FEDERAL RESERVE ACT Sec. 16 
propriated for the purpose of furnishing the notes afore- 
said: Provided, however, That nothing in this section con- 
tained shall be construed as exempting national banks 
or Federal reserve banks from their liability to reimburse 
the United States for any expenses incurred in printing 
and issuing circulating notes. 
Every Federal reserve bank shall receive on deposit at 
par from member banks or from Federal reserve banks 
checks and drafts drawn upon any of its depositors, and 
when remitted by a Federal reserve bank, checks and 
drafts drawn by any depositor in any other Federal 
reserve bank or member bank upon funds to the credit 
of said depositor in said reserve bank or member bank. 
Nothing herein contained shall be construed as prohibiting 
& member bank from charging its actual expense incurred 
in collecting and remitting funds, or for exchange sold 
to its patrons. The Federal Reserve Board shall, by 
rule, fix the charges to be collected by the member banks 
from its patrons whose checks are cleared through the 
Federal reserve bank and the charge which may be im- 
posed for the service of clearing or collection rendered 
hy the Federal reserve bank. 
The Federal Reserve Board shall make and promulgate 
from time to time regulations governing the transfer of 
funds and charges therefor among Federal reserve banks 
and their branches, and may at its discretion exercise 
the functions of a clearing house for such Federal reserve 
banks, or may designate a Federal reserve bank to 
exercise such functions, and may also require each such 
sank to exercise the functions of a clearing house for its 
member banks. 
That the Secretary of the Treasury is hereby authorized 
and directed to receive deposits of gold coin or of gold 
sertificates with the Treasurer or any assistant treasurer 
of the United States when tendered by any Federal 
reserve bank or Federal reserve agent for credit to its or 
his account with the Federal Reserve Board. The Sec- 
retary shall prescribe by regulation the form of receipt 
fo be issued by the Treasurer or Assistant Treasurer to the 
Federal reserve bank or Federal reserve agent making 
*he deposit, and a duplicate of such receipt shall be 
delivered to the Federal Reserve Board by the Treasurer 
at Washington upon proper advices from any assistant 
treasurer that such deposit has been made. Deposits so