Page 153 TITLE 12—BANKS AND BANKING § 412 Reorg. Plan No. 3 of 1946, § 501, eff. July 16, 1946, 11 F.R. amount of the Federal Reserve notes herein- 7877, 60 Stat. 1100. See Appendix to Title 5, Government before provided for as it may require. Such ap-...
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Page 153 TITLE 12—BANKS AND BANKING § 412 Reorg. Plan No. 3 of 1946, § 501, eff. July 16, 1946, 11 F.R. amount of the Federal Reserve notes herein- 7877, 60 Stat. 1100. See Appendix to Title 5, Government before provided for as it may require. Such ap- Organization and Employees. plication shall be accompanied with a tender to EXCEPTIONS FROM TRANSFER OF FUNCTIONS the local Federal Reserve agent of collateral in Functions of Corporations of Department of Agri- amount equal to the sum of the Federal Reserve culture, boards of directors and officers of such cor- notes thus applied for and issued pursuant to porations, Advisory Board of Commodity Credit Cor- such application. The collateral security thus poration, and Farm Credit Administration or any agen- offered shall be notes, drafts, bills of exchange, cy, officer or entity of, under, or subject to supervision or acceptances acquired under section 92, 342 to of Administration were excepted from functions of offi- 348, 349 to 352, 361
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