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12 U.S.C. § 354

Transactions involving gold coin, bullion, and certificates

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 354, Transactions involving gold coin, bullion, and certificates, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437331
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Every Federal reserve bank shall have power to deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion, giving therefor, when necessary, acceptable security, including the hypothecation of United States bonds or other securities which Federal reserve banks are authorized to hold.

Legislative history

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