§ 2158. Purchase and sale by Federal Reserve System

Statutory text

Any member of the Federal Reserve System may buy and sell bonds, debentures, or other similar obligations issued under the authority of this chapter and any Federal Reserve bank may buy and sell such obligations to the same extent and subject to the same limitations placed upon the purchase and sale by said banks of State, county, district, and municipal bonds under section 355 of this title.

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.

1971
Farm Credit Act of 1971
Pub. L. 92–181 title IV § 4 · 85 Stat. 583
Enacted · 12 U.S.C. § 2158
(Pub. L. 92–181, title IV, § 4.7, Dec. 10, 1971, 85 Stat. 612.)
Source evidence
Code source credit
(Pub. L. 92–181, title IV, § 4.7, Dec. 10, 1971, 85 Stat. 612.)
Enacted provision · exact public law section
(4) Sue and be sued.

1 of 1 references resolved to an enrolled provision

Credits

(Pub. L. 92–181, title IV, § 4.7, Dec. 10, 1971, 85 Stat. 612.)