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Title 12 — Banks and Banking

Chapter 2 — National Banks

§ 121a. Redemption of notes unidentifiable as to bank of issue

Statutory text

Whenever any Federal Reserve bank notes or Federal Reserve notes are presented to the Treasurer of the United States for redemption and such notes cannot be identified as to the bank of issue or the bank through which issued, the Treasurer of the United States may redeem such notes under such rules and regulations as the Secretary of the Treasury may prescribe.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

  1. Pub. L. 73–62 § 1 · 48 Stat. 127

    Enacted · 12 U.S.C. § 121a

    June 13, 1933, ch. 62, § 1, 48 Stat. 127

    Source evidence

    Code source credit
    June 13, 1933, ch. 62, § 1, 48 Stat. 127

  2. Pub. L. 89–427 § 4(a) · 80 Stat. 161

    Changed · 12 U.S.C. § 121a

    Pub. L. 89–427 excepted Federal Reserve notes from the category of notes which, upon redemption by the Treasurer of the United States, must be forwarded to the Comptroller of the Currency for cancellation and destruction

    Source evidence

    Code amendment note
    Pub. L. 89–427 excepted Federal Reserve notes from the category of notes which, upon redemption by the Treasurer of the United States, must be forwarded to the Comptroller of the Currency for cancellation and destruction.

    Enacted provision · exact public law section
    (a) The first section of the Act of June 13, 1933 (48 Stat. 127, 12 U.S.C. 121a), is amended by inserting “, other than Federal Reserves notes,” immediately before “so redeemed shall be forwarded to the Comptroller of the Currency for cancellation and destruction.”

  3. Riegle Community Development and Regulatory Improvement Act of 1994

    Pub. L. 103–325 § 602(g)(8)(A)(ii) · 108 Stat. 2160

    Struck · 12 U.S.C. § 121a

    Pub. L. 103–325, § 602(g)(8)(A)(ii), which directed the amendment of this section by striking out “, and the notes, other than Federal Reserves notes, so redeemed shall be forwarded to the Comptroller of the Currency for cancellation and destruction” after “Treasury may prescribe”, was executed by striking out text which contained the word “Reserves” rather than “Reserve”, to reflect the probable intent of Congress

    Source evidence

    Code amendment note
    Pub. L. 103–325, § 602(g)(8)(A)(ii), which directed the amendment of this section by striking out “, and the notes, other than Federal Reserves notes, so redeemed shall be forwarded to the Comptroller of the Currency for cancellation and destruction” after “Treasury may prescribe”, was executed by striking out text which contained the word “Reserves” rather than “Reserve”, to reflect the probable intent of Congress.

    Enacted provision · exact public law section
    (ii) by striking “, and the notes, other than Federal Reserve notes, so redeemed shall be forwarded to the Comptroller of the Currency for cancellation and destruction”; and

  4. Riegle Community Development and Regulatory Improvement Act of 1994

    Pub. L. 103–325 § 602(g)(8)(A)(i) · 108 Stat. 2160

    Substituted · 12 U.S.C. § 121a

    Pub. L. 103–325, § 602(g)(8)(A)(i), substituted “Whenever any Federal Reserve bank notes,” for “Whenever any national-bank notes, Federal Reserve bank notes,”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 103–325, § 602(g)(8)(A)(i), substituted “Whenever any Federal Reserve bank notes,” for “Whenever any national-bank notes, Federal Reserve bank notes,”.

    Enacted provision · exact public law section
    (i) by striking “whenever any national-bank notes, Federal Reserve bank notes,” and inserting “whenever any Federal Reserve bank notes”; and

3 of 4 references resolved to an enrolled provision · 1 partial

Editorial Notes

Amendments1966–1994 · 2 rounds

1994

Pub. L. 103–325, § 602(g)(8)(A)(ii), which directed the amendment of this section by striking out “, and the notes, other than Federal Reserves notes, so redeemed shall be forwarded to the Comptroller of the Currency for cancellation and destruction” after “Treasury may prescribe”, was executed by striking out text which contained the word “Reserves” rather than “Reserve”, to reflect the probable intent of Congress.

Pub. L. 103–325, § 602(g)(8)(A)(i), substituted “Whenever any Federal Reserve bank notes,” for “Whenever any national-bank notes, Federal Reserve bank notes,”.

1966

Pub. L. 89–427 excepted Federal Reserve notes from the category of notes which, upon redemption by the Treasurer of the United States, must be forwarded to the Comptroller of the Currency for cancellation and destruction.

Executive Documents

Transfer of Functions

For transfer of functions to Secretary of the Treasury, see note set out under section 55 of this title.

Credits

1933–1994 · 3 acts
  1. 1933June 13, 1933, ch. 62, § 1, 48 Stat. 127
  2. 1966Pub. L. 89–427, § 4(a), , 80 Stat. 161
  3. 1994Pub. L. 103–325, title VI, § 602(g)(8)(A), , 108 Stat. 2294.
Show as published

(June 13, 1933, ch. 62, § 1, 48 Stat. 127; Pub. L. 89–427, § 4(a), , 80 Stat. 161; Pub. L. 103–325, title VI, § 602(g)(8)(A), , 108 Stat. 2294.)

Parsed from the official OLRC USLM XML in data/usc_all/usc12.xml · release point 119-108 · OLRC build 2026-07-23

USLM identifier /us/usc/t12/s121a