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 — Repealed.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