
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC121a]

 
                       TITLE 12--BANKS AND BANKING
 
                        CHAPTER 2--NATIONAL BANKS
 
     SUBCHAPTER VI--REDEMPTION AND REPLACEMENT OF CIRCULATING NOTES
 
Sec. 121a. Redemption of notes unidentifiable as to bank of 
        issue
        
    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.

(June 13, 1933, ch. 62, Sec. 1, 48 Stat. 127; Pub. L. 89-427, Sec. 4(a), 
May 20, 1966, 80 Stat. 161; Pub. L. 103-325, title VI, 
Sec. 602(g)(8)(A), Sept. 23, 1994, 108 Stat. 2294.)


                               Amendments

    1994--Pub. L. 103-325, Sec. 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, Sec. 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.

                          Transfer of Functions

    For transfer of functions to Secretary of the Treasury, see note set 
out under section 121 of this title.

                  Section Referred to in Other Sections

    This section is referred to in section 122a of this title.
