In order to furnish suitable notes for circulation as Federal reserve notes, the Secretary of the Treasury shall cause plates and dies to be engraved in the best manner to guard against counterfeits and fraudulent alterations, and shall have printed therefrom and numbered such quantities of such notes of the denominations of $1, $2, $5, $10, $20, $50, $100, $500, $1,000, $5,000, $10,000 as may be required to supply the Federal Reserve banks. Such notes shall be in form and tenor as directed by the Secretary of the Treasury under the provisions of this chapter and shall bear the distinctive numbers of the several Federal reserve banks through which they are issued.
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Source location: Title 12, Chapter 3, § 418; chapter-003-federal-reserve-system.md
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In order to furnish suitable notes for circulation as Federal reserve notes, the Secretary of the Treasury shall cause plates and dies to be engraved in the best manner to guard against counterfeits and fraudulent alterations, and shall have printed therefrom and numbered such quantities of such notes of the denominations of $1, $2, $5, $10, $20, $50, $100, $500, $1,000, $5,000, $10,000 as may be required to supply the Federal Reserve banks. Such notes shall be in form and tenor as directed by the Secretary of the Treasury under the provisions of this chapter and shall bear the distinctive numbers of the several Federal reserve banks through which they are issued.
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Federal law — U.S. Code and appendices · legal_authorities
§ 418. Printing of notes; denomination and form
In order to furnish suitable notes for circula-
tion as Federal reserve notes, the Secretary of
the Treasury shall cause plates and dies to be
engraved in the best manner to guard against
counterfeits and fraudulent alterations, and
shall have printed therefrom and numbered such
quantities of such notes of the denominations of
$1, $2, $5, $10, $20, $50, $100, $500, $1,000, $5,000,
$10,000 as may be required to supply the Federal
Reserve banks. Such notes shall be in form and
tenor as directed by the Secretary of the Treas-
ury under the provisions of this chapter and
shall bear the distinctive numbers of the several
Federal reserve banks through which they are
issued.
(Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 267; Sept.
26, 1918, ch. 177, § 3, 40 Stat. 969; Pub. L. 88–36,
Page 162
TITLE 12—BANKS AND BANKING
§ 419
title I, § 3, June 4, 1963, 77 Stat. 54; Pub. L.
103–325, title VI, § 602(g)(3), Sept. 23, 1994, 108
Stat. 2293.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in text, was in the original
‘‘this Act’’, meaning act Dec. 23, 1913, ch. 6, 38 Stat. 251,
known as the Federal Reserve Act. For complete classi-
fication of this Act to the Code, see References in Text
note set out under section 226 of this title and Tables.
CODIFICATION
Section is comprised of the seventh par. (formerly
the eighth par.) of section 16 of act Dec. 23, 1913. For
classification 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 1st sentence of the 8th undesignated paragraph
of section 16 of the Federal Reserve Act (12 U.S.C. 418)’’
by substituting ‘‘the Secretary of