TITLE 12 - US CODE - SUBCHAPTER VI - REDEMPTION AND REPLACEMENT OF CIRCULATING NOTES

12 USC 121 - Repealed. Pub. L. 103325, title VI, 602(f)(4)(B), Sept. 23, 1994, 108 Stat. 2292

Section, acts June 20, 1874, ch. 343, 3, 18 Stat. 123; Dec. 23, 1913, ch. 6, 20, 38 Stat. 271; May 29, 1920, ch. 214, 1, 41 Stat. 654, provided that every national banking association was to establish reserve in Treasury for redemption of notes by Treasurer of United States, forward notes unfit for use to Treasurer for disposition, and reimburse expenses of Treasury.

12 USC 121a - Redemption of notes unidentifiable as to bank of issue

Whenever any Federal Reserve bank notes or Federal Reserve notes are presented to the Treasurer of the United States for redemption and such notes cannot be identified as to the bank of issue or the bank through which issued, the Treasurer of the United States may redeem such notes under such rules and regulations as the Secretary of the Treasury may prescribe.

12 USC 122 - Repealed. Pub. L. 97258, 5(b), Sept. 13, 1982, 96 Stat. 1068

Section, act July 14, 1890, ch. 708, 6, 26 Stat. 289, related to deposits received by the Treasurer from national banks made to redeem circulating notes of such banks and disposition of those deposits.

12 USC 122a - Redeemed notes of unidentifiable issue; funds charged against

Federal Reserve bank notes redeemed by the Treasurer of the United States under section 121a of this title shall be charged against the balance of deposits for the retirement of Federal Reserve bank notes under the provisions of sections 122 and 4451 of this title; and charges for Federal Reserve notes redeemed by the Treasurer of the United States under section 121a of this title shall be apportioned among the twelve Federal Reserve banks as determined by the Board of Governors of the Federal Reserve System.
[1] See References in Text note below.

123 to 126. Repealed. Pub. L. 103325, title VI, 602(e)(12), (13), (f)(4)(C), (6), Sept. 23, 1994, 108 Stat. 2292, 2293

Section 123, R.S. 5195; June 20, 1874, ch. 343, 3, 18 Stat. 123, related to redemption of notes by bank at own counter. Section 124, R.S. 5184; June 23, 1874, ch. 455, 1, 18 Stat. 206, related to destroying and replacing notes unfit for use. Section 125, act July 28, 1892, ch. 317, 27 Stat. 322, related to redemption of lost or stolen notes. Section 126, act June 20, 1874, ch. 343, 8, 18 Stat. 125, related to duty of Treasurer, designated depositaries, and national-bank depositaries of United States to return notes of failed or liquidated banks to Treasury for redemption.

12 USC 127 - Repealed. Pub. L. 89554, 8(a), Sept. 6, 1966, 80 Stat. 633

Section, act Mar. 3, 1875, ch. 130, 3, 18 Stat. 399, provided for a clerical force for redemption of circulating notes.