12 USC § 335 - Dealing in investment securities; limitations and conditions

---
identifier: "/us/usc/t12/s335"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 335 - Dealing in investment securities; limitations and conditions"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "335"
section_name: "Dealing in investment securities; limitations and conditions"
chapter_number: 3
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "VIII"
subchapter_name: "STATE BANKS AS MEMBERS OF SYSTEM"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Dec. 23, 1913, ch. 6, § 9 (par.), as added June 16, 1933, ch. 89, § 5(c), 48 Stat. 165; amended Pub. L. 106–102, title I, § 121(d)(2), Nov. 12, 1999, 113 Stat. 1381.)"
---


# § 335. Dealing in investment securities; limitations and conditions

section 24 of this titlesection 24a of this title

State member banks shall be subject to the same limitations and conditions with respect to the purchasing, selling, underwriting, and holding of investment securities and stock as are applicable in the case of national banks under paragraph “Seventh” of . This section shall not apply to any interest held by a State member bank in accordance with  and subject to the same conditions and limitations provided in such section.

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**Source Credit**: (Dec. 23, 1913, ch. 6, § 9 (par.), as added June 16, 1933, ch. 89, § 5(c), 48 Stat. 165; amended Pub. L. 106–102, title I, § 121(d)(2), Nov. 12, 1999, 113 Stat. 1381.)

## Editorial Notes

### Codification

Section is comprised of the twentieth par. of section 9 of act , as amended. The twentieth par. constituted the eighteenth par. of section 9 in 1933 (), became the nineteenth par. in 1935 (), and became the twentieth par. in 1950 (). For further details, see Codification notes set out under sections 321 and 329a of this title.

### Amendments

1999— inserted at end “This section shall not apply to any interest held by a State member bank in accordance with  and subject to the same conditions and limitations provided in such section.”

## Statutory Notes and Related Subsidiaries

### Effective Date of 1999 Amendment

Amendment by  effective 120 days after , see , set out as a note under .