Full text of Mimeograph Letters and Statements of the Board : Congressional Act, re Holding of Federal Reserve Notes, Gold, Gold Certs., Money and Eligible Collateral Security by Federal Reserve Agents and Banks, Number 1020, Volume 5, Page 2085

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BE IT ENACTED BY THE SEIa TE AND HOUSE OE REPRE­
SENTATIVES OF THE UNITED STATES OF MlRtCA IN CONGRESS
ASSEMBLED,

That all Federal reserve notes and all
gold, gold certificates, lawful money and eli­
gible collateral security issued to or deposit­
ed with any Federal reserve agent under the pro­
visions of the Federal Reserve Act shall here­
after be held by such agent, under such rules
and regulations as the Federal Reserve Board may
prescribe, in the joint custody of himself and
the Federal reserve bank to which he is accredited*
Such agent and such Federal reserve bank shall be
jointly liable for the safe-keeping of such Fed­
eral reserve notes, gold, gold certificates, law­
ful money, and eligible collateral security. Noth­
ing herein contained, however, shall be construed
to prohibit a Federal reserve agent from deposit­
ing gold, or gold certificates, with the Federal
Reserve Board to be held by such Board subject to
his order or with the Treasurer of the United
States for the purposes authorized by law.

2/14/17