Title 12 › Chapter CHAPTER 2— - NATIONAL BANKS › Subchapter SUBCHAPTER VI— - REDEMPTION AND REPLACEMENT OF CIRCULATING NOTES › § 122a
When the U.S. Treasurer redeems Federal Reserve bank notes under section 121a, the cost must be charged to the deposit balance set aside to retire those notes under sections 122 and 445. The Board of Governors of the Federal Reserve System must split those charges among the twelve Federal Reserve banks.
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Banks and Banking — Source: USLM XML via OLRC
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12 U.S.C. § 122a
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73