§ 226. — "Federal Reserve Act."
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC226]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER I--DEFINITIONS, ORGANIZATION, AND GENERAL PROVISIONS
AFFECTING SYSTEM
Sec. 226. ``Federal Reserve Act''
The short title of the Act of December 23, 1913, ch. 6, 38 Stat.
251, shall be the ``Federal Reserve Act.''
(Dec. 23, 1913, ch. 6, Sec. 1, 38 Stat. 251.)
References in Text
The Federal Reserve Act, referred to in text, is classified to
sections 1, 35, 59, 64, 82, 90, 101a, 104, 121, 141, 142, 221, 222 to
226, 241 to 247a, 248(a) to (m), (o), 261 to 263, 281 to 283, 285 to
290, 301 to 308, 321 to 329, 330 to 336, 337, 338, 341 to 347c, 348 to
352, 352a, 353 to 360, 371 to 372, 374 to 376, 391 to 393, 411 to 416,
418 to 421, 441 to 444, 446 to 448, 461, 462, 462a-1, 462b, 462c, 463 to
467, 481 to 486, 501a to 503, 521, 522, 531, 601 to 604, 611 to 632 of
this title, and section 409 of former Title 31, Money and Finance. See,
also, section 19 of Title 15, Commerce and Trade; sections 217 to 219,
655, 1005, 1014, 1906 and 1909 of Title 18, Crimes and Criminal
Procedure, and section 725(b) of former Title 31, Money and Finance. For
complete classification of this Act to the Code, see Tables.
Short Title of 1996 Amendment
Pub. L. 104-208, div. A, title II, Sec. 2001(a), Sept. 30, 1996, 110
Stat. 3009-394, provided that: ``This title [see Tables for
classification] may be cited as the `Economic Growth and Regulatory
Paperwork Reduction Act of 1996'.''
Short Title of 1992 Amendment
Pub. L. 102-491, Sec. 1, Oct. 24, 1992, 106 Stat. 3144, provided
that: ``This Act [amending section 522 of this title] may be cited as
the `Federal Reserve Bank Branch Modernization Act'.''
Short Title of 1987 Amendment
Pub. L. 100-86, Sec. 1(a), Aug. 10, 1987, 101 Stat. 552, provided
that: ``This Act [enacting sections 371c-1, 1439-1, 1441, 1442a, 1467,
1467a, 1730h, 1730i, 1772b, 1772c, 3806, and 4001 to 4010 of this title
and section 3334 of Title 31, Money and Finance, amending sections 24,
248a, 481, 619, 1430, 1436, 1464, 1467, 1725 to 1727, 1729 to 1730a,
1730h, 1757, 1761a, 1761b, 1764, 1766, 1767, 1785 to 1788, 1813, 1817,
1821, 1823, 1828, 1831d, 1832, 1841 to 1843, 1846, 1849, and 3106 of
this title, sections 905 and 906 of Title 2, The Congress, sections 45,
46, and 57a of Title 15, Commerce and Trade, and sections 3328, 3702,
3712, 9101, and 9105 of Title 31, providing for future repeal of
sections 1442a, 1467a, and 1730i of this title, enacting provisions set
out as notes under sections 226, 248a, 619, 1437, 1441, 1464, 1467,
1467a, 1730, 1730a, 1751, 1811, 1841, and 4001 of this title and section
3328 of Title 31, and amending provisions set out as a note under
section 1729 of this title] may be cited as the `Competitive Equality
Banking Act of 1987'.''
Pub. L. 100-86, title I, Sec. 100, Aug. 10, 1987, 101 Stat. 554,
provided that: ``This title [enacting section 371c-1 of this title,
amending sections 24, 619, 1430, 1730, 1730a, 1813, 1828, 1831d, 1832,
1841 to 1843, and 1846 of this title, and enacting provisions set out as
notes under sections 226, 619, 1730a, and 1841 of this title] may be
cited as the `Competitive Equality Amendments of 1987'.''
Pub. L. 100-86, title III, Sec. 301, Aug. 10, 1987, 101 Stat. 585,
provided that: ``This title [enacting section 1441 of this title,
amending sections 1430, 1436, 1725, 1727, and 1730 of this title and
section 9101 of Title 31, Money and Finance, and enacting provisions set
out as a note under section 1730 of this title] may be cited as the
`Federal Savings and Loan Insurance Corporation Recapitalization Act of
1987'.''
