§ 144. Certain balances counted toward reserves in dependencies and insular possessions

Statutory text

Four-fifths of the reserve of 15 per centum which a national bank located in a dependency or insular possession or any part of the United States outside of the continental United States, and not a member of the Federal Reserve System, is required to keep, may consist of balances due such bank from associations approved by the Comptroller of the Currency and located in any one of the reserve cities as now or hereafter defined by law or designated by the Board of Governors of the Federal Reserve System.

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.

undated
R.S. § 5192
Enacted · 12 U.S.C. § 144
R.S. § 5192
Unresolved: No Public Law or Statutes at Large citation in the Code source.
Source evidence
Code source credit
R.S. § 5192
1959
Alaska Omnibus Act
Pub. L. 86–70 § 7 · 73 Stat. 141
Struck · 12 U.S.C. § 144
Pub. L. 86–70 struck out “in Alaska or” before “in a dependency”
Target inherited from the preceding amendment note.
Source evidence
Code amendment note
Pub. L. 86–70 struck out “in Alaska or” before “in a dependency”.
Enacted provision · exact public law section
Sec. 7. national bank act Section 5192 of the Revised Statutes, as amended (12 U.S.C. 144), 66 Stat. 314. is further amended by striking out the words “in Alaska or”.
1959
Pub. L. 86–114 § 3(b)(3) · 73 Stat. 263
Struck · 12 U.S.C. § 144
Pub. L. 86–114 struck out “central reserve or” before “reserve cities”
Source evidence
Code amendment note
Pub. L. 86–114 struck out “central reserve or” before “reserve cities”.
Enacted provision · exact public law section
(3) section 5192 of the Revised Statutes of the United States (12 U.S.C., sec. 144) is amended by striking out “central reserve 66 Stat. 314. or”;
Effective date note
Amendment by Pub. L. 86–114 effective three years after July 28, 1959, see section 3(b) of Pub. L. 86–114, set out as a Central Reserve and Reserve Cities note under former section 141 of this title.

2 of 3 references resolved to an enrolled provision · 1 unresolved

Editorial Notes

Codification

R.S. § 5192 derived from act June 3, 1864, ch. 106, § 31, 13 Stat. 108, which was the National Bank Act. See section 38 of this title.

Amendments1952–1959 · 2 rounds

1959

Pub. L. 86–114 struck out “central reserve or” before “reserve cities”.

Pub. L. 86–70 struck out “in Alaska or” before “in a dependency”.

1952

Act July 1, 1952, reduced the required amount of cash on hand from two-fifths to one-fifth of the required reserve of 15 per centum.

Statutory Notes and Related Subsidiaries

Effective Date of 1959 Amendment

Amendment by Pub. L. 86–114 effective three years after July 28, 1959, see section 3(b) of Pub. L. 86–114, set out as a Central Reserve and Reserve Cities note under former section 141 of this title.

Executive Documents

Exception as to Transfer of Functions

Functions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under section 1 of this title.

Credits

1952–1959 · 4 acts

R.S. § 5192
1952July 1, 1952, ch. 536, 66 Stat. 314
1959Pub. L. 86–70, § 7, June 25, 1959, 73 Stat. 142
1959Pub. L. 86–114, § 3(b)(3), July 28, 1959, 73 Stat. 263.

Show as published

(R.S. § 5192; July 1, 1952, ch. 536, 66 Stat. 314; Pub. L. 86–70, § 7, June 25, 1959, 73 Stat. 142; Pub. L. 86–114, § 3(b)(3), July 28, 1959, 73 Stat. 263.)