12-U.S.C.-352

§352 – Limitation On Amount of Obligations of Certain Maturities Which May Be Discounted and Rediscounted

Pathway

Title 12 > Chapter 3 > Subchapter IX > Section 352

Details

• Reference: Section 352
• Legend: §352 – Limitation On Amount of Obligations of Certain Maturities Which May Be Discounted and Rediscounted
• USCode Year: 2013

Provision Content

The Board of Governors of the Federal Reserve System may, by regulation, limit to a percentage of the assets of a Federal reserve bank the amount of notes, drafts, acceptances, or bills having a maturity in excess of three months, but not exceeding six months, exclusive of days of grace, which may be discounted by such bank, and the amount of notes, drafts, bills, or acceptances having a maturity in excess of six months, but not exceeding nine months, which may be rediscounted by such bank.

(Dec. 23, 1913, ch. 6, §13A (par.), formerly §13a, as added Mar. 4, 1923, ch. 252, title IV, §404, 42 Stat. 1480; amended Aug. 23, 1935, ch. 614, title II, §203(a), 49 Stat. 704; renumbered §13A, Pub. L. 102–242, title I, §142(e)(1), Dec. 19, 1991, 105 Stat. 2281.)

Codification

Section is comprised of fifth par. of section 13A, formerly section 13a, as added Mar. 4, 1923. Pars. 1 to 4 of section 13A are set out as sections 348, 349 to 351 of this title, respectively.

Change of Name

Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-348 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-348, 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.-2214 in the Legal Encyclopedia: Insurance

In this entry about 12-U.S.C.-2214, find legal reference material, bibliographies and premiere content related to insurance in the American Encyclopedia of Law, presenting a comprehensive view of the United States insurance-specific issues, written by authorities in the field.

12-U.S.C.-346 in the Legal Encyclopedia: Federal Reserve System

In this entry about 12-U.S.C.-346, 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.

Topic Map

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