12 USC § 463 - Limitation on amount of balance with any depository institution without access to Federal Reserve advances

---
identifier: "/us/usc/t12/s463"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 463 - Limitation on amount of balance with any depository institution without access to Federal Reserve advances"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "463"
section_name: "Limitation on amount of balance with any depository institution without access to Federal Reserve advances"
chapter_number: 3
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "XIV"
subchapter_name: "BANK RESERVES"
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, § 19(e), formerly § 19 (par. 8), 38 Stat. 270; Aug. 15, 1914, ch. 252, 38 Stat. 691; June 21, 1917, ch. 32, § 10, 40 Stat. 239; renumbered § 19(e), Pub. L. 89–597, § 2(b), Sept. 21, 1966, 80 Stat. 824; Pub. L. 96–221, title I, § 105(e), Mar. 31, 1980, 94 Stat. 140.)"
---


# 1 Limitation on amount of balance with any depository institution without access to Federal Reserve advances

See References in Text note below.

[^1]

No member bank shall keep on deposit with any depository institution which is not authorized to have access to Federal Reserve advances under section 347b  of this title a sum in excess of 10 per centum of its own paid-up capital and surplus.

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**Source Credit**: (Dec. 23, 1913, ch. 6, § 19(e), formerly § 19 (par. 8), 38 Stat. 270; Aug. 15, 1914, ch. 252, 38 Stat. 691; June 21, 1917, ch. 32, § 10, 40 Stat. 239; renumbered § 19(e), Pub. L. 89–597, § 2(b), Sept. 21, 1966, 80 Stat. 824; Pub. L. 96–221, title I, § 105(e), Mar. 31, 1980, 94 Stat. 140.)

## Editorial Notes

### References in Text

, referred to in text, was in the original a reference to section 10(b) of this Act, meaning section 10(b) of the Federal Reserve Act. Section 10(b) of that Act was renumbered section 10B by , , , without a corresponding amendment to this section.

### Codification

Section is comprised of part of subsec. (e), formerly eighth par., of section 19 of act , as redesignated by . Remainder of subsec. (e) of such section 19 is classified to .

### Amendments

1980— substituted provisions limiting amount of balance required to be kept with any depository institution without access to Federal Reserve advances, for provisions limiting amount of balance required  to  be  kept  with  any  State  bank  or  trust company.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1980 Amendment

Amendment by  effective on first day of sixth month which begins after , see , set out as a note under .