Congress.wikiCongress.wiki
Congress
MapWatchScheduleDaily RecordMembersCommitteesLegislationNominations
Money & Oversight
MoneyOffice SpendingSubpoenasHouse EthicsForeign InfluenceSpecial Rules
Executive & Law
AgenciesRegulationsUS Code
Search⌘K
Congress
MapWatchScheduleDaily RecordMembersCommitteesLegislationNominations
Money & Oversight
MoneyOffice SpendingSubpoenasHouse EthicsForeign InfluenceSpecial Rules
Executive & Law
AgenciesRegulationsUS Code

Ask me to translate this law into plain English

U.S. Code/Title 12/§ 417

Title 12

12

Title overviewSearch titleAll titles
12 U.S.C. § 417.Chapter 3

§ 417

Custody and safe-keeping of notes issued to and collateral deposited with Reserve agent

Title 12
1 min read
Subchapter: FEDERAL RESERVE NOTES

Need the full chapter outline? Open Chapter 3 to browse every section without loading the entire chapter explorer on this page.

Back to Chapter 3Previous: § 416Next: § 418

All Federal Reserve notes and all gold certificates, Special Drawing Right certificates, and lawful money issued to or deposited with any Federal Reserve agent under the provisions of the Federal Reserve Act shall hereafter be held for such agent, under such rules and regulations as the Board of Governors of the Federal Reserve System may prescribe, in the joint custody of himself and the Federal Reserve bank to which he is accredited. Such agent and such Federal Reserve bank shall be jointly liable for the safe-keeping of such Federal Reserve notes, gold certificates, Special Drawing Right certificates, and lawful money. Nothing herein contained, however, shall be construed to prohibit a Federal Reserve agent from depositing gold certificates and Special Drawing Right certificates with the Board of Governors of the Federal Reserve System, to be held by such Board subject to his order, or with the Treasurer of the United States for the purposes authorized by law.

§ 416

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

§ 418

Get a weekly summary of what Congress did, delivered every Sunday.

  • About
  • How Congress Works
  • Quiz
  • Congress Wrapped
  • Pricing
  • Roadmap
  • Health
  • Privacy Policy
  • Terms of Service
WhiteHouse.wiki•SCOTUS.wiki
Congress.wiki Alpha
Support Us

This is not an official government website.

© 2026 PLEJ LC. All rights reserved.