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>
48 lines
2.1 KiB
Markdown
48 lines
2.1 KiB
Markdown
---
|
||
type: "LegalText"
|
||
title: "12 U.S.C. § 464"
|
||
description: "Checking against and withdrawal of reserve balance"
|
||
jurisdiction: "us"
|
||
corpus: "united_states_code"
|
||
kind: "code_section"
|
||
title_number: 12
|
||
title_name: "BANKS AND BANKING"
|
||
chapter_number: "3"
|
||
chapter_name: "FEDERAL RESERVE SYSTEM"
|
||
section: "464"
|
||
citation: "12 U.S.C. § 464"
|
||
status: "current"
|
||
release_point: "119-100"
|
||
release_date: "2026-06-26"
|
||
source: "official"
|
||
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
|
||
source_identifier: "/us/usc/t12/s464"
|
||
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
|
||
source_hash: "37b93f2f469e73fb9b9335e3b5fce1c70ccbb11c80591c6f653d8a5ff664585d"
|
||
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
|
||
text_hash: "d5a056aaf1ca297939722b2f7c1b75faa6b701da64927cea815dc6c4713dc02d"
|
||
retrieved_at: "2026-07-04"
|
||
confidence: "official"
|
||
tags: ["legal", "us-code"]
|
||
---
|
||
|
||
# 12 U.S.C. § 464 - Checking against and withdrawal of reserve balance
|
||
|
||
## Text
|
||
|
||
The required balance carried by a member bank with a Federal reserve bank may, under the regulations and subject to such penalties as may be prescribed by the Board of Governors of the Federal Reserve System, be checked against and withdrawn by such member bank for the purpose of meeting existing liabilities.
|
||
|
||
(Dec. 23, 1913, ch. 6, § 19(f), formerly § 19 (par. 9), 38 Stat. 270; Aug. 15, 1914, ch. 252, 38 Stat. 691; June 21, 1917, ch. 32, § 10, 40 Stat. 239; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704; July 7, 1942, ch. 488, § 3, 56 Stat. 648; renumbered § 19(f), Pub. L. 89–597, § 2(b), Sept. 21, 1966, 80 Stat. 824.)
|
||
|
||
## Notes
|
||
|
||
Editorial Notes
|
||
|
||
Codification Section is comprised of subsec. (f), formerly ninth par., of section 19 of act Dec. 23, 1913, as redesignated by Pub. L. 89–597.
|
||
|
||
Amendments1942—Act July 7, 1942, struck out proviso which prohibited making new loans or paying dividends until required balance was restored.
|
||
|
||
Statutory Notes and Related Subsidiaries
|
||
|
||
Change of Name Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.
|