Title 12 — Banks and Banking
Chapter 3 — Federal Reserve System
§ 485. Examination of Federal reserve banks
Statutory text
The Board of Governors of the Federal Reserve System shall, at least once each year, order an examination of each Federal reserve bank, and upon joint application of ten member banks the Board of Governors of the Federal Reserve System shall order a special examination and report of the condition of any Federal reserve bank.
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.
R.S. § 5240 (par.)
Enacted · 12 U.S.C. § 485
R.S. § 5240 (par.)
Unresolved: No Public Law or Statutes at Large citation in the Code source.
Source evidence
Code source credit
R.S. § 5240 (par.)
0 of 1 references resolved to an enrolled provision · 1 unresolved
Editorial Notes
Codification
R.S. § 5240 derived from act June 3, 1864, ch. 106, § 54, 13 Stat. 116, which was part of the National Bank Act. See section 38 of this title.
Section is comprised of seventh par. of R.S. § 5240, as amended. See Codification note set out under section 481 of this title.
Statutory Notes and Related Subsidiaries
Change of Name
Section 203(a) of act , changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.
Credits
1875–1935 · 4 acts
- R.S. § 5240 (par.)
- 1875Feb. 19, 1875, ch. 89, 18 Stat. 329
- 1913Dec. 23, 1913, ch. 6, § 21, 38 Stat. 272
- 1935Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.
Show as published
(R.S. § 5240 (par.); Feb. 19, 1875, ch. 89, 18 Stat. 329; Dec. 23, 1913, ch. 6, § 21, 38 Stat. 272; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.)