
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC352]

 
                       TITLE 12--BANKS AND BANKING
 
                    CHAPTER 3--FEDERAL RESERVE SYSTEM
 
        SUBCHAPTER IX--POWERS AND DUTIES OF FEDERAL RESERVE BANKS
 
Sec. 352. Limitation on amount of obligations of certain 
        maturities which may be discounted and rediscounted
        
    The Board of Governors of the Federal Reserve System may, by 
regulation, limit to a percentage of the assets of a Federal reserve 
bank the amount of notes, drafts, acceptances, or bills having a 
maturity in excess of three months, but not exceeding six months, 
exclusive of days of grace, which may be discounted by such bank, and 
the amount of notes, drafts, bills, or acceptances having a maturity in 
excess of six months, but not exceeding nine months, which may be 
rediscounted by such bank.

(Dec. 23, 1913, ch. 6, Sec. 13A (par.), formerly Sec. 13a, as added Mar. 
4, 1923, ch. 252, title IV, Sec. 404, 42 Stat. 1480; amended Aug. 23, 
1935, ch. 614, title II, Sec. 203(a), 49 Stat. 704; renumbered Sec. 13A, 
Pub. L. 102-242, title I, Sec. 142(e)(1), Dec. 19, 1991, 105 Stat. 
2281.)

                          Codification

    Section is comprised of fifth par. of section 13A, formerly section 
13a, as added Mar. 4, 1923. Pars. 1 to 4 of section 13A are set out as 
sections 348, 349 to 351 of this title, respectively.

                         Change of Name

    Section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve 
Board to Board of Governors of the Federal Reserve System.

                  Section Referred to in Other Sections

    This section is referred to in sections 351, 412 of this title.
