12 U.S.C. § 361
Bills receivable, bills of exchange, acceptances; regulations by Board of Governors
The discount and rediscount and the purchase and sale by any Federal reserve bank of any bills receivable and of domestic and foreign bills of exchange, and of acceptances authorized by this chapter, shall be subject to such restrictions, limitations, and regulations as may be imposed by the Board of Governors of the Federal Reserve System.
Notes of Decisions
Cited in 3
cases (3 in the last 5 years), 2023–2024 · leading case: Smith v. Osvaldik
Smith v. Osvaldik (2023)
“Bills of Exchange Act 28 Plaintiff’s Complaint also identifies the Bills of Exchange Act, 12 U.S.C. § 361 as a 1 possible claim. (Doc.”
Smith v. Osvaldik (2024)
“11 To the extent Plaintiff is referring to 12 U.S.C. § 361 , this provision provides Plaintiff 12 with no cause of action.”
Smith v. Crowl (2023)
“12 U.S.C. § 361 15 Plaintiff’s complaint lists section 361 of the United States Code, Title 12.”
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