[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC144]
TITLE 12--BANKS AND BANKING
CHAPTER 2--NATIONAL BANKS
SUBCHAPTER VIII--RESERVE CITIES; LAWFUL RESERVES
Sec. 144. Certain balances counted toward reserves in
dependencies and insular possessions
Four-fifths of the reserve of 15 per centum which a national bank
located in a dependency or insular possession or any part of the United
States outside of the continental United States, and not a member of the
Federal Reserve System, is required to keep, may consist of balances due
such bank from associations approved by the Comptroller of the Currency
and located in any one of the reserve cities as now or hereafter defined
by law or designated by the Board of Governors of the Federal Reserve
System.
(R.S. Sec. 5192; July 1, 1952, ch. 536, 66 Stat. 314; Pub. L. 86-70,
Sec. 7, June 25, 1959, 7
