SUBCHAPTER IX—POWERS AND DUTIES OF FEDERAL RESERVE BANKS (§§ 341 – 362)

SUBCHAPTER IX—POWERS AND DUTIES OF FEDERAL RESERVE BANKS (§§ 341 – 362)

§ 341. General enumeration of powers
§ 342. Deposits; exchange and collection; member and nonmember banks or other depository institutions; charges
§ 343. Discount of obligations arising out of actual commercial transactions
§ 344. Discount or purchase of bills to finance agricultural shipments
§ 345. Rediscount of notes, drafts, and bills for member banks; limitation of amount
§ 346. Discount of acceptances
§ 347. Advances to member banks on their notes
§ 347a. Advances to member bank groups; inadequate amounts of eligible and acceptable assets; liability of individual banks in group; distribution of loans among banks of group; rate of interest; notes accepted for advances as collateral security for Federal reserve notes; foreign obligations as security for advances
§ 347b. Advances to individual member banks on time or demand notes; maturities; time notes secured by mortgage loans covering one-to-four family residences
§ 347c. Advances to individuals, partnerships, and corporations; security; interest rate
§ 347d. Transactions between Federal Reserve banks and branch or agency of foreign bank; matters considered
§ 348. Discount of obligations given for agricultural purposes or based upon livestock; collateral security for Federal reserve notes
§ 348a. Transactions with foreign banks; supervision of Board of Governors of the Federal Reserve System
§ 349. Rediscount for intermediate credit banks of obligations given for agricultural purposes; discount of notes made pursuant to section 1031
§ 350. Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations
§ 351. Obligations of cooperative marketing association as issued or drawn for agricultural purposes
§ 352. Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
§ 352a. Repealed. Pub. L. 85–699, title VI, § 601, Aug. 21, 1958, 72 Stat. 697
§ 353. Purchase and sale of cable transfers, acceptances and bills
§ 354. Transactions involving gold coin, bullion, and certificates
§ 355. Purchase and sale of obligations of National, State, and municipal governments; open market operations; purchases and sales from or to United States; maximum aggregate amount of obligations acquired directly from or loaned directly to United States
§ 356. Purchase of commercial paper from member banks and sale of same
§ 357. Establishment of rates of discount
§ 358. Establishment of accounts for purposes of open-market operations; correspondents and agencies
§ 359. Purchase and sale of acceptances of intermediate credit banks and agricultural credit corporations
§ 359a. Omitted
§ 360. Receiving checks and drafts on deposit at par; charges for collections, exchange, and clearances
§ 361. Bills receivable, bills of exchange, acceptances; regulations by Board of Governors
§§ 362 to 364. Omitted

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