12 U.S.C. § 354
Transactions involving gold coin, bullion, and certificates
Every Federal reserve bank shall have power to deal in gold coin and bullion at home or abroad, to make loans thereon, exchange Federal reserve notes for gold, gold coin, or gold certificates, and to contract for loans of gold coin or bullion, giving therefor, when necessary, acceptable security, including the hypothecation of United States bonds or other securities which Federal reserve banks are authorized to hold.
Notes of Decisions
Cited in 1
case, 2002–2002 · leading case: Howe v. Bank for International Settlements
Howe v. Bank for International Settlements (2002)
“”); 31 U.S.C. § 5302 (granting the ESF authority to “deal in gold, foreign exchange, and other instruments of credit and securities”).”
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