BS
Boise Standard
Treasure Valley · AI Directory
12 U.S.C. · Banks and Banking
12 U.S.C. § 463

Limitation on amount of balance with any depository institution without access to Federal Reserve advances

Ch. 3 — FEDERAL RESERVE SYSTEM
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 3
Statutory Text

12 U.S.C. § 463 — Limitation on amount of balance with any depository institution without access to Federal Reserve advances

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 3 - FEDERAL RESERVE SYSTEM SUBCHAPTER XIV - BANK RESERVES Sec. 463 - Limitation on amount of balance with any depository institution without access to Federal Reserve advances From the U.S. Government Publishing Office, www.gpo.gov

§463. Limitation on amount of balance with any depository institution without access to Federal Reserve advances

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 1 of this title a sum in excess of 10 per centum of its own paid-up capital and surplus.

(Dec. 23, 1913, ch. 6, §19(e), formerly §19 (par. 8), 38 Stat. 270; Aug. 15, 1914, ch. 252, 38 Stat. 691; June 21, 1917, ch. 32, §10, 40 Stat. 239; renumbered §19(e), Pub. L. 89–597, §2(b), Sept. 21, 1966, 80 Stat. 824; Pub. L. 96–221, title I, §105(e), Mar. 31, 1980, 94 Stat. 140.)

Editorial Notes

References in Text Section 347b of this title, referred to in text, was in the original a reference to section 10(b) of this Act, meaning section 10(b) of the Federal Reserve Act. Section 10(b) of that Act was renumbered section 10B by Pub. L. 102–242, title I, §142(a)(2), Dec. 19, 1991, 105 Stat. 2279, without a corresponding amendment to this section.

Codification Section is comprised of part of subsec. (e), formerly eighth par., of section 19 of act Dec. 23, 1913, as redesignated by Pub. L. 89–597. Remainder of subsec. (e) of such section 19 is classified to section 374 of this title.

Amendments 1980—Pub. L. 96–221 substituted provisions limiting amount of balance required to be kept with any depository institution without access to Federal Reserve advances, for provisions limiting amount of balance required  to  be  kept  with  any  State  bank  or  trust company.

Statutory Notes and Related Subsidiaries

Effective Date of 1980 Amendment Amendment by Pub. L. 96–221 effective on first day of sixth month which begins after Mar. 31, 1980, see section 108 of Pub. L. 96–221, set out as a note under section 248 of this title.

1 See References in Text note below.

Source: uscode.house.gov — public domain Official Source ↗
Root-LD Entity Data
◈ Machine-Readable Provenance Record Root-LD v1.0 · boisestandard.org
Federation ID
BS-USC12-SEC-5FE0B3
Entity Class
STATUTE / FEDERAL-CODE-SECTION
Domain Signature
boisestandard.org
Citation
12 U.S.C. § 463
Jurisdiction
Federal — United States
Status
✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
Content Hash
8908bbdd1435678f...
Semantic Edges
Pending — corpus passes queued
The statutory text of 12 U.S.C. § 463 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
Navigate Corpus — Title 12
← 12 U.S.C. § 462b 12 U.S.C. § 464 →
Ch. 3 — FEDERAL RESERVE SYSTEM
12 U.S.C. § 22112 U.S.C. § 221a12 U.S.C. § 22212 U.S.C. § 22312 U.S.C. § 22412 U.S.C. § 22512 U.S.C. § 225a12 U.S.C. § 225b12 U.S.C. § 22612 U.S.C. § 22712 U.S.C. § 22812 U.S.C. § 24112 U.S.C. § 24212 U.S.C. § 24312 U.S.C. § 24412 U.S.C. § 24512 U.S.C. § 24612 U.S.C. § 24712 U.S.C. § 247a12 U.S.C. § 247b12 U.S.C. § 24812 U.S.C. § 248112 U.S.C. § 248a12 U.S.C. § 248b12 U.S.C. § 248c12 U.S.C. § 24912 U.S.C. § 25012 U.S.C. § 25112 U.S.C. § 25212 U.S.C. § 253
12 U.S.C. — public domain ← All Legislation
◈ Provenance
boisestandard.org → United States → Law → U.S. Code → Title 12 → 12 U.S.C. § 463