Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section341&num=0&edition=prelim
Timestamp: 2020-07-05 08:41:58
Document Index: 408555369

Matched Legal Cases: ['§ 341', '§4', '§18', '§201', '§602', '§1107', '§201']

[USC02] 12 USC 341: General enumeration of powers
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12 USC 341: General enumeration of powers Text contains those laws in effect on July 4, 2020
Upon the filing of the organization certificate with the Comptroller of the Currency a Federal reserve bank shall become a body corporate and as such, and in the name designated in such organization certificate, shall have power-
(Dec. 23, 1913, ch. 6, §4 (pars.), 38 Stat. 254 ; Feb. 25, 1927, ch. 191, §18, 44 Stat. 1234 ; Aug. 23, 1935, ch. 614, title II, §201, 49 Stat. 703 ; Pub. L. 103–325, title VI, §602(g)(1), Sept. 23, 1994, 108 Stat. 2293 ; Pub. L. 111–203, title XI, §1107, July 21, 2010, 124 Stat. 2126 .)
This chapter, referred to in the Fifth, Seventh, and closing pars., was in the original "this Act", meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251 , as amended, known as the Federal Reserve Act. For complete classification of this Act to the Code, see References in Text note set out under section 226 of this title and Tables.
2010-Pub. L. 111–203 amended fifth power by substituting "The president shall be the chief executive officer of the bank and shall be appointed by the Class B and Class C directors of the bank, with the approval of the Board of Governors of the Federal Reserve System, for a term of 5 years; and all other executive officers and all employees of the bank shall be directly responsible to the president." for "The president shall be the chief executive officer of the bank and shall be appointed by the board of directors, with the approval of the Board of Governors of the Federal Reserve System, for a term of five years; and all other executive officers and all employees of the bank shall be directly responsible to him."
1994-Pub. L. 103–325 amended eighth power by substituting "Secretary of the Treasury" for "Comptroller of the Currency".
1935-Act Aug. 23, 1935, amended fifth power.
1927-Act Feb. 25, 1927, amended second power.
Act Aug. 23, 1935, ch. 614, title II, §201, 49 Stat. 703 , provided that the amendment made by that section is effective Mar. 1, 1936.