Notes on 12 U.S.C. § 347 : US Code - Notes

Search Notes on 12 U.S.C. § 347 : US Code - Notes

(Dec. 23, 1913, ch. 6, Sec. 13 (par.), as added Sept. 7, 1916, ch.
461, 39 Stat. 753; amended May 19, 1932, ch. 191, Sec. 6, 47 Stat.
160; May 12, 1933, ch. 25, title II, Sec. 28, 48 Stat. 46; June 16,
1933, ch. 89, Sec. 9, 48 Stat. 180; Jan. 31, 1934, ch. 7, Sec.
16(a), 48 Stat. 348; Apr. 27, 1934, ch. 168, Sec. 7(a), 48 Stat.
646; Aug. 23, 1935, ch. 614, title II, Sec. 203(a), 49 Stat. 704;
Pub. L. 87-353, Sec. 3(c), Oct. 4, 1961, 75 Stat. 773; Pub. L. 90-
505, Sec. 3(a), Sept. 21, 1968, 82 Stat. 856.)
REFERENCES IN TEXT
Section 1463 of this title, referred to in text, was repealed by
Pub. L. 89-554, Sec. 8(a), Sept. 6, 1966, 80 Stat. 648.
CODIFICATION
Section is comprised of the eighth par. of section 13 of act Dec.
23, 1913, as amended. The eighth par. constituted the sixth par. of
section 13 in 1916 (39 Stat. 752, 753), became the seventh par. in
1923 (42 Stat. 1478), and became the eighth par. in 1932 (47 Stat.
715). For further details, see Codification notes 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.
AMENDMENTS
1968 - Pub. L. 90-505 added promissory notes of members banks
secured by such obligations as are eligible for purchase under
section 355 of this title to the list of types of promissory notes
of member banks on which the Federal reserve bank may make advances
for periods not exceeding 90 days.
1961 - Pub. L. 87-353 struck out provision authorizing any
Federal reserve bank to make advances to its member banks on their
promissory notes secured by the deposit or pledge of Federal Farm
Mortgage Corporation bonds issued under the Federal Farm Mortgage
Corporation Act.
1934 - Act Apr. 27, 1934, inserted first phrase preceding the
semicolon in first sentence.
Act Jan. 31, 1934, inserted second phrase preceding the semicolon
in first sentence.
1933 - Act June 16, 1933, amended section generally.
Act May 12, 1933, added Federal farm-loan bonds as security for
advances.
1932 - Act May 19, 1932, inserted clause in first sentence which
begins "or by the deposit or pledge of debentures".
CHANGE OF NAME
Section 203(a) of act Aug. 23, 1935, changed name of Federal
Reserve Board to Board of Governors of the Federal Reserve System.
(!1) See References in Text note below.