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12 U.S.C. § 356

Purchase of commercial paper from member banks and sale of same

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

Business & Commerce
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12 U.S.C. § 356, Purchase of commercial paper from member banks and sale of same, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437333
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Every Federal reserve bank shall have power to purchase from member banks and to sell, with or without its indorsement, bills of exchange arising out of commercial transactions, as hereinbefore defined.

Legislative history

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