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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. § 420 Control and direction of plates and dies; expense of issue and retirement of notes paid by banks us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 420 12 U.S.C. § 420 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/s420 data/legal/raw/us/code/title-12/usc12.xml 1833545da01e42bda4c701f085b79dc565cd10438178d42a4fd801bdf5c551ae e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 42469b8e1988fe76375604e112f4f807bab3fa24fc090cbe0a6f540bb44b5b56 2026-07-04 official
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12 U.S.C. § 420 - Control and direction of plates and dies; expense of issue and retirement of notes paid by banks

Text

The plates and dies to be procured by the Secretary of the Treasury for the printing of such circulating notes shall remain under his control and direction, and the expenses necessarily incurred in executing the laws relating to the procuring of such notes, and all other expenses incidental to their issue and retirement, shall be paid by the Federal reserve banks, and the Board of Governors of the Federal Reserve System shall include in its estimate of expenses levied against the Federal reserve banks a sufficient amount to cover the expenses herein provided for.

(Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 267; Pub. L. 103325, title VI, § 602(g)(5), Sept. 23, 1994, 108 Stat. 2293.)

Notes

Editorial Notes

References in TextPhrase “herein provided for”, referred to in text, probably means as provided for in section 16 of act Dec. 23, 1913. For classification to this title of section 16, see Codification note set out under section 411 of this title.

Codification Section is comprised of the ninth par. (formerly the tenth par.) of section 16 of act Dec. 23, 1913. For classification to this title of other pars. of section 16, see Codification note set out under section 411 of this title.

Amendments1994—Pub. L. 103325, which directed amendment of “[t]he 10th undesignated paragraph of section 16 of the Federal Reserve Act (12 U.S.C. 420)” by substituting “Secretary of the Treasury” for “Comptroller of the Currency” and “Board of Governors of the Federal Reserve System” for “Federal Reserve Board”, was executed by making the substitutions in this section to reflect the probable intent of Congress.