12 USC 531 - Exemption from taxation

United States Code

USC most recently checked for updates: Jun 09, 2025

Subchapter II - NATIONAL BANK CIRCULATION

U.S. Code
Notes

§ 531.