12 USC § 377 - Repealed. Pub. L. 106–102, title I, § 101(a), Nov. 12, 1999, 113 Stat. 1341
---
identifier: "/us/usc/t12/s377"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 377 - Repealed. Pub. L. 106–102, title I, § 101(a), Nov. 12, 1999, 113 Stat. 1341"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "377"
section_name: "Repealed. Pub. L. 106–102, title I, § 101(a), Nov. 12, 1999, 113 Stat. 1341"
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status: "repealed"
---
# § 377. Repealed. Pub. L. 106–102, title I, § 101(a), Nov. 12, 1999, 113 Stat. 1341
Section, acts , ; , title II, § 203(a), title III, § 302, , 707, prohibited member banks from affiliating with organizations dealing in securities and provided for penalties.
## Statutory Notes and Related Subsidiaries
### Effective Date of Repeal
Repeal effective 120 days after , see , set out as an Effective Date of 1999 Amendment note under .