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Learn about the authorization, issuance, and redemption of Federal Reserve notes, the obligations of the United States, and the collateral and interest requirements for Federal Reserve banks. Section 16 of the Federal Reserve Act also covers the distinctive letter, serial number, and destruction of unfit notes.
- Section 10. Board of Governors of The Federal Reserve System
Prior to the enactment of that act, the chairman and vice...
- Section 3. Branch Offices
Section 3. Branch Offices 1. Establishment of branches of...
- Section 4. Federal Reserve Banks
Section 4. Federal Reserve Banks 1. Organization of reserve...
- Section 25C. Potential Liability on Foreign Accounts
Open-Market Operations Section 15. Government Deposits...
- Section 15. Government Deposits
Section 15. Government Deposits 1. Federal Reserve banks as...
- Section 31. Reservation of Right to Amend
Short title and definitions Section 2. Federal Reserve...
- Section 12A. Federal Open Market Committee
Section 12A. Federal Open Market Committee Creation,...
- Section 24. Real Estate Loans
The Federal Reserve Board of Governors in Washington DC....
- Section 10. Board of Governors of The Federal Reserve System
10 mar 2017 · The Federal Reserve Act of 1913 established the Federal Reserve System as the central bank of the United States to provide the nation with a safer, more flexible, and more stable monetary and financial system. The law sets out the purposes, structure, and functions of the System as well as outlines aspects of its operations and accountability.
Section 16 of the Federal Reserve Act establishes the Federal Reserve Board and its powers and duties. It also defines the terms used in the Act and sets the requirements for member banks to subscribe to the capital stock of Federal reserve banks.
1 A number of sections of the Federal Reserve Act are long or contain unrelated provisions and the provisions of each such section appear in more than 1 section of the United States Code. In this compilation of this Act, the Code cites for such sections appear at the end of each dis-crete provision.
This section of the U.S. Code explains the issuance, nature, and redemption of federal reserve notes, which are obligations of the United States. It was enacted in 1913 and amended in 1934 and 1935.
Topics. « Back. Federal Reserve Act and Related Statutes. SECTION 1—Short Title and Definitions. SECTION 2—Federal Reserve Districts. SECTION 2A—Monetary Policy Objectives. SECTION 2B—Appearances Before and Reports to the Congress. SECTION 3—Branch Offices. SECTION 4—Federal Reserve Banks. SECTION 5—Stock Issues; Increase and Decrease of Capital.
17 lut 2017 · The Federal Reserve Act requires that the Board pay the expenses of procuring and retiring Federal Reserve notes, and assesses the Reserve Banks for their share of the costs. The manual explains the procedures, collateral, and reporting for issuing and handling Federal Reserve notes.
