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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 122a Redeemed notes of unidentifiable issue; funds charged against us united_states_code code_section 12 BANKS AND BANKING 2 NATIONAL BANKS 122a 12 U.S.C. § 122a current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s122a data/legal/raw/us/code/title-12/usc12.xml 1a03c933fb3bb566918177ecb6589e15935592cf161dfe6e95f73618a439056d e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 4dbcd435e41d949f36212532081fce883516b4b51ac571ed1f468a32bee79107 2026-07-04 official
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12 U.S.C. § 122a - Redeemed notes of unidentifiable issue; funds charged against

Text

Federal Reserve bank notes redeemed by the Treasurer of the United States under section 121a of this title shall be charged against the balance of deposits for the retirement of Federal Reserve bank notes under the provisions of sections 122 and 445 11 See References in Text note below. of this title; and charges for Federal Reserve notes redeemed by the Treasurer of the United States under section 121a of this title shall be apportioned among the twelve Federal Reserve banks as determined by the Board of Governors of the Federal Reserve System.

(June 13, 1933, ch. 62, § 2, 48 Stat. 128; Pub. L. 89427, § 4(b), May 20, 1966, 80 Stat. 161; Pub. L. 103325, title VI, § 602(g)(8)(B), Sept. 23, 1994, 108 Stat. 2294.)

Notes

Editorial Notes

References in TextSection 122 of this title, referred to in text, was repealed by Pub. L. 97258, § 5(b), Sept. 13, 1982, 96 Stat. 1068. Section 445 of this title, referred to in text, was repealed by act June 12, 1945, ch. 186, § 3, 59 Stat. 238.

Amendments1994—Pub. L. 103325 struck out “National-bank notes and” before “Federal Reserve bank notes redeemed” and “national-bank notes and” after “deposits for the retirement of”. 1966—Pub. L. 89427 substituted provisions allowing the Board of Governors of the Federal Reserve System to determine the proper apportioning between the Federal Reserve banks of the charges for the redemption by the Treasurer of the United States of Federal Reserve notes that are unidentifiable as to bank of issue for provisions that set out the exact formula for determining the proper apportioning of charges using a proportion based upon the amount of Federal Reserve notes of each Federal Reserve bank in circulation in the 31st day of December of the year preceding the date of redemption, with the amount apportioned under the formula charged by the Treas­urer of the United States against deposit in the gold-redemption fund made by the bank or its Federal Reserve agent.

Executive Documents

Transfer of Functions For transfer of functions to Secretary of the Treasury, see note set out under section 55 of this title.