Source: https://www.law.cornell.edu/uscode/text/12/345
Timestamp: 2017-06-25 07:40:40
Document Index: 357586309

Matched Legal Cases: ['§ 345', '§ 345', '§ 345', '§\u202f13', 'art 201', 'art 237']

12 U.S. Code § 345 - Rediscount of notes, drafts, and bills for member banks; limitation of amount | US Law | LII / Legal Information Institute
U.S. Code › Title 12 › Chapter 3 › Subchapter IX › § 345 12 U.S. Code § 345 - Rediscount of notes, drafts, and bills for member banks; limitation of amount
Rediscount of notes, drafts, and bills for member banks; limitation of amount
The aggregate of notes, drafts, and bills upon which any person, copartnership, association, or corporation is liable as maker, acceptor, indorser, drawer, or guarantor, rediscounted for any member bank, shall at no time exceed the amount for which such person, copartnership, association, or corporation may lawfully become liable to a national banking association under the terms of section 84 of this title: Provided, however, That nothing in this section shall be construed to change the character or class of paper now eligible for rediscount by Federal reserve banks.
(Dec. 23, 1913, ch. 6, § 13 (par.), 38 Stat. 264; Mar. 3, 1915, ch. 93, 38 Stat. 958; Sept. 7, 1916, ch. 461, 39 Stat. 752; Apr. 12, 1930, ch. 140, 46 Stat. 162.)
Section is comprised of the fifth par. of section 13 of act Dec. 23, 1913, as amended. The fifth par. constituted the third par. of section 13 in 1916 (39 Stat. 752), became the fourth par. in 1923 (42 Stat. 1478), and became the fifth par. in 1932 (47 Stat. 715). For further details, see Codification notes set out under sections 343 and 344 of this title. For classification to this title of other pars. of section 13, see Codification note set out under section 342 of this title.
1930—Act Apr. 12, 1930, among other changes, inserted proviso.
This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.12 CFR - Banks and Banking12 CFR Part 201 - EXTENSIONS OF CREDIT BY FEDERAL RESERVE BANKS (REGULATION A)12 CFR Part 237 - SWAPS MARGIN AND SWAPS PUSH-OUT