Gold Reserve Act of 1934 . AN ACT To protect the currency system of the United States, to provide for the better use of the monetary gold stock of the United States, and for other purposes January 30, 1934__ 337
Be it enacted
by the Senate and House of Representatives of the United States o f America in Congress assembled, That the short title of this Act shall be the " Gold Reserve Act of 1934 ."
SEC. 2.:
(b) Section 16 of the Federal Reserve Act, as amended, is further amended in the following respects
(1) The third sentence of the first paragraph is amended to read as follows : "They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington,
District of Columbia, or at any Federal Reserve bank ."
SEC. 15. As used in this Act the term "United States" means the Government of the United States ; the term "the continental United States " means the States of the United States the District of Columbia, and the Territory of Alaska ; the term " currency of the United States " means
currency which is legal tender in the United States, and includes United States notes, Treasury notes of 1890, gold certificates, silver certificates, Federal Reserve notes, and circulating notes of Federal Reserve banks and national banking associations; and the term " person " means any individual, partnership, association, or corporation, including the Federal Reserve Board, Federal Reserve banks, and Federal Reserve agents.
SEC. 17. All Acts and parts of Acts inconsistent with any of the provisions of this Act are hereby repealed .
Approved, January 30, 1934 . Gold Reserve Act of 1934, 48 Stat. 337
12 U.S. Code § 411 - Issuance to reserve banks; nature of obligation; redemption
Federal reserve notes, to be issued at the
discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury
Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.
(Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 265; Jan. 30, 1934, ch. 6, § 2(b)(1), 48 Stat. 337; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.)
CHAP. LXXI - An Act prescribing the Form of the enacting and resolving Clauses of Acts and Resolutions of Congress, and Rules
for the Construction thereof.
SEC. 2. And be it further enacted, ... and the word " person " may extend and be applied to bodies politic and corporate,...
VOL 16, FORTY-FIRST CONGRESS. Sess III, Ch. 68, 71. 1871 Feb. 26, 1871
