2018, 132 Stat. 4680.)
- 1971Enacted · Pub. L. 92-181 · 85 Stat. 612
- 1986Amended · Pub. L. 99-509 · 100 Stat. 1878
- 1988Amended · Pub. L. 100-233 · 101 Stat. 1607
- 2018Amended · Pub. L. 115-334 · 132 Stat. 4680
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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