12 U.S.C. § 413
Distinctive letter and serial number of notes; cancellation of notes unfit for circulation; accounting; apportionment of credit among Federal Reserve banks
Federal Reserve notes shall bear upon their faces a distinctive letter and serial number which shall be assigned by the Board of Governors of the Federal Reserve System to each Federal Reserve bank. Federal Reserve notes unfit for circulation shall be canceled, destroyed, and accounted for under procedures prescribed and at locations designated by the Secretary of the Treasury. Upon destruction of such notes, credit with respect thereto shall be apportioned among the twelve Federal Reserve banks as determined by the Board of Governors of the Federal Reserve System.
Notes of Decisions
Cited in 2
cases (1 in the last 5 years), 2013–2025 · leading case: State of West Virginia v. John J. Moffit
State of West Virginia v. John J. Moffit (2013)
“12 U.S.C. § 413 . 5 The counterfeit twenty-dollar bills in defendant’s case have markings which designate the issuing bank as the Federal Reserve Bank of Atlanta, Georgia, located in the Sixth District of the Federal Reserve System.”
Cornelius Lee Brown v. Flagship Credit Acceptance LLC (2025)
“program[s] offered by the Federal Reserve while refusing to account for pledged collateral violate [his] Constitutionally secured rights under 12 U.S.C. § 413 and 59 Stat[.] § .2[?]” Doc.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.