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12 U.S.C. 2158: Purchase and sale by Federal Reserve SystemText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 12-BANKS AND BANKINGCHAPTER 23-FARM CREDIT SYSTEM
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§2158. Purchase and sale by Federal Reserve System

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 section 355 of this title.

( Pub. L. 92–181, title IV, § 4 .7, Dec. 10, 1971 , 85 Stat. 612 .)