23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System. 30, 1934, struck out from last sentence provision permitting redemption in gold. Explore the latest videos from hashtags: 12usc411, 12s11, 1241112. Watch popular content from the following creators: user8718633998167(vivivonzombie), Naqueen Zaire(naqueenzaire), Creatures Of Law(creaturesoflaw), competentminds(competentminds), ron the don(ronaldwolfe00).

23, 1913, formerly classified to section 422 of this title, was superseded by act June 26, 1934, ch. Discover short videos related to 12 usc 411 on TikTok. 11 (formerly 12) of section 16 of act Dec. 23, 1913, formerly classified to sections 415 and 467, respectively, of this title, were repealed by Pub. 2 to 5, 6 (formerly 7), 7 to 10 (formerly 8 to 11, respectively), 12 (formerly 13), 13 (formerly 14), and 14 to 16 (formerly 15, 16, and 18, respectively) of section 16 of act Dec. For classification of these sections to the Code, see Tables. Reference probably means as set forth in sections 17 et seq. Phrase “hereinafter set forth” is from section 16 of the Federal Reserve Act, act Dec. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues.

Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized.