12 U.S. Code § 248–1 - Rules and regulations for transfer of funds and charges therefor among banks; clearing houses

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The Board of Governors of the Federal Reserve System shall make and promulgate from time to time regulations governing the transfer of funds and charges therefor among Federal reserve banks and their branches, and may at its discretion exercise the functions of a clearing house for such Federal reserve banks, or may designate a Federal reserve bank to exercise such functions, and may also require each such bank to exercise the functions of a clearing house for depository institutions.

Source

(Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 268; Aug. 23, 1935, ch. 614, § 203(a),49 Stat. 704; Pub. L. 96–221, title I, § 105(d),Mar. 31, 1980, 94 Stat. 140.)
Codification

Section is comprised of the thirteenth par. (formerly the fourteenth par.) of section 16 of act Dec. 23, 1913, which was formerly classified to section 248 (o) of this title. For classification to this title of other pars. of section 16, see Codification note set out under section 411 of this title.
Amendments

1980—Pub. L. 96–221, which directed amendment of “[t]he fourteenth paragraph of section 16 of the Federal Reserve Act (12 U.S.C. 248 (o))” by substituting “depository institutions” for “its member banks”, was executed by making the substitution in this section to reflect the probable intent of Congress.
Change of Name

Section 203(a) of act Aug. 23, 1935, changed the name of the Federal Reserve Board to Board of Governors of the Federal Reserve System.
Effective Date of 1980 Amendment

Amendment by Pub. L. 96–221effective on first day of sixth month which begins after Mar. 31, 1980, see section 108 ofPub. L. 96–221, set out as a note under section 248 of this title.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


5 CFR - Administrative Personnel

5 CFR Part 6801 - SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

12 CFR - Banks and Banking

12 CFR Part 201 - EXTENSIONS OF CREDIT BY FEDERAL RESERVE BANKS (REGULATION A)

12 CFR Part 204 - RESERVE REQUIREMENTS OF DEPOSITORY INSTITUTIONS (REGULATION D)

12 CFR Part 208 - MEMBERSHIP OF STATE BANKING INSTITUTIONS IN THE FEDERAL RESERVE SYSTEM (REGULATION H)

12 CFR Part 209 - ISSUE AND CANCELLATION OF FEDERAL RESERVE BANK CAPITAL STOCK (REGULATION I)

12 CFR Part 210 - COLLECTION OF CHECKS AND OTHER ITEMS BY FEDERAL RESERVE BANKS AND FUNDS TRANSFERS THROUGH FEDWIRE (REGULATION J)

12 CFR Part 214 - RELATIONS WITH FOREIGN BANKS AND BANKERS (REGULATION N)

12 CFR Part 215 - LOANS TO EXECUTIVE OFFICERS, DIRECTORS, AND PRINCIPAL SHAREHOLDERS OF MEMBER BANKS (REGULATION O)

12 CFR Part 217 - [Reserved]

12 CFR Part 240 - RETAIL FOREIGN EXCHANGE TRANSACTIONS (REGULATION NN)

12 CFR Part 246 - SUPERVISION AND REGULATION ASSESSMENTS OF FEES (REGULATION TT)

12 CFR Part 250 - MISCELLANEOUS INTERPRETATIONS

12 CFR Part 261 - RULES REGARDING AVAILABILITY OF INFORMATION

12 CFR Part 263 - RULES OF PRACTICE FOR HEARINGS

12 CFR Part 264b - RULES REGARDING FOREIGN GIFTS AND DECORATIONS

12 CFR Part 265 - RULES REGARDING DELEGATION OF AUTHORITY

12 CFR Part 266 - LIMITATIONS ON ACTIVITIES OF FORMER MEMBERS AND EMPLOYEES OF THE BOARD

12 CFR Part 268 - RULES REGARDING EQUAL OPPORTUNITY

12 CFR Part 269 - POLICY ON LABOR RELATIONS FOR THE FEDERAL RESERVE BANKS

12 CFR Part 269a - DEFINITIONS

12 CFR Part 269b - CHARGES OF UNFAIR LABOR PRACTICES

 

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