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U.S. Code as of:
01/19/04
Section 359. Purchase and sale of acceptances of intermediate credit banks and agricultural credit corporations
Every Federal reserve bank shall have power to purchase and sell
in the open market, either from or to domestic banks, firms,
corporations, or individuals, acceptances of Federal intermediate
credit banks and of national agricultural credit corporations,
whenever the Board of Governors of the Federal Reserve System shall
declare that the public interest so requires.
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