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Board of Governors of the Federal Reserve System
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Federal Reserve Board of Governors

Federal Reserve Act

Section # Section Title
Official title
1 Short title and definitions
2 Federal Reserve Districts
2A Monetary policy objectives
2B Appearances Before and Reports to the Congress
3 Branch Offices
4 Federal Reserve Banks
5 Stock Issues; Increase and Decrease of Capital
6 Insolvency of member banks
7 Division of Earnings
8 Conversion of state banks into national banks
9 State Banks as Members
9A Participation in lotteries prohibited
9B Resolution of Clearing Banks
10 Board of Governors of the Federal Reserve System
10A Emergency advances to groups of member banks
10B Advances to Individual Member Banks
11 Powers of Board of Governors of the Federal Reserve System
11A Pricing of Services
11B Annual Independent Audits of Federal Reserve Banks and Board
12 Federal Advisory Council
12A Federal Open Market Committee
13 Powers of Federal Reserve Banks
13A Discount of agricultural paper
14 Open Market Operations
15 Government Deposits
16 Note Issues
17 Deposit of bonds by national banks
18 Refunding Bonds
19 Bank Reserves
20 National bank notes redemption fund as reserve
21 Bank Examinations
22 Offenses of examiners, member banks, officers, and directors
23 Interbank Liabilities
23A Relations with affiliates
23B Restrictions on Transactions with Affiliates
24 Real Estate Loans
24A Investment in Bank Premises or Stock of Corporation Holding Premises
25 Foreign Branches
25A Banking Corporations Authorized to Do Foreign Banking Business
25B Jurisdiction of suits
25C Potential Liability on Foreign Accounts
26 [Repealed]
27 Tax on national bank notes
28 Reduction of capital of national banks
29 Civil Money Penalty
30 Saving clause
31 Reservation of right to amend

Note: Paragraph numbers, non-statutory section and subsection headings (those not capitalized),
and notes are not part of the law and should not be regarded as affecting the construction of the law.
Last update: August 16, 2013