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2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 224 Status of reserve cities under former statutes us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 224 12 U.S.C. § 224 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/s224 data/legal/raw/us/code/title-12/usc12.xml 201310742fa1f74c93299443cf083e8de35b782bec647462530a3b68a1a590bd e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa f67d829c43307a9b8391e58836c23455e6cf3eede2a89387b1264240af72652e 2026-07-04 official
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12 U.S.C. § 224 - Status of reserve cities under former statutes

Text

The organization of reserve districts and Federal reserve cities shall not be construed as changing the present status of reserve cities except in so far as this chapter changes the amount of reserves that may be carried with approved reserve agents located therein.

(Dec. 23, 1913, ch. 6, § 2 (part), 38 Stat. 253; Pub. L. 86114, § 3(b)(5), July 28, 1959, 73 Stat. 264.)

Notes

Editorial Notes

References in TextThis chapter, referred to in text, was in the original “this Act”, meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251, 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 part of the thirteenth par. of section 2 of act Dec. 23, 1913. Some of the other provisions of the thirteenth par. are classified to section 281 of this title, and some were not included in the Code. For classification of other pars. of section 2 of this Act, see Codification note set out under section 222 of this title.

Prior ProvisionsProvisions relating to reserve cities and central reserve cities were contained in R.S. §§ 5191, 5192, and act Mar. 3, 1887, ch. 378, §§ 1, 2, 24 Stat. 559, 560.

Amendments1959—Pub. L. 86114 struck out “and central reserve cities” after “reserve cities”.

Statutory Notes and Related Subsidiaries

Effective Date of 1959 AmendmentAmendment by Pub. L. 86114 effective three years after July 28, 1959, see section 3(b) of Pub. L. 86114, set out as a Central Reserve and Reserve Cities note under former section 141 of this title.