Volume 57
Public Law 78–102
To extend the period during which direct obligations of the United States may be used as collateral security for Federal Reserve notes.
Approved May 25, 1943
Statutory text
AN ACT
To extend the period during which direct obligations of the United States may be used as collateral security for Federal Reserve notes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That the second
Federal Reserve notes.
Use of direct obligations as collateral security.
paragraph of section 16 of the Federal Reserve Act, as amended, is hereby amended by striking therefrom the words “until June 30, 1943” and by inserting in lieu thereof the words “until June 30, 1945”.
Approved May 25, 1943.