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12 U.S.C. § 361

Bills receivable, bills of exchange, acceptances; regulations by Board of Governors

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

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12 U.S.C. § 361, Bills receivable, bills of exchange, acceptances; regulations by Board of Governors, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437339
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The discount and rediscount and the purchase and sale by any Federal reserve bank of any bills receivable and of domestic and foreign bills of exchange, and of acceptances authorized by this chapter, shall be subject to such restrictions, limitations, and regulations as may be imposed by the Board of Governors of the Federal Reserve System.

Legislative history

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