12-U.S.C.-121A

§121A – Redemption of Notes Unidentifiable As to Bank of Issue

Pathway

Title 12 > Chapter 2 > Subchapter VI > Section 121a

Details

• Reference: Section 121a
• Legend: §121A – Redemption of Notes Unidentifiable As to Bank of Issue
• USCode Year: 2013

Provision Content

Whenever any Federal Reserve bank notes or Federal Reserve notes are presented to the Treasurer of the United States for redemption and such notes cannot be identified as to the bank of issue or the bank through which issued, the Treasurer of the United States may redeem such notes under such rules and regulations as the Secretary of the Treasury may prescribe.

(June 13, 1933, ch. 62, §1, 48 Stat. 127; Pub. L. 89–427, §4(a), May 20, 1966, 80 Stat. 161; Pub. L. 103–325, title VI, §602(g)(8)(A), Sept. 23, 1994, 108 Stat. 2294.)

Amendments

1994—Pub. L. 103–325, §602(g)(8)(A)(ii), which directed the amendment of this section by striking out , and the notes, other than Federal Reserves notes, so redeemed shall be forwarded to the Comptroller of the Currency for cancellation and destruction after Treasury may prescribe, was executed by striking out text which contained the word Reserves rather than Reserve, to reflect the probable intent of Congress.

Pub. L. 103–325, §602(g)(8)(A)(i), substituted Whenever any Federal Reserve bank notes, for Whenever any national-bank notes, Federal Reserve bank notes,.

1966—Pub. L. 89–427 excepted Federal Reserve notes from the category of notes which, upon redemption by the Treasurer of the United States, must be forwarded to the Comptroller of the Currency for cancellation and destruction.

Transfer of Functions

For transfer of functions to Secretary of the Treasury, see note set out under section 55 of this title.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-82 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-82, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-92A in the Legal Encyclopedia: Credit Institutions

In this entry about 12-U.S.C.-92A, find legal reference material, bibliographies and premiere content related to credit institutions in the American Encyclopedia of Law, presenting a comprehensive view of the United States credit institutions-specific issues, written by authorities in the field.

12-U.S.C.-90 in the Legal Encyclopedia: Banks

In this entry about 12-U.S.C.-90, find legal reference material, bibliographies and premiere content related to banks in the American Encyclopedia of Law, presenting a comprehensive view of the United States banks-specific issues, written by authorities in the field.

Topic Map

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