12-U.S.C.-224

§224 – Status of Reserve Cities Under Former Statutes

Pathway

Title 12 > Chapter 3 > Subchapter I > Section 224

Details

• Reference: Section 224
• Legend: §224 – Status of Reserve Cities Under Former Statutes
• USCode Year: 2013

Provision Content

The organization of reserve districts and Federal reserve cities shall not be construed as changing the present status of reserve cities except in so far as this chapter changes the amount of reserves that may be carried with approved reserve agents located therein.

(Dec. 23, 1913, ch. 6, §2 (part), 38 Stat. 253; Pub. L. 86–114, §3(b)(5), July 28, 1959, 73 Stat. 264.)

References in Text

This chapter, referred to in text, was in the original this Act, meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251, as amended, known as the Federal Reserve Act. For complete classification of this Act to the Code, see References in Text note set out under section 226 of this title and Tables.

Codification

Section is comprised of part of the thirteenth par. of section 2 of act Dec. 23, 1913. Some of the other provisions of the thirteenth par. are classified to section 281 of this title, and some were not included in the Code. For classification of other pars. of section 2 of this Act, see Codification note set out under section 222 of this title.

Amendments

1959—Pub. L. 86–114 struck out and central reserve cities after reserve cities.

Effective Date of 1959 Amendment

Amendment by Pub. L. 86–114 effective three years after July 28, 1959, see section 3(b) of Pub. L. 86–114, set out as a Central Reserve and Reserve Cities note under former section 141 of this title.

Prior Provisions

Provisions relating to reserve cities and central reserve cities were contained in R.S. §§5191, 5192, and act Mar. 3, 1887, ch. 378, §§1, 2, 24 Stat. 559, 560.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-2810 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-2810, 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.-2804 in the Legal Encyclopedia: Federal Reserve System

In this entry about 12-U.S.C.-2804, find legal reference material, bibliographies and premiere content related to federal reserve system in the American Encyclopedia of Law, presenting a comprehensive view of the United States federal reserve system-specific issues, written by authorities in the field.

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