StacksVerified U.S. regulatory reference

12 U.S.C. § 374

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal reserve bank under the provisions of this chapter, except by permission of the Board of Governors of the Federal Reserve System.