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.
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. 127Pub. 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.”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”; andRiegle 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
- 1933June 13, 1933, ch. 62, § 1, 48 Stat. 127
- 1966Pub. L. 89–427, § 4(a), , 80 Stat. 161
- 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.)