12 U.S.C. § 2159

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 2159 - Purchase and sale of obligations

Each bank of the System may purchase its own obligations and the obligations of other banks of the System and may provide for the sale of obligations issued by it, consolidated obligations, or Systemwide obligations through a fiscal agent or agents, by negotiation, offer, bid, syndicate sale, and to deliver such obligations by book entry, wire transfer, or such other means as may be appropriate.

12 U.S.C. § 2159

Pub. L. 92-181, title IV, §4.8, Dec. 10, 1971, 85 Stat. 612; Pub. L. 99-509, title I, §1034, Oct. 21, 1986, 100 Stat. 1878; Pub. L. 100-233, title II, §205(a), Jan. 6, 1988, 101 Stat. 1607; Pub. L. 115-334, title V, §5411(18), Dec. 20, 2018, 132 Stat. 4680.

EDITORIAL NOTES

AMENDMENTS2018- Pub. L. 115-334 struck out subsec. (a) designation before "Each bank" and struck out subsec. (b) which described conditions under which each bank of the System could reduce the cost of its borrowings and amortize certain capitalizations through Dec. 31, 1992.1988-Subsec. (b). Pub. L. 100-233 substituted "December 31, 1992" for "December 31, 1988" in two places.1986- Pub. L. 99-509 designated existing provisions as subsec. (a) and added subsec. (b).