FeperaL RESERVE AcT 
visions of this Act and shall bear the distinctive numbers of the several Federal reserve 
hanks 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 expenses 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 
expense 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 discre- 
tion 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 circu- 
lating notes provided for by existing law, the Secretary is hereby authorized to use 
so much of any funds in the Treasury not otherwise appropriated for the purpose of 
furnishing the notes aforesaid: 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 a member bank from charging its actual expense incurred in 
collecting and remitting funds, or for exchange sold to its patrons. The Federal Re- 
serve 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 imposed for the service of clearing or collection rendered by the Federal 
teserve bank. 
The Federal Reserve Board shall make and promulgate from time to time regula- 
tions 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 
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