12 USC § 371a - Repealed. Pub. L. 111–203, title VI, § 627(a)(1), July 21, 2010, 124 Stat. 1640
---
identifier: "/us/usc/t12/s371a"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 371a - Repealed. Pub. L. 111–203, title VI, § 627(a)(1), July 21, 2010, 124 Stat. 1640"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "371a"
section_name: "Repealed. Pub. L. 111–203, title VI, § 627(a)(1), July 21, 2010, 124 Stat. 1640"
chapter_number: 3
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "X"
subchapter_name: "POWERS AND DUTIES OF MEMBER BANKS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
status: "repealed"
---
# § 371a. Repealed. Pub. L. 111–203, title VI, § 627(a)(1), July 21, 2010, 124 Stat. 1640
Section, , formerly § 19 par. (12), as added , ; amended , title III, § 324(c), ; Proc. No. 2695, eff. , 11 F.R. 7517, ; renumbered § 19(i), , , ; , , ; , §§ 302(a), 307, , , 147, prohibited member banks from paying interest on any deposit payable on demand but included savings provisions and exceptions.
## Statutory Notes and Related Subsidiaries
### Effective Date of Repeal
> “The amendments made by subsection (a) [amending sections 1464 and 1828 of this title and repealing this section] shall take effect 1 year after the date of the enactment of this Act [
>
> ].”
, , , provided that: