12 USC § 144 - Certain balances counted toward reserves in dependencies and insular possessions

---
identifier: "/us/usc/t12/s144"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 144 - Certain balances counted toward reserves in dependencies and insular possessions"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "144"
section_name: "Certain balances counted toward reserves in dependencies and insular possessions"
chapter_number: 2
chapter_name: "NATIONAL BANKS"
subchapter_number: "VIII"
subchapter_name: "RESERVE CITIES; LAWFUL RESERVES"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(R.S. § 5192; July 1, 1952, ch. 536, 66 Stat. 314; Pub. L. 86–70, § 7, June 25, 1959, 73 Stat. 142; Pub. L. 86–114, § 3(b)(3), July 28, 1959, 73 Stat. 263.)"
---


# § 144. Certain balances counted toward reserves in dependencies and insular possessions

Four-fifths of the reserve of 15 per centum which a national bank located in a dependency or insular possession or any part of the United States outside of the continental United States, and not a member of the Federal Reserve System, is required to keep, may consist of balances due such bank from associations approved by the Comptroller of the Currency and located in any one of the reserve cities as now or hereafter defined by law or designated by the Board of Governors of the Federal Reserve System.

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**Source Credit**: (R.S. § 5192; July 1, 1952, ch. 536, 66 Stat. 314; Pub. L. 86–70, § 7, June 25, 1959, 73 Stat. 142; Pub. L. 86–114, § 3(b)(3), July 28, 1959, 73 Stat. 263.)

## Editorial Notes

### Codification

R.S. § 5192 derived from , , which was the National Bank Act. See .

### Amendments

1959— struck out “central reserve or” before “reserve cities”.

struck out “in Alaska or” before “in a dependency”.

1952—Act , reduced the required amount of cash on hand from two-fifths to one-fifth of the required reserve of 15 per centum.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1959 Amendment

Amendment by  effective three years after , see , set out as a Central Reserve and Reserve Cities note under former .

## Executive Documents

### Exception as to Transfer of Functions

Functions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under .