12 CFR 270.3 - Governing principles.

§ 270.3 Governing principles.
As required by section 12A of the Federal Reserve Act, the time, character, and volume of all purchases and sales of obligations in the open market by Federal Reserve banks are governed with a view to accommodating commerce and business and with regard to their bearing upon the general credit situation of the country.

Title 12 published on 2014-01-01

no entries appear in the Federal Register after this date.

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United States Code