12 U.S.C. § 464
Checking against and withdrawal of reserve balance
The required balance carried by a member bank with a Federal reserve bank may, under the regulations and subject to such penalties as may be prescribed by the Board of Governors of the Federal Reserve System, be checked against and withdrawn by such member bank for the purpose of meeting existing liabilities.
Notes of Decisions
Cited in 9
cases, 1929–2016 · leading case: Michelsen v. Penney, 135 F.2d 409 (2d Cir. 1943).
Michelsen v. Penney, 135 F.2d 409 (2d Cir. 1943). “By 12 U.S.C.A. § 464 , it was provided: "The required balance *428 carried by a member bank with a Federal reserve bank may, under the regulations and subject to such penalties as may be prescribed by the Federal Reserve Board, be checked against and withdrawn by such member…”
Alaska Tr., LLC v. Ambridge, 372 P.3d 207 (Alaska 2016). “In the 1976 United States Code, “section 5(d) of the Home Owners Loan Act of 1933” was codified as 12 U.S.C. § 464 ; “section 407 of the National Housing Act” was codified as 12 U.”
Amsouth Bank (03-5517) First Tennessee Bank (03-5521) v. George Dale, 386 F.3d 763 (1st Cir. 2004). “§ 248 (o)); and § 19(f) ( 12 U.S.C. § 464 ). None of these sections provide specific authority for the Fedwire system — instead, they are general provisions — and none of them reference causes of action having to do with the Federal Reserve system, or any of the markers…”
Fed. Deposit Ins. Corp. v. Dannen, 747 F. Supp. 1357 (W.D. Mo. 1990). “Defendants argue that Michelsen should not be used as precedent because it deals solely with 12 U.S.C. § 464 , which was not mentioned in any other liability section of the Federal Reserve Act at the time the case was decided.”
Manufacturas Int'l, Ltda. v. Mfrs. Hanover Trust Co., 792 F. Supp. 180 (E.D.N.Y 1992). “(as amended by the Electronic Communications Privacy Act of 1986), the Federal Reserve Act, 12 U.S.C. § 464 et seq., and the Foreign Intelligence Surveillance Act, 50 U.”
Fed. Reserve Bank of Richmond v. Early, 30 F.2d 198 (4th Cir. 1929). “12 USCA § 464. These regulations, however, fixed the reserve requirements and prescribed penalties for deficiencies in the reserve.”
Hutchins v. Modern Woodmen Fraternal Fin., 978 F. Supp. 2d 637 (S.D. Miss. 2013). “§ 248 (o)); and § 19(f) ( 12 U.S.C. § 464 ). None of these sections provide specific authority for the Fedwire system — instead, they are general provisions — and none of thém reference causes of action having to do with the Federal Reserve system, or any of the markers…”
Michelsen v. Penney, 41 F. Supp. 603 (S.D.N.Y. 1941). “” 12 U.S.C.A. § 464 . This provision of law should be construed to mean precisely what it says.”
First TN Bank v. Dale (6th Cir. 2004). “§ 248 (o)); and § 19(f) ( 12 U.S.C. § 464 ). matter jurisdiction now exists.”
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.