US Code

Public Law 119-73 (01/23/2026)

12 U.S.C. § 226

“Federal Reserve Act”

Act of December 23, 1913, ch. 638 Stat. 251The short title of the , , shall be the “Federal Reserve Act.”

Dec. 23, 1913, ch. 6, § 138 Stat. 251( (par.), .)

Editorial Notes

References in Text

Act of December 23, 1913, ch. 6act June 25, 1948, ch. 64562 Stat. 683Pub. L. 87–849, § 1(d)76 Stat. 1125Pub. L. 87–849Pub. L. 108–198, § 2(a)117 Stat. 2899The , referred to in text, is classified to this section, sections 1, 35, 59, 90, 92, 141, 142, 221, 222 to 225b, 241 to 246, 247 to 247b, 248, 248–1, 248a to 248c, 253, 261 to 263, 281 to 290, 301 to 308, 321 to 336, 338 to 339a, 341 to 352, 353 to 361, 371 to 371b, 371b–2 to 376, 391, 392, 393, 411 to 416, 418 to 421, 441 to 448, 461, 462, 462b to 467, 481 to 486, 501a to 506, 521, 522, 531, 601 to 604a, and 611 to 633 of this title and as a provision set out as a note under this section. Subsecs. (a)–(c) and (h)–(k) of section 22 of the Act, which were classified to former sections 593 to 599 of this title, were repealed and restated in sections 217 to 220, 433, 655, 656, 1005, 1014, 1906, and 1909 of Title 18, Crimes and Criminal Procedure, by , §§ 1, 21, , 862, the first section of which enacted Title 18. Sections 217 to 220 of Title 18 were subsequently renumbered sections 212 to 215 of Title 18, respectively, by , , . Sections 212 and 213 of Title 18, as renumbered by , were subsequently repealed by , , . For complete classification of this Act to the Code, see Tables.

Codification

section 221 of this titleThis section is comprised of the first par. of section 1 of act . The second to fourth pars. of section 1 are classified to .

Statutory Notes and Related Subsidiaries

Short Title of 1996 Amendment

Pub. L. 104–208, div. A, title II, § 2001(a)110 Stat. 3009–394

“This title [see Tables for classification] may be cited as the ‘Economic Growth and Regulatory Paperwork Reduction Act of 1996’.”
, , , provided that:

Short Title of 1992 Amendment

Pub. L. 102–491, § 1106 Stat. 3144

section 522 of this title“This Act [amending ] may be cited as the ‘Federal Reserve Bank Branch Modernization Act’.”
, , , provided that:

Short Title of 1987 Amendment

Pub. L. 100–86, § 1(a)101 Stat. 552

section 3334 of Title 31section 3328 of Title 31section 1729 of this title“This Act [enacting sections 371c–1, 1439–1, 1441, 1442a, 1467, 1467a, 1730h, 1730i, 1772b, 1772c, 3806, and 4001 to 4010 of this title and , Money and Finance, amending sections 24, 248a, 481, 619, 1430, 1436, 1464, 1467, 1725 to 1727, 1729 to 1730a, 1730h, 1757, 1761a, 1761b, 1764, 1766, 1767, 1785 to 1788, 1813, 1817, 1821, 1823, 1828, 1831d, 1832, 1841 to 1843, 1846, 1849, and 3106 of this title, sections 905 and 906 of Title 2, The Congress, sections 45, 46, and 57a of Title 15, Commerce and Trade, and sections 3328, 3702, 3712, 9101, and 9105 of Title 31, providing for future repeal of sections 1442a, 1467a, and 1730i of this title, enacting provisions set out as notes under sections 226, 248a, 619, 1437, 1441, 1464, 1467, 1467a, 1730, 1730a, 1751, 1811, 1841, and 4001 of this title and , and amending provisions set out as a note under ] may be cited as the ‘Competitive Equality Banking Act of 1987’.”
, , , provided that:

Pub. L. 100–86, title I, § 100101 Stat. 554

section 371c–1 of this title“This title [enacting , amending sections 24, 619, 1430, 1730, 1730a, 1813, 1828, 1831d, 1832, 1841 to 1843, and 1846 of this title, and enacting provisions set out as notes under sections 226, 619, 1730a, and 1841 of this title] may be cited as the ‘Competitive Equality Amendments of 1987’.”
, , , provided that:

