12 USC § 2158 - Purchase and sale by Federal Reserve System

---
identifier: "/us/usc/t12/s2158"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 2158 - Purchase and sale by Federal Reserve System"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "2158"
section_name: "Purchase and sale by Federal Reserve System"
chapter_number: 23
chapter_name: "FARM CREDIT SYSTEM"
subchapter_number: "IV"
subchapter_name: "PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF INSTITUTIONS OF THE SYSTEM"
part_number: "A"
part_name: "Funding"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 92–181, title IV, § 4.7, Dec. 10, 1971, 85 Stat. 612.)"
---


# § 2158. Purchase and sale by Federal Reserve System

section 355 of this title

Any member of the Federal Reserve System may buy and sell bonds, debentures, or other similar obligations issued under the authority of this chapter and any Federal Reserve bank may buy and sell such obligations to the same extent and subject to the same limitations placed upon the purchase and sale by said banks of State, county, district, and municipal bonds under .

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**Source Credit**: (Pub. L. 92–181, title IV, § 4.7, Dec. 10, 1971, 85 Stat. 612.)