《The Federal Reserve Act》

FEDERAL RESERVE ACT:1

Sec．1．Short title and definitions1

Sec．2．Federal Reserve Districts and stock of Federal Reserve Banks2

Sec．3．Branches of Federal Reserve Banks5

Sec．4．Organization and directors of-Federal Reserve Banks6

Sec．5．Increase and decrease of capital of Federal Reserve Banks13

Sec．6．Insolvency of member banks14

Sec．7．Earnings of Federal Reserve Banks15

Sec．8．Conversion of State banks into national banks16

Sec．9．Membership of State banks17

Sec．10．Organization of Board of Governors27

Sec．10(a)．Emergency advances to groups of member banks31

Sec．10(b)．Advances to individual member banks32

Sec．11．Powers of Board of Governors32

Sec．12．Federal Advisory Council39

Sec．12A．Federal Open Market Committee40

Sec．12B．Insurance of bank deposits41

Sec．13．Collections,discounts and advances by Federal Reserve Banks72

Sec．13a．Discount of agricultural paper79

Sec．13b．Industrial loans and discounts80

Sec．14．Open market operations and relations with foreign banks83

Sec．15．Government deposits86

Sec．16．Federal Reserve notes87

Sec．17．Deposits of bonds by national banks94

Sec．18．Federal Reserve Bank notes94

Sec．19．Reserves of member banks and interest on deposits98

Sec．20．Redemption fund for national bank notes103

Sec．21．Examinations103

Sec．22．Offenses of member banks,examiners,Officers,and directors107

Sec．23．Liability of shareholders of national banks112

Sec．23A．Relations of member banks with affiliates112

Sec．24．Real estate loans by national banks114

Sec．24A．Investments by national banks in bank premises116

Sec．25．Foreign branches of national banks116

Sec．25(a)．Foreign banking corporations119

Sec．25(b)．Jurisdiction of suits129

Sec．26．Repeal of conflicting laws132

Sec．27．Tax on national bank notes132

Sec．28．Reduction of capital of national banks133

Sec．29．Saving clause134

Sec．30．Reservation of right to amend134

APPENDIX CONTAINING PROVISIONS OF OTHER STATUTES(See Table of Contents to Appendix at page 137)135

TABLES OF STATUTES:267

Acts amending Federal Reserve Act267

Acts amended or referred to by Federal Reserve Act268

Acts or parts of Acts published in Appendix269

United States Code sections containing provisions of Federal Reserve Act271

INDEX273