§ 121a. — Redemption of notes unidentifiable as to bank of issue.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC121a]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER VI--REDEMPTION AND REPLACEMENT OF CIRCULATING NOTES
Sec. 121a. Redemption of notes unidentifiable as to bank of
issue
Whenever any Federal Reserve bank notes or Federal Reserve notes are
presented to the Treasurer of the United States for redemption and such
notes cannot be identified as to the bank of issue or the bank through
which issued, the Treasurer of the United States may redeem such notes
under such rules and regulations as the Secretary of the Treasury may
prescribe.
(June 13, 1933, ch. 62, Sec. 1, 48 Stat. 127; Pub. L. 89-427, Sec. 4(a),
May 20, 1966, 80 Stat. 161; Pub. L. 103-325, title VI,
Sec. 602(g)(8)(A), Sept. 23, 1994, 108 Stat. 2294.)
Amendments
1994--Pub. L. 103-325, Sec. 602(g)(8)(A)(ii), which directed the
amendment of this section by striking out ``, and the notes, other than
Federal Reserves notes, so redeemed shall be forwarded to the
Comptroller of the Currency for cancellation and destruction'' after
``Treasury may prescribe'', was executed by striking out text which
contained the word ``Reserves'' rather than ``Reserve'', to reflect the
probable intent of Congress.
Pub. L. 103-325, Sec. 602(g)(8)(A)(i), substituted ``Whenever any
Federal Reserve bank notes,'' for ``Whenever any national-bank notes,
Federal Reserve bank notes,''.
1966--Pub. L. 89-427 excepted Federal Reserve notes from the
category of notes which, upon redemption by the Treasurer of the United
States, must be forwarded to the Comptroller of the Currency for
cancellation and destruction.
Transfer of Functions
For transfer of functions to Secretary of the Treasury, see note set
out under section 121 of this title.
Section Referred to in Other Sections
This section is referred to in section 122a of this title.
