Section 13 3 B

Powers of federal reserve banks.

Section 13 3 b. Any federal reserve bank may receive from any of its member banks or other depository institutions and from the united states deposits of current funds in lawful money national bank notes federal reserve notes or checks and drafts payable upon presentation or other items and also for collection maturing notes and bills. Sections 13 d and 13 g of the exchange act require any person or group of persons 2 who directly or indirectly acquires or has beneficial ownership 3 of more than 5 of a class of an issuer s section 13 d securities the 5 threshold to report such beneficial ownership on schedule 13d or schedule 13g as appropriate. A an amusement or recreational establishment will be exempt under section 13 a 3 of the act if it meets either test a or test b as explained in the following paragraphs.

B does not operate for more than seven months in any calendar year. 17 the federal reserve s use of section 13 3 is now widely regarded as extremely successful in. Central government act section 13 3 b in the income tax act 1995 b any person who has made a substantial contribution to the trust or institution 2 that is to say any person whose total contribution up to the end of the relevant previous year exceeds 3 fifty thousand rupees.

Directives 2 every issuer which has a class of securities registered pursuant to section 78l of this title and every issuer. Section 13 3 was the source of authority for federal reserve lending in connection with the jpmorgan bear stearns acquisition and the support of american international group aig and it was the source of authority for such broader programs as the term securities lending facility tslf term asset backed securities loan facility talf and commercial paper funding facility cpff. Section 13 b of the securities exchange act of 1934 15 u s c.

Or solely for purposes of exchange or of collection may receive from other.