12 U.S.C. § 224
Status of reserve cities under former statutes
The organization of reserve districts and Federal reserve cities shall not be construed as changing the present status of reserve cities except in so far as this chapter changes the amount of reserves that may be carried with approved reserve agents located therein.
Notes of Decisions
Cited in 1
case, 1982–1982 · leading case: Zicklin v. Breuer, 534 F. Supp. 745 (S.D.N.Y. 1982).
Zicklin v. Breuer, 534 F. Supp. 745 (S.D.N.Y. 1982). “Barred as commercial banks are from owning stock or acting as underwriters, see Glass-Steagell Act, 12 U.S.C. §§ 224 , 335, Bankers Trust permissibly serves as the account manager for certain of its customers on the investment advisory accounts they maintain at the bank.”
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