yourstate.us
Home / United States / 12 U.S.C.
12 U.S.C. § 374

Acting as agent for nonmember bank in getting discounts from reserve bank

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

Banking, Finance & Insurance
Get this as JSONEmbed this
Cite this
Citation
12 U.S.C. § 374, Acting as agent for nonmember bank in getting discounts from reserve bank, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437352
Permanent ID
ys:prov:437352@1
SHA-256
ae1789969019f2cdd6a2d146baf9d7f7c300c03f006abe783e78bb5acbc9a5f9

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal reserve bank under the provisions of this chapter, except by permission of the Board of Governors of the Federal Reserve System.

Legislative history

We haven't linked the enacting public law for this provision yet. That means it is missing from our records, not that no law enacted it.