§ 224. — Status of reserve cities under former statutes.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC224]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER I--DEFINITIONS, ORGANIZATION, AND GENERAL PROVISIONS
AFFECTING SYSTEM
Sec. 224. Status of reserve cities under former statutes
The organization of reserve districts and Federal reserve cities
shall not be construed as changing the present status of reserve cities
except insofar as this chapter changes the amount of reserves that may
be carried with approved reserve agents located therein.
(Dec. 23, 1913, ch. 6, Sec. 2, 38 Stat. 251; Pub. L. 86-114,
Sec. 3(b)(5), July 28, 1959, 73 Stat. 264.)
References in Text
This chapter, referred to in text, was in the original ``this Act'',
meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251, as amended, known as the
Federal Reserve Act. For complete classification of this Act to the
Code, see References in Text note set out under section 226 of this
title and Tables.
Amendments
1959--Pub. L. 86-114 struck out ``and central reserve cities'' after
``reserve cities''.
Effective Date of 1959 Amendment
Amendment by Pub. L. 86-114 effective three years after July 28,
1959, see section 3(b) of Pub. L. 86-114, set out as a Central Reserve
and Reserve Cities note under section 141 of this title.
Prior Provisions
Provisions relating to reserve cities and central reserve cities
were contained in R.S. Secs. 5191, 5192, and act Mar. 3, 1887, ch. 378,
Secs. 1, 2, 24 Stat. 559, 560.
Section Referred to in Other Sections
This section is referred to in section 481 of this title.
