Full text: The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

bY 
us) 
3 
1 
n 
|= 
re 
38 
Tr 
i 
ul 
'S 
r 
1 
Iz 
1 
Q 
1 
0 
J 
3xc. 18 FEDERAL RESERVE ACT 
‘0 guard against counterfeits and fraudulent alterations, 
and shall have printed therefrom and numbered such 
quantities of such notes of the denominations of $5, $10, 
$20, $50, $100, $500, $1000, $5000, $10,000 as may be 
required to supply the Federal reserve banks. Such 
notes shall be in form and tenor as directed by the 
Secretary of the Treasury under the provisions of this 
Act and shall bear the distinctive numbers of the several 
Federal reserve banks through which they are issued. 
When such notes have been prepared, they shall be 
deposited in the Treasury, or in the subtreasury or mint 
of the United States nearest the place of business of each 
Federal reserve bank and shall be held for the use of such 
bank subject to the order of the Comptroller of the 
Currency for their delivery, as provided by this Act. 
The plates and dies to be procured by the Comptroller 
of the Currency for the printing of such circulating notes 
shall remain under his control and direction, and the 
expenses necessarily incurred in executing the laws 
relating to the procuring of such notes, and all other ex- 
Penses incidental to their issue and retirement, shall be 
paid by the Federal reserve banks, and the Federal 
Reserve Board shall include in its estimate of expenses 
levied against the Federal reserve banks a sufficient 
amount to cover the expenses herein provided for. 
The examination of plates, dies, bed pieces, and so 
forth, and regulations relating to such examination of 
plates, dies, and so forth, of national-bank notes provided 
for in section fifty-one hundred and seventy-four Revised 
Statutes, is hereby extended to include notes herein 
provided for. 
Any appropriation heretofore made out of the general 
funds of the Treasury for engraving plates and dies, the 
purchase of distinctive paper, or to cover any other ex- 
pense in connection with the printing of national-bank 
notes or notes provided for by the Act of May thirtieth, 
nineteen hundred and eight, and any distinctive paper 
that may be on hand at the time of the passage of this 
Act may be used in the discretion of the Secretary for the 
purposes of this Act, and should the appropriations here- 
tofore made be insufficient to meet the requirements of 
this Act in addition to circulating notes provided for by 
existing law, the Secretary is hereby authorized to use 
so much of any funds in the Treasury not otherwise ap- 
11
	        
Waiting...

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.