Subchapter IX. Powers and Duties of Federal Reserve Banks 12 U.S. Code §341. General enumeration of powers 12 U.S. Code §342. Deposits; exchange and collection; member and nonmember banks or other depository institutions; charges 12 U.S. Code §343. Discount of obligations arising out of actual commercial transactions 12 U.S. Code §344. Discount or purchase of bills to finance agricultural shipments 12 U.S. Code §345. Rediscount of notes, drafts, and bills for member banks; limitation of amount 12 U.S. Code §346. Discount of acceptances 12 U.S. Code §347. Advances to member banks on their notes 12 U.S. Code §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 12 U.S. Code §347b. Advances to individual member banks on time or demand notes; maturities; time notes secured by mortgage loans covering one-to-four family residences 12 U.S. Code §347c. Advances to individuals, partnerships, and corporations; security; interest rate 12 U.S. Code §347d. Transactions between Federal Reserve banks and branch or agency of foreign bank; matters considered 12 U.S. Code §348. Discount of obligations given for agricultural purposes or based upon livestock; collateral security for Federal reserve notes 12 U.S. Code §348a. Transactions with foreign banks; supervision of Board of Governors of the Federal Reserve System 12 U.S. Code §349. Rediscount for intermediate credit banks of obligations given for agricultural purposes; discount of notes made pursuant to section 1031 12 U.S. Code §350. Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations 12 U.S. Code §351. Obligations of cooperative marketing association as issued or drawn for agricultural purposes 12 U.S. Code §352. Limitation on amount of obligations of certain maturities which may be discounted and rediscounted 12 U.S. Code §353. Purchase and sale of cable transfers, acceptances and bills 12 U.S. Code §354. Transactions involving gold coin, bullion, and certificates 12 U.S. Code §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 12 U.S. Code §356. Purchase of commercial paper from member banks and sale of same 12 U.S. Code §357. Establishment of rates of discount 12 U.S. Code §358. Establishment of accounts for purposes of open-market operations; correspondents and agencies 12 U.S. Code §359. Purchase and sale of acceptances of intermediate credit banks and agricultural credit corporations 12 U.S. Code §360. Receiving checks and drafts on deposit at par; charges for collections, exchange, and clearances 12 U.S. Code §361. Bills receivable, bills of exchange, acceptances; regulations by Board of Governors