The plates and dies to be procured by the Secretary of the Treasury for the printing of such circulating notes shall remain under his control and direction, and the expenses necessarily incurred in executing the laws relating to the procuring of such notes, and all other expenses incidental to their issue and retirement, shall be paid by the Federal reserve banks, and the Board of Governors of the Federal Reserve System shall include in its estimate of expenses levied against the Federal reserve banks a sufficient amount to cover the expenses herein provided for.
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Stable record: federal_law:legal_authorities:record_usc_3bbad98130e22e5e5d359285 Source file: Laws/federal/codes/united-states-code/title-12/section-420-control-and-direction-of-plates-and-dies-expense-of-issue-and-retirement--137ad7ee8d.md Pages: Not recorded – Not recorded Passage SHA-256: 0adb9655973ed6cfd9844dc33575776c6b7db25b0f878453e2d8752fba7b7ac1 Retained source evidence SHA-256: 19aa6e83c2916fbf96e73e92c53fb6cfc5c886128906a52db354b414e698c0a7
Source location: Title 12, Chapter 3, § 420; chapter-003-federal-reserve-system.md
Stored source content
The plates and dies to be procured by the Secretary of the Treasury for the printing of such circulating notes shall remain under his control and direction, and the expenses necessarily incurred in executing the laws relating to the procuring of such notes, and all other expenses incidental to their issue and retirement, shall be paid by the Federal reserve banks, and the Board of Governors of the Federal Reserve System shall include in its estimate of expenses levied against the Federal reserve banks a sufficient amount to cover the expenses herein provided for.
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Federal law — U.S. Code and appendices · legal_authorities
§ 420. Control and direction of plates and dies;
expense of issue and retirement of notes paid
by banks
The plates and dies to be procured by the Sec-
retary of the Treasury for the printing of such
circulating notes shall remain under his control
and direction, and the expenses necessarily in-
curred in executing the laws relating to the pro-
curing of such notes, and all other expenses inci-
dental to their issue and retirement, shall be
paid by the Federal reserve banks, and the
Board of Governors of the Federal Reserve Sys-
tem shall include in its estimate of expenses lev-
ied against the Federal reserve banks a suffi-
cient amount to cover the expenses herein pro-
vided for.
(Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 267; Pub.
L. 103–325, title VI, § 602(g)(5), Sept. 23, 1994, 108
Stat. 2293.)
Editorial Notes
REFERENCES IN TEXT
Phrase ‘‘herein provided for’’, referred to in text,
probably means as provided for in section 16 of act Dec.
23, 1913. For classification to this title of section 16, see
Codification note set out under section 411 of this title.
CODIFICATION
Section is comprised of the ninth par. (formerly the
tenth par.) of section 16 of act Dec. 23, 1913. For classi-
fication to this title of other pars. of section 16, see
Codification note set out under section 411 of this title.
AMENDMENTS
1994—Pub. L. 103–325, which directed amendment of
‘‘[t]he 10th undesignated paragraph of section 16 of the
Federal Reserve Act (12 U.S.C. 420)’’ by substituting
‘‘Secretary of the Treasury’’ for ‘‘Comptroller of the
Currency’’ and ‘‘Board of Governors of the Federal Re-
serve System’’ for ‘‘Federal Reserve Board’’, was exe-
cuted by making the substitutions in this section to re-
flect the probable intent of Congress.
§ 421. Examination