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U.S. Code/Title 12/§ 290

Title 12

12

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12 U.S.C. § 290.Chapter 3

§ 290

Use of earnings transferred to the Treasury

Title 12
1 min read
Subchapter: CAPITAL AND STOCK OF FEDERAL RESERVE BANKS; DIVIDENDS AND EARNINGS

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Back to Chapter 3Previous: § 289Next: § 301

The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury. Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts, dividend requirements as hereinbefore provided, and the par value of the stock, shall be paid to and become the property of the United States and shall be similarly applied.

Related Legislation

(2 bills)

Bills that would modify or reference this section of law.

HR-2032

BITCOIN Act of 2025

Nicholas J. Begich

Alaska representative

  1. house
  2. senate
  3. president
3/11/2025
S-954

BITCOIN Act of 2025

Cynthia M. Lummis

Wyoming senator

  1. senate
  2. house
  3. president
3/11/2025
§ 289

Release: pl-119-102 (2026-07-12)

§ 301

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