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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LegalText 12 U.S.C. § 352a Repealed. Pub. L. 85699, title VI, § 601, Aug. 21, 1958, 72 Stat. 697 us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 352a 12 U.S.C. § 352a 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/s352a data/legal/raw/us/code/title-12/usc12.xml 31b609fa8d9d2124c5575cc94a6e561b98fe8fa24d2d2d773c279b3bc2ebef53 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 6b1d1c5f6e3b17246bf47fce473d3ff7af6e0a499b05596a9dcd8166cf780c06 2026-07-04 official
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12 U.S.C. § 352a - Repealed. Pub. L. 85699, title VI, § 601, Aug. 21, 1958, 72 Stat. 697

Notes

Section, act Dec. 23, 1913, ch. 6, § 13b, as added June 19, 1934, ch. 653, § 1, 48 Stat. 1105; amended Aug. 23, 1935, ch. 614, title III, § 323, 49 Stat. 714, authorized Federal Reserve Banks to make loans to industrial and commercial businesses and to discount or purchase industrial obligations from financial institutions, and created an industrial advisory committee.

Statutory Notes and Related Subsidiaries

Effective Date of RepealPub. L. 85699, title VI, § 601, Aug. 21, 1958, 72 Stat. 697, provided that the repeal of this section is effective one year after Aug. 21, 1958.

Savings ProvisionPub. L. 85699, title VI, § 601, Aug. 21, 1958, 72 Stat. 697, provided that the repeal of this section shall not affect the power of any Federal Reserve bank to carry out, or protect its interest under, any agreement theretofore made or transaction entered into in carrying on operations under this section.

Fund for Management CounselingPub. L. 85699, title VI, § 602(a), (b), Aug. 21, 1958, 72 Stat. 698, required Federal Reserve banks to repay to the United States certain amounts paid to them under 12 U.S.C. 352a, such amounts to be covered into a special fund for grants under section 636 of Title 15, Commerce and Trade. See text of note set out under that section.