Title 12, Banks and BankingRelease 119-102
§2291 Preparation of Obligations
Title 12 › CHAPTER 24 — FEDERAL FINANCING BANK › § 2291
Summary
The Secretary of the Treasury may prepare obligations in the form the Bank approves and keep them in the Treasury until the Bank orders them to be delivered. The plates, dies, bed pieces, and other materials used to make the obligations stay in the Secretary’s care, and the Bank must repay the Treasury for the costs of preparing, storing, and delivering them.
Full Legal Text
Title 12, §2291
Banks and Banking, Source: USLM XML via OLRC
In order to furnish obligations for delivery by the Bank, the Secretary of the Treasury is authorized to prepare such obligations in such form as the Bank may approve, such obligations when prepared to be held in the Treasury subject to delivery upon order by the Bank. The engraved plates, dies, bed pieces, and other material executed in connection therewith, shall remain in the custody of the Secretary of the Treasury. The Bank shall reimburse the Secretary of the Treasury for any expenditures made in preparation, custody, and delivery of such obligations.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2291
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102