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  • 12 U.S. Code 411 - Issuance To Reserve Banks

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    Min Hotep Tzaddik Bey
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    Federal reserve notes are authorized to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks. The notes are obligations of the United States and are redeemable in lawful money on demand at the Treasury Department of the United States or any Federal Reserve bank. The notes shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues.

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    This is lawm , not opinion. These codes are designed to control oath takers.

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    12 U.S. Code § 411 - Issuance to reserve banks

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    Federal reserve notes are authorized to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks. The notes are obligations of the United States and are redeemable in lawful money on demand at the Treasury Department of the United States or any Federal Reserve bank. The notes shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    210 views2 pages

    12 U.S. Code 411 - Issuance To Reserve Banks

    Uploaded by

    Min Hotep Tzaddik Bey
    Federal reserve notes are authorized to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks. The notes are obligations of the United States and are redeemable in lawful money on demand at the Treasury Department of the United States or any Federal Reserve bank. The notes shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    12 U.S.

    Code 411 - Issuance to reserve banks; nature of obligation; redemption | LII / Legal Information Institute

    1/31/14 10:26 AM

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    U.S. Code

    Title 12 Chapter 3 Subchapter XII 411

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    12 U.S. CODE 411 - ISSUANCE TO RESERVE BANKS; NATURE OF OBLIGATION; REDEMPTION


    US Code Notes Updates

    Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.

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    http://www.law.cornell.edu/uscode/text/12/411 Page 1 of 2

    12 U.S. Code 411 - Issuance to reserve banks; nature of obligation; redemption | LII / Legal Information Institute

    1/31/14 10:26 AM

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