References in Text
This chapter, referred to in text, was in the original “this Act”, meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251, known as the Federal Reserve Act. For complete classification of this Act to the Code, see
References in Text
note set out under
section 226 of this title and Tables. The Federal Deposit Insurance Act, referred to in text, is act Sept. 21, 1950, ch. 967, § 2, 64 Stat. 873, which is classified generally to chapter 16 (§ 1811 et seq.) of this title. For complete classification of this Act to the Code, see
Short Title
note set out under
section 1811 of this title and Tables. Codification Section is based on part of the first par. of
section 2 of act Dec. 23, 1913. Some of the other provisions of the first par. are classified to
section 223 of this title, and some were not included in the Code. The second par. of
section 2 is classified in part to
section 225 of this title. The rest of the second par. was not included in the Code. The third par. of
section 2 is classified in part to
section 282 of this title. The rest of the third par. was not included in the Code. The fourth par. of
section 2 is classified to
section 502 of this title. The sixth and seventh pars. of
section 2 are classified to
section 501a of this title. The ninth par. of
section 2 is classified to
section 283 of this title. The tenth par. of
section 2 was classified in part to former
section 284 of this title. The rest of the tenth par. was not included in the Code. The eleventh and twelfth pars. of
section 2 are classified to
section 285 and
286, respectively, of this title. The thirteenth par. of
section 2 is classified in part to
section 224 of this title and in part to
section 281 of this title. The rest of the thirteenth par. was not included in the Code. The fifth and eighth pars. of
section 2 were not included in the Code. Former
section 141 of this title purportedly derived from part of
section 2 of act Dec. 23, 1913. But see Codification note set out under former
section 141 of this title.
Amendments
1959—Pub. L. 86–3 required readjustment of districts when the State of Hawaii is admitted to the Union. 1958—Pub. L. 85–508 required readjustment of districts when the State of Alaska is admitted to the Union, and inserted provisions requiring national banks to become members of the Federal Reserve System upon commencing business or within 90 Days after admission into the Union of the State in which they are located.
Statutory Notes and Related Subsidiaries
Change of Name
section 203(a) of act Aug. 23, 1935, changed name of Federal Reserve Board to Board of Governors of the Federal Reserve System.
Admission of Alaska and Hawaii to StatehoodAlaska was admitted into the Union on Jan. 3, 1959, on issuance of Proc. No. 3269, Jan. 3, 1959, 24 F.R. 81, 73 Stat. C16, and Hawaii was admitted into the Union on Aug. 21, 1959, on issuance of Proc. No. 3309, Aug. 21, 1959, 24 F.R. 6868, 73 Stat. C74. For Alaska Statehood Law, see Pub. L. 85–508, July 7, 1958, 72 Stat. 339, set out as a note preceding
section 21 of Title 48, Territories and Insular Possessions. For Hawaii Statehood Law, see Pub. L. 86–3, Mar. 18, 1959, 73 Stat. 4, set out as a note preceding
section 491 of Title 48.
