12 U.S.C. § 352
Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 352, Limitation on amount of obligations of certain maturities which may be discounted and rediscounted, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437328
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Full text
The Board of Governors of the Federal Reserve System may, by regulation, limit to a percentage of the assets of a Federal reserve bank the amount of notes, drafts, acceptances, or bills having a maturity in excess of three months, but not exceeding six months, exclusive of days of grace, which may be discounted by such bank, and the amount of notes, drafts, bills, or acceptances having a maturity in excess of six months, but not exceeding nine months, which may be rediscounted by such bank.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Federal Deposit Insurance Corporation Improvement Act of 1991House: no recorded tallySenate: 68–15