Pub. L. 100–86, title III, § 301101 Stat. 585

section 1441 of this titlesection 9101 of Title 31section 1730 of this title“This title [enacting , amending sections 1430, 1436, 1725, 1727, and 1730 of this title and , Money and Finance, and enacting provisions set out as a note under ] may be cited as the ‘Federal Savings and Loan Insurance Corporation Recapitalization Act of 1987’.”
, , , provided that:

Pub. L. 100–86, title IV, § 401101 Stat. 604

section 9105 of Title 31“This title [enacting sections 1442a, 1467, 1467a, 1730h, and 1730i of this title, amending sections 1464, 1467, 1729 to 1730a, and 1730h of this title, and , Money and Finance, providing for future repeal of sections 1442a, 1467a, and 1730i of this title, and enacting provisions set out as notes under sections 1437, 1441, 1467, and 1467a of this title] may be cited as the ‘Thrift Industry Recovery Act’.”
, , , provided that:

Short Title of 1982 Amendment

Pub. L. 97–320, § 196 Stat. 1469

section 1099 of Title 20section 109 of Title 11section 82 of this titlesection 461 of this title“This Act [enacting sections 216 to 216d, 1701j–3, 1795j, 1866, 1867, 3208, and 3801 to 3805 of this title and , Education, amending sections 22, 24, 27, 29, 30, 84, 93, 94, 95, 371, 371c, 375a, 375b, 461, 484, 504, 505, 1425a, 1426, 1428a, 1430, 1431, 1436, 1437, 1462, 1464, 1718, 1719, 1725, 1726, 1727, 1728, 1729, 1730, 1730a, 1752, 1752a, 1753, 1755, 1757, 1760, 1761, 1761a, 1761b, 1761c, 1763, 1764, 1766, 1770, 1771, 1782, 1783, 1785, 1786, 1795f, 1813, 1814, 1815, 1817, 1818, 1820, 1821, 1822, 1823, 1828, 1831c, 1832, 1841, 1842, 1843, 1847, 1861, 1862, 1863, 1864, 1865, 1972, 3106, 3204, 3305, 3412, 3414, and 3503 of this title, , Bankruptcy, sections 1602 and 1603 of Title 15, Commerce and Trade, and sections 8103 and 8105 of Title 42, The Public Health and Welfare, repealing and provisions set out as a note under , enacting provisions set out as notes under this section, sections 84, 371, 371c, 1461, 1464, 1811, 1817, 1823, 3503, and 3801 of this title, and sections 1602 and 1603 of Title 15, and amending provisions set out as notes under sections 92 and 191 of this title] may be cited as the ‘Garn-St Germain Depository Institutions Act of 1982’.”
, , , provided that:

Pub. L. 97–320, title IV, § 410(a)96 Stat. 1515

section 371c of this title“This section [amending sections 371c, 375b, 1820, 1828 and 1972 of this title, and enacting provisions set out as a note under ] may be cited as the ‘Banking Affiliates Act of 1982’.”
, , , provided that:

Short Title of 1980 Amendment

Pub. L. 96–221, § 194 Stat. 132

section 1646 of Title 15“This Act [enacting sections 4a, 86a, 93a, 248a, 1730g, 1735f–7a, 1831d, and 3501 to 3524 of this title, and , Commerce and Trade, amending sections 24, 27, 29, 51b, 51b–1, 72, 85, 92, 95, 214a, 248, 342, 347b, 355, 360, 371a, 412, 461, 463, 481, 1425a, 1425b, 1431, 1464, 1724, 1726, 1728, 1752, 1757, 1763, 1785, 1787, 1795, to 1795i, 1813, 1817, 1821, 1828, 1832, 1842, and 1843 of this title, and sections 57a, 687, 1602 to 1607, 1610, 1612, 1613, 1631, 1632, 1635, 1637, 1638, 1640, 1641, 1643, 1663, 1664, 1665a, 1666, 1666d, 1667d, and 1691f of Title 15, repealing sections 86a, 371b–1, 1730e, and 1831a of this title, and sections 1614, 1636, and 1639 of Title 15, enacting provisions set out as notes under this section, sections 27, 85, 86a, 191, 248, 355, 371a, 1425a, 1724, 1730g, 1735f–7, 1735f–7a, 1787, 1813, 1817, 3101, 3501, and 3521 of this title, and sections 1601, 1602, and 1607 of Title 15, and repealing provisions set out as notes under sections 85, 86a, 371b–1, and 1831a of this title] may be cited as the ‘Depository Institutions Deregulation and Monetary Control Act of 1980’.”
, , , provided that:

