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12 U.S.C. § 356

Title 12 Chapter 3 Current through PL 116-220 ~1 min read Last updated: March 30, 2026 View on OLRC →
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§ 356. Purchase of commercial paper from member banks and sale of same

Every Federal reserve bank shall have power to purchase from member banks and to sell, with or without its indorsement, bills of exchange arising out of commercial transactions, as hereinbefore defined.

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