Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
1.7 KiB
Markdown
42 lines
1.7 KiB
Markdown
---
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type: "LegalText"
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title: "12 U.S.C. § 354"
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description: "Transactions involving gold coin, bullion, and certificates"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 12
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title_name: "BANKS AND BANKING"
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chapter_number: "3"
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chapter_name: "FEDERAL RESERVE SYSTEM"
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section: "354"
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citation: "12 U.S.C. § 354"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
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source_identifier: "/us/usc/t12/s354"
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source_file: "data/legal/raw/us/code/title-12/usc12.xml"
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source_hash: "22e0d9fbfe0e1b477fe095e71b8892bde6ed8471bdf6adbc14214a8107ac324d"
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raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
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text_hash: "bd5dcd29725ec8e937649831821e014a7c2980b9ecbfb9185383b961c0478c17"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 12 U.S.C. § 354 - Transactions involving gold coin, bullion, and certificates
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## Text
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Every Federal reserve bank shall have power to deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion, giving therefor, when necessary, acceptable security, including the hypothecation of United States bonds or other securities which Federal reserve banks are authorized to hold.
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(Dec. 23, 1913, ch. 6, § 14(a), 38 Stat. 264.)
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## Notes
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Editorial Notes
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Codification Section is comprised of subsec. (a) of section 14 of act Dec. 23, 1913. For classification to this title of remainder of section 14, see Codification note set out under section 353 of this title.
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