12 U.S.C. § 2159
Purchase and sale of obligations
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 2159, Purchase and sale of obligations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438195
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Full text
Each bank of the System may purchase its own obligations and the obligations of other banks of the System and may provide for the sale of obligations issued by it, consolidated obligations, or Systemwide obligations through a fiscal agent or agents, by negotiation, offer, bid, syndicate sale, and to deliver such obligations by book entry, wire transfer, or such other means as may be appropriate.
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 The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Omnibus Budget Reconciliation Act of 1986House: no recorded tallySenate: no recorded tally
- Agricultural Credit Act of 1987House: no recorded tallySenate: no recorded tally
- Agriculture Improvement Act of 2018