12 U.S.C. § 463
Limitation on amount of balance with any depository institution without access to Federal Reserve advances
United States · Title 12 — BANKS AND BANKING · Status: effective
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- Citation
- 12 U.S.C. § 463, Limitation on amount of balance with any depository institution without access to Federal Reserve advances, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437388
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Full text
No member bank shall keep on deposit with any depository institution which is not authorized to have access to Federal Reserve advances under section 347b 11 See References in Text note below. of this title a sum in excess of 10 per centum of its own paid-up capital and surplus.
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 The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Depository Institutions Deregulation and Monetary Control Act of 1980House: no recorded tallySenate: no recorded tally