Pub. L. 100-86, title IV, Sec. 401, Aug. 10, 1987, 101 Stat. 604,
provided that: ``This title [enacting sections 1442a, 1467, 1467a,
1730h, and 1730i of this title, amending sections 1464, 1467, 1729 to
1730a, and 1730h of this title, and section 9105 of Title 31, Money and
Finance, providing for future repeal of sections 1442a, 1467a, and 1730i
of this title, and enacting provisions set out as notes under sections
1437, 1441, 1467, and 1467a of this title] may be cited as the `Thrift
Industry Recovery Act'.''
Short Title of 1982 Amendment
Pub. L. 97-320, Sec. 1, Oct. 15, 1982, 96 Stat. 1469, provided that:
``This Act [enacting sections 216 to 216d, 1701j-3, 1795j, 1866, 1867,
3208, and 3801 to 3805 of this title and section 1099 of Title 20,
Education, amending sections 22, 24, 27, 29, 30, 84, 93, 94, 95, 371,
371c, 375a, 375b, 461, 484, 504, 505, 1425a, 1426, 1428a, 1430, 1431,
1436, 1437, 1462, 1464, 1718, 1719, 1725, 1726, 1727, 1728, 1729, 1730,
1730a, 1752, 1752a, 1753, 1755, 1757, 1760, 1761, 1761a, 1761b, 1761c,
1763, 1764, 1766, 1770, 1771, 1782, 1783, 1785, 1786, 1795f, 1813, 1814,
1815, 1817, 1818, 1820, 1821, 1822, 1823, 1828, 1831c, 1832, 1841, 1842,
1843, 1847, 1861, 1862, 1863, 1864, 1865, 1972, 3106, 3204, 3305, 3412,
3414, and 3503 of this title, section 109 of Title 11, Bankruptcy,
sections 1602 and 1603 of Title 15, Commerce and Trade, and sections
8103 and 8105 of Title 42, The Public Health and Welfare, repealing
section 82 of this title and provisions set out as a note under section
461 of this title, enacting provisions set out as notes under this
section, sections 84, 371, 371c, 1461, 1464, 1811, 1817, 1823, 3503, and
3801 of this title, and sections 1602 and 1603 of Title 15, and amending
provisions set out as notes under sections 92 and 191 of this title] may
be cited as the `Garn-St Germain Depository Institutions Act of 1982'.''
Pub. L. 97-320, title IV, Sec. 410(a), Oct. 15, 1982, 96 Stat. 1515,
provided that: ``This section [amending sections 371c, 375b, 1820, 1828
and 1972 of this title, and enacting provisions set out as a note under
section 371c of this title] may be cited as the `Banking Affiliates Act
of 1982'.''
Short Title of 1980 Amendment
Pub. L. 96-221, Sec. 1, Mar. 31, 1980, 94 Stat. 132, provided that:
``This Act [enacting sections 4a, 86a, 93a, 248a, 1730g, 1735f-7a,
1831d, and 3501 to 3524 of this title, and section 1646 of Title 15,
Commerce and Trade, amending sections 24, 27, 29, 51b, 51b-1, 72, 85,
92, 95, 214a, 248, 342, 347b, 355, 360, 371a, 412, 461, 463, 481, 1425a,
1425b, 1431, 1464, 1724, 1726, 1728, 1752, 1757, 1763, 1785, 1787, 1795,
to 1795i, 1813, 1817, 1821, 1828, 1832, 1842, and 1843 of this title,
and sections 57a, 687, 1602 to 1607, 1610, 1612, 1613, 1631, 1632, 1635,
1637, 1638, 1640, 1641, 1643, 1663, 1664, 1665a, 1666, 1666d, 1667d, and
1691f of Title 15, repealing sections 86a, 371b-1, 1730e, and 1831a of
this title, and sections 1614, 1636, and 1639 of Title 15, enacting
provisions set out as notes under this section, sections 27, 85, 86a,
191, 248, 355, 371a, 1425a, 1724, 1730g, 1735f-7, 1735f-7a, 1787, 1813,
1817, 3101, 3501, and 3521 of this title, and sections 1601, 1602, and
1607 of Title 15, and repealing provisions set out as notes under
sections 85, 86a, 371b-1, and 1831a of this title] may be cited as the
`Depository Institutions Deregulation and Monetary Control Act of
1980'.''
Pub. L. 96-221, title I, Sec. 101, Mar. 31, 1980, 94 Stat. 132,
provided that: ``This title [enacting section 248a of this title,
amending sections 248, 342, 347b, 355, 360, 412, 461, 463, and 1425a of
this title and enacting provisions set out as notes under sections 248
and 355 of this title] may be cited as the `Monetary Control Act of
1980'.''
Pub. L. 96-221, title III, Sec. 301, Mar. 31, 1980, 94 Stat. 145,
provided that: ``This title [amending sections 371a, 1431, 1464, 1724,
1728, 1752, 1757, 1763, 1785, 1787, 1795 to 1795i, 1813, 1817, 1821,
1828, and 1832 of this title and enacting provisions set out as notes
under sections 371a, 1724, 1787, 1813, and 1817 of this title] may be
cited as the `Consumer Checking Account Equity Act of 1980'.''
Short Title of 1978 Amendment
Pub. L. 95-630, Sec. 1, Nov. 10, 1978, 92 Stat. 3641, provided:
``That this Act [enacting sections 375b, 504, 505, 635a-1 to 635a-3,
1795 to 1795i, 1831c, 3106a, 3201 to 3207, 3301 to 3308, and 3401 to
3422 of this title, sections 1693 to 1693r of Title 15, Commerce and
Trade, and section 2153e-1 of Title 42, The Public Health and Welfare,
amending sections 27, 93, 375a, 412, 635, 635e to 635g, 1451, 1462,
1464, 1715z-10, 1726, 1728 to 1730a, 1752 to 1756, 1757 to 1759, 1761 to
1763, 1766, 1767, 1771, 1772a, 1781 to 1789, 1795b to 1795g, 1813, 1817
to 1821, 1828, 1832, 1843, 1844, 1847, 1865, 1972, and 2902 of this
title, sections 5108, 5314, and 5315 of Title 5, Government Organization
and Employees, sections 709 and 1114 of Title 18, Crimes and Criminal
Procedure, and sections 67 and 856 of former Title 31, Money and
Finance, enacting provisions set out as notes under sections 27, 93,
375b, 461, 601, 635, 1451, 1728, 1730, 1751, 1752, 1795, 1817, 1832,
3201, 3301, 3401, and 3415 of this title, and sections 1601 and 1693 of
Title 15; and amending provisions set out as notes under this section,
section 461 of this title, and section 1666f of Title 15] may be cited
as the `Financial Institutions Regulatory and Interest Rate Control Act
of 1978'.''
Short Title of 1977 Amendment
Pub. L. 95-188, title II, Sec. 201, Nov. 16, 1977, 91 Stat. 1387,
provided that: ``This title [enacting section 225a of this title,
amending sections 242 and 302 of this title and section 208 of Title 18,
Crimes and Criminal Procedure, and enacting provisions set out as a note
under section 242 of this title] may be cited as the `Federal Reserve
Reform Act of 1977'.''
Short Title of 1932 Amendment
Act Feb. 27, 1932, ch. 58, 47 Stat. 56, which enacted sections 347a
and 347b of this title, and amended section 412 of this title, is
popularly known as the Glass-Steagall Act, 1932.
Separability; Right To Amend, Alter or Repeal
Pub. L. 100-86, title XII, Sec. 1205, Aug. 10, 1987, 101 Stat. 663,
provided that: ``If any provision of this Act [see Short Title of 1987
Amendment note above] or the application thereof to any person or
circumstances is held invalid, the remainder of the Act and the
application of the provision to other persons not similarly situated or
to other circumstances shall not be affected thereby.''
Sections 30 and 31, formerly 29 and 30, respectively, of act Dec.
23, 1913, as renumbered by act Nov. 10, 1978, Pub. L. 95-630, title I,
Sec. 101, 92 Stat. 3641, provided:
``Sec. 30. If any clause, sentence, paragraph, or part of this Act
shall for any reason be adjudged by any court of competent jurisdiction
to be invalid, such judgment shall not affect, impair, or invalidate the
remainder of this Act, but shall be confined in its operation to the
clause, sentence, paragraph, or part thereof directly involved in the
controversy in which such judgment shall have been rendered.
``Sec. 31. The right to amend, alter, or repeal this Act is hereby
expressly reserved.''
