Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate.
Dec. 23, 1913, ch. 6, § 7(c)38 Stat. 258Mar. 3, 1919, ch. 101, § 140 Stat. 1314Pub. L. 103–66, title III, § 3002(c)(2)107 Stat. 338(, ; , ; , , .)
Editorial Notes
Codification
Pub. L. 106–113, div. B, § 1000(a)(5) [title III, § 302(2)]113 Stat. 1536section 289 of this titlesection 290 of this titleSection is comprised of subsec. (c) [formerly third undesignated par.] of section 7 of act . Subsec. (a) of section 7 and subsec. (b) [enacted by , , , 1501A–304] of section 7 are classified to . Another subsec. (b) of section 7 is classified to .
Amendments
Pub. L. 103–661993— inserted section catchline.