Title 12, Banks and BankingRelease 119-73not60
§142 Banks in Reserve Cities; Reserves
Title 12 › Chapter 2— NATIONAL BANKS › Subchapter VIII— RESERVE CITIES; LAWFUL RESERVES › § 142
Summary
National banks located in reserve or central reserve cities must keep the reserve amounts required for banks in those cities under section 462.
Full Legal Text
Title 12, §142
Banks and Banking, Source: USLM XML via OLRC
National banking associations located in reserve cities or central reserve cities shall maintain reserves provided for in section 462 of this title for banks so located.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
section 462 of this title, referred to in text, was omitted from the Code. See section 461 of this title. Codification R.S. § 5191 derived from act June 3, 1864, ch. 106, § 31, 13 Stat. 108, which was the National Bank Act, and act Mar. 1, 1872, ch. 22, 17 Stat. 32. See section 38 of this title. Some of the other provisions of R.S. § 5191 were classified to section 141 of this title prior to its omission from the Code, some are classified to section 143 of this title, and some were not included in the Code.
Statutory Notes and Related Subsidiaries
Termination of Central Reserve CitiesCentral reserve cities terminated, see section 3(b) of Pub. L. 86–114 set out as a note under former section 141 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 142
Title 12, Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60