§ 419. — Delivery of notes prior to delivery to banks.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC419]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER XII--FEDERAL RESERVE NOTES
Sec. 419. Delivery of notes prior to delivery to banks
When such notes have been prepared, the notes shall be delivered to
the Board of Governors of the Federal Reserve System subject to the
order of the Secretary of the Treasury for the delivery of such notes in
accordance with this chapter.
(Dec. 23, 1913, ch. 6, Sec. 16 (par.), 38 Stat. 267; May 29, 1920, ch.
214, Sec. 1, 41 Stat. 654; Pub. L. 103-325, title VI, Sec. 602(g)(4),
Sept. 23, 1994, 108 Stat. 2293.)
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.
Codification
Section is comprised of ninth par. of section 16 of act Dec. 23,
1913. For classification to this title of other pars. of section 16, see
Codification note set out under section 411 of this title.
Amendments
1994--Pub. L. 103-325 amended section generally. Prior to amendment,
section read as follows: ``When such notes have been prepared, they
shall be deposited in the Treasury, or in the designated depositary or
mint of the United States nearest the place of business of each Federal
reserve bank and shall be held for the use of such bank subject to the
order of the Comptroller of the Currency for their delivery, as provided
by this chapter.''
Section Referred to in Other Sections
This section is referred to in sections 348, 420, 421, 467 of this
title.