Pub. L. 96–221, title I, § 10194 Stat. 132

section 248a of this title“This title [enacting , amending sections 248, 342, 347b, 355, 360, 412, 461, 463, and 1425a of this title and enacting provisions set out as notes under sections 248 and 355 of this title] may be cited as the ‘Monetary Control Act of 1980’.”
, , , provided that:

Pub. L. 96–221, title III, § 30194 Stat. 145

“This title [amending sections 371a, 1431, 1464, 1724, 1728, 1752, 1757, 1763, 1785, 1787, 1795 to 1795i, 1813, 1817, 1821, 1828, and 1832 of this title and enacting provisions set out as notes under sections 371a, 1724, 1787, 1813, and 1817 of this title] may be cited as the ‘Consumer Checking Account Equity Act of 1980’.”
, , , provided that:

Short Title of 1978 Amendment

Pub. L. 95–630, § 192 Stat. 3641

section 2153e–1 of Title 42section 461 of this titlesection 1666f of Title 15“That this Act [enacting sections 375b, 504, 505, 635a–1 to 635a–3, 1795 to 1795i, 1831c, 3106a, 3201 to 3207, 3301 to 3308, and 3401 to 3422 of this title, sections 1693 to 1693r of Title 15, Commerce and Trade, and , The Public Health and Welfare, amending sections 27, 93, 375a, 412, 635, 635e to 635g, 1451, 1462, 1464, 1715z–10, 1726, 1728 to 1730a, 1752 to 1756, 1757 to 1759, 1761 to 1763, 1766, 1767, 1771, 1772a, 1781 to 1789, 1795b to 1795g, 1813, 1817 to 1821, 1828, 1832, 1843, 1844, 1847, 1865, 1972, and 2902 of this title, sections 5108, 5314, and 5315 of Title 5, Government Organization and Employees, sections 709 and 1114 of Title 18, Crimes and Criminal Procedure, and sections 67 and 856 of former Title 31, Money and Finance, enacting provisions set out as notes under sections 27, 93, 375b, 461, 601, 635, 1451, 1728, 1730, 1751, 1752, 1795, 1817, 1832, 3201, 3301, 3401, and 3415 of this title, and sections 1601 and 1693 of Title 15; and amending provisions set out as notes under this section, , and ] may be cited as the ‘Financial Institutions Regulatory and Interest Rate Control Act of 1978’.”
, , , provided:

Short Title of 1977 Amendment

Pub. L. 95–188, title II, § 20191 Stat. 1387

section 225a of this titlesection 208 of Title 18section 242 of this title“This title [enacting , amending sections 242 and 302 of this title and , Crimes and Criminal Procedure, and enacting provisions set out as a note under ] may be cited as the ‘Federal Reserve Reform Act of 1977’.”
, , , provided that:

Short Title of 1932 Amendment

Act Feb. 27, 1932, ch. 5847 Stat. 56section 412 of this title, , which enacted sections 347a and 347b of this title, and amended , is popularly known as the Glass-Steagall Act, 1932.

Separability; Right To Amend, Alter or Repeal

Pub. L. 100–86, title XII, § 1205101 Stat. 663

“If any provision of this Act [see Short Title of 1987 Amendment note above] or the application thereof to any person or circumstances is held invalid, the remainder of the Act and the application of the provision to other persons not similarly situated or to other circumstances shall not be affected thereby.”
, , , provided that:

Act Dec. 23, 1913, ch. 638 Stat. 275Pub. L. 95–630, title I, § 10192 Stat. 3641

“Sec. 30.
If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
“Sec. 31.
The right to amend, alter, or repeal this Act is hereby expressly reserved.”
, §§ 30, 31, formerly §§ 29, 30, , renumbered §§ 30, 31, , , , provided: