Subchapter IX - POWERS AND DUTIES OF FEDERAL RESERVE BANKS

Section 341 - General enumeration of powers
Section 342 - Deposits; exchange and collection; member and nonmember banks or other depository institutions; charges
Section 343 - Discount of obligations arising out of actual commercial transactions
Section 344 - Discount or purchase of bills to finance agricultural shipments
Section 345 - Rediscount of notes, drafts, and bills for member banks; limitation of amount
Section 346 - Discount of acceptances
Section 347 - Advances to member banks on their notes
Section 347a - Advances to member bank groups; inadequate amounts of eligible and acceptable assets; liability of individual banks in group; distribution of loans among banks of group; rate of interest; notes accepted for advances as collateral security for Federal reserve notes; foreign obligations as security for advances
Section 347b - Advances to individual member banks on time or demand notes; maturities; time notes secured by mortgage loans covering one-to-four family residences
Section 347c - Advances to individuals, partnerships, and corporations; security; interest rate
Section 347d - Transactions between Federal Reserve banks and branch or agency of foreign bank; matters considered
Section 348 - Discount of obligations given for agricultural purposes or based upon livestock; collateral security for Federal reserve notes
Section 348a - Transactions with foreign banks; supervision of Board of Governors of the Federal Reserve System
Section 349 - Rediscount for intermediate credit banks of obligations given for agricultural purposes; discount of notes made pursuant to section 1031
Section 350 - Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations
Section 351 - Obligations of cooperative marketing association as issued or drawn for agricultural purposes
Section 352 - Limitation on amount of obligations of certain maturities which may be discounted and rediscounted
Section 352a - Repealed
Section 353 - Purchase and sale of cable transfers, acceptances and bills
Section 354 - Transactions involving gold coin, bullion, and certificates
Section 355 - Purchase and sale of obligations of National, State, and municipal governments; open market operations; purchases and sales from or to United States; maximum aggregate amount of obligations acquired directly from or loaned directly to United States
Section 356 - Purchase of commercial paper from member banks and sale of same
Section 357 - Establishment of rates of discount
Section 358 - Establishment of accounts for purposes of open-market operations; correspondents and agencies
Section 359 - Purchase and sale of acceptances of intermediate credit banks and agricultural credit corporations
Section 359a - Omitted
Section 360 - Receiving checks and drafts on deposit at par; charges for collections, exchange, and clearances
Section 361 - Bills receivable, bills of exchange, acceptances; regulations by Board of Governors
Section 362 to 364 - Omitted