Title 12 › Chapter 2— NATIONAL BANKS › Subchapter VI— REDEMPTION AND REPLACEMENT OF CIRCULATING NOTES › § 122a
When the Treasurer of the United States redeems Federal Reserve bank notes under section 121a, the money paid must come out of the deposit balance set aside to retire Federal Reserve bank notes under sections 122 and 445. The Board of Governors of the Federal Reserve System decides how to divide 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 3, 2026
Release point: 119-73not60