Title 12, Chapter 3
Banks and Banking — 144 active sections, 18 inactive
Sections in this chapter
- § 1Repealed. Pub. L. 89–597, § 2(d) , Sept. 21, 1966 , 80 Stat. 824Repealed
- § 2Interbank liabilities
- § 221Definitions
- § 221aAdditional definitions
- § 222Federal reserve districts; membership of national banks
- § 223Number of Federal reserve cities in district
- § 224Status of reserve cities under former statutes
- § 225Federal reserve banks; title
- § 225aMaintenance of long run growth of monetary and credit aggregates
- § 225bAppearances before and reports to the Congress
- § 226“Federal Reserve Act”
- § 227“Banking Act of 1933”
- § 228“Banking Act of 1935”
- § 241Creation; membership; compensation and expenses
- § 242Ineligibility to hold office in member banks; qualifications and terms of office of members; chairman and vice chairman; oath of office
- § 243Assessments upon Federal reserve banks to pay expenses
- § 244Principal offices of Board; chairman of Board; obligations and expenses; qualifications of members; vacancies
- § 245Vacancies during recess of Senate
- § 246Powers of Secretary of the Treasury as affected by chapter
- § 247Reports to Congress
- § 247aRecords of action on policy relating to open-market operation and policies determined generally; inclusion in report to Congress
- § 247bAppearances before Congress
- § 248Enumerated powers
- § 248aPricing of services
- § 248bAnnual independent audits of Federal reserve banks and Board
- § 249Repealed. Pub. L. 94–412, title V, § 501(c) , Sept. 14, 1976 , 90 Stat. 1258Repealed
- § 250Independence of financial regulatory agencies
- § 251Repealed. Pub. L. 104–208, div. A, title II, § 2224(a) , Sept. 30, 1996 , 110 Stat. 3009–415Repealed
- § 252Credit availability assessment
- § 261Creation; membership; compensation; meetings; officers; procedure; quorum; vacancies
- § 262Powers
- § 263Federal Open Market Committee; creation; membership; regulations governing open-market transactions
- § 264TransferredTransferred
- § 265Insured banks as depositaries of public money; duties; security; discrimination between banks prohibited; repeal of inconsistent laws
- § 266State-chartered banks and other institutions as depositaries of public money; fiscal agents; duties
- § 281Capital
- § 282Subscription to capital stock by national banking association
- § 283Public subscription to capital stock
- § 284OmittedOmitted
- § 285Nonvoting stock
- § 286Transfers of stock; rules and regulations
- § 287Value of shares of stock; increase and decrease of stock; member banks as shareholders; surrender of shares
- § 288Cancellation of stock held by member bank on insolvency or discontinuance of banking operations for sixty days; repayment of cash-paid subscriptions
- § 289Dividends and surplus funds of reserve banks; transfer for fiscal year 2000
- § 290Use of earnings transferred to the Treasury
- § 301Powers and duties of board of directors; suspension of member bank for undue use of bank credit
- § 302Number of members; classes
- § 303Qualifications and disabilities
- § 304Class A and class B directors; selection
- § 305Class C directors; selection; “Federal reserve agent”
- § 306Assistants to Federal reserve agent
- § 307Compensation of directors
- § 308Terms of directors; vacancies
- § 321Application for membership
- § 322Determination on application
- § 323Stock in Federal reserve banks; method of payment
- § 324Laws applicable on becoming members
- § 325Examinations
- § 326Acceptance of examinations and reports by State authorities; special examinations
- § 327Surrender of stock and cancellation of memberships
- § 328Withdrawals from membership
- § 329Capital stock required as condition precedent to membership
- § 329aOmittedOmitted
- § 330Laws applicable on becoming members; discounts for State banks
- § 331Certifying checks on State banks admitted as members
- § 332Depositaries of public money; financial agents; security required
- § 333Mutual savings banks; application and admission to membership in Federal Reserve System
- § 334Reports from affiliates; penalty for failure to furnish
- § 335Dealing in investment securities; limitations and conditions
- § 336Certificates of stock; representation of stock of other corporations
- § 337Repealed. Pub. L. 89–485, § 13(g) , July 1, 1966 , 80 Stat. 243Repealed
- § 338Examination of affiliates; forfeiture of membership on refusal of affiliate to give information or pay expense
- § 338aInvestments to promote public welfare and community development; limitation on investments
- § 339Participation by State member banks in lotteries and related activities
- § 339aResolution of clearing banks
- § 341General enumeration of powers
- § 342Deposits; exchange and collection; member and nonmember banks or other depository institutions; charges
- § 343Discount of obligations arising out of actual commercial transactions
- § 344Discount or purchase of bills to finance agricultural shipments
- § 345Rediscount of notes, drafts, and bills for member banks; limitation of amount
- § 346Discount of acceptances
- § 347Advances to member banks on their notes
- § 347aAdvances 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
- § 347bAdvances to individual member banks on time or demand notes; maturities; time notes secured by mortgage loans covering one-to-four family residences
- § 347cAdvances to individuals, partnerships, and corporations; security; interest rate
- § 347dTransactions between Federal Reserve banks and branch or agency of foreign bank; matters considered
- § 348Discount of obligations given for agricultural purposes or based upon livestock; collateral security for Federal reserve notes
- § 348aTransactions with foreign banks; supervision of Board of Governors of the Federal Reserve System
- § 349Rediscount for intermediate credit banks of obligations given for agricultural purposes; discount of notes made pursuant to section 1031
- § 350Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations
- § 351Obligations of cooperative marketing association as issued or drawn for agricultural purposes
- § 352Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
- § 352aRepealed. Pub. L. 85–699, title VI, § 601 , Aug. 21, 1958 , 72 Stat. 697Repealed
- § 353Purchase and sale of cable transfers, acceptances and bills
- § 354Transactions involving gold coin, bullion, and certificates
- § 355Purchase 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
- § 356Purchase of commercial paper from member banks and sale of same
- § 357Establishment of rates of discount
- § 358Establishment of accounts for purposes of open-market operations; correspondents and agencies
- § 359Purchase and sale of acceptances of intermediate credit banks and agricultural credit corporations
- § 359aOmittedOmitted
- § 360Receiving checks and drafts on deposit at par; charges for collections, exchange, and clearances
- § 361Bills receivable, bills of exchange, acceptances; regulations by Board of Governors
- § 364OmittedOmitted
- § 371Real estate loans
- § 371aRepealed. Pub. L. 111–203, title VI, § 627(a)(1) , July 21, 2010 , 124 Stat. 1640Repealed
- § 371bRate of interest on time deposits; payment of time deposits before maturity; waiver of notice requirements for withdrawal of savings deposits
- § 371cBanking affiliates
- § 371dInvestment in bank premises or stock of corporation holding premises
- § 372Bankers’ acceptances
- § 373Acceptance of drafts or bills drawn by banks in foreign countries or dependencies of United States for purpose of dollar exchange
- § 374Acting as agent for nonmember bank in getting discounts from reserve bank
- § 374aActing as agent for nonbanking borrower in making loans on securities to dealers in stocks, bonds, etc.; penalties
- § 375[Reserved]Reserved
- § 375aLoans to executive officers of banks
- § 375bExtensions of credit to executive officers, directors, and principal shareholders of member banks
- § 376Rate of interest paid to directors, etc.
- § 377Repealed. Pub. L. 106–102, title I, § 101(a) , Nov. 12, 1999 , 113 Stat. 1341Repealed
- § 378Dealers in securities engaging in banking business; individuals or associations engaging in banking business; examinations and reports; penalties
- § 391Federal reserve banks as Government depositaries and fiscal agents
- § 391aReimbursement of Federal Reserve Banks
- § 392Depositaries of Government funds as confined to banks in Federal reserve system; member banks as depositaries
- § 393Federal reserve banks as depositaries for Farm Credit System
- § 394Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation
- § 395Federal reserve banks as depositaries, custodians and fiscal agents for Commodity Credit Corporation
- § 411Issuance to reserve banks; nature of obligation; redemption
- § 412Application for notes; collateral required
- § 413Distinctive letter and serial number of notes; cancellation of notes unfit for circulation; accounting; apportionment of credit among Federal Reserve banks
- § 414Authority of Board of Governors respecting issuance of notes; interest; lien
- § 415Reduction of liability for outstanding notes by depositing notes and collateral and payment of notes of series prior to 1928; reissue of deposited notes
- § 416Withdrawal of collateral deposited to protect notes and substitution of other collateral; retirement of notes; payment of notes of series prior to 1928; recovery of collateral; reissue of deposited notes
- § 417Custody and safe-keeping of notes issued to and collateral deposited with Reserve agent
- § 418Printing of notes; denomination and form
- § 419Delivery of notes prior to delivery to banks
- § 420Control and direction of plates and dies; expense of issue and retirement of notes paid by banks
- § 421Examination of plates and dies
- § 422OmittedOmitted
- § 448OmittedOmitted
- § 461Reserve requirements
- § 462OmittedOmitted
- § 462aRepealed. Pub. L. 97–258, § 5(b) , Sept. 13, 1982 , 96 Stat. 1068Repealed
- § 462cOmittedOmitted
- § 463Limitation on amount of balance with any depository institution without access to Federal Reserve advances
- § 464Checking against and withdrawal of reserve balance
- § 465Basis for ascertaining deposits against which required balance is determined
- § 466Reserves of banks in dependencies or insular possessions
- § 467Deposits of gold coin, gold certificates, and Special Drawing Right certificates with United States Treasurer
- § 481Appointment of examiners; examination of member banks, State banks, and trust companies; reports
- § 482Employees of Office of Comptroller of the Currency; appointment; compensation and benefits
- § 483Special examination of member banks; information of condition furnished to Board of Governors of the Federal Reserve System
- § 484Limitation on visitorial powers
- § 485Examination of Federal reserve banks
- § 486Waiver of requirements as to reports from or examinations of affiliates
- § 501Liability of Federal reserve or member bank for certifying check when amount of deposit was inadequate
- § 501aForfeiture of franchise of national banks for failure to comply with provisions of this chapter
- § 502Liability of shareholders of Federal reserve banks on contracts, etc.
- § 503Liability of directors and officers of member banks
- § 504Civil money penalty
- § 505Civil money penalty
- § 506Notice after separation from service
- § 521Reserve-bank branches; establishment; directors; discontinuance of branches; approval for erection of branch bank building
- § 522Federal Reserve branch bank buildings
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