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Section 16. Note Issues. 1. Issuance of Federal Reserve notes; nature of obligation; where redeemable.
SECTION 201.4—Availability and Terms of Credit. SECTION 201.5—Limitations on Availability and Assessments. SECTION 201.51—Interest Rates Applicable to Credit Extended by a Federal Reserve Bank. Regulation D: Reserve Requirements of Depository Institutions.
1 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.
[Pub. 43.J 17 NOTE ISSUES. Sec. 16. Federal reserve notes, to be issued at the discretion of the Federal Reserve Board 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 hereby authorized.
10 Μαρ 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.
6 Ιαν 2023 · Section 16 of the Federal Reserve Act requires that each Federal Reserve Agent make daily reports to the Board of Governors on issues and withdrawals of Federal Reserve notes; in addition, the Board requires a monthly report in considerable detail.
Federal Reserve Act : Public Law 63-43, 63d Congress, H.R. 7837: An Act to Provide for the Establishment of Federal Reserve Banks, to Furnish an Elastic Currency, to Afford Means of Rediscounting Commercial Paper, to Establish a More Effective Supervision of Banking in the United States, and for Other Purposes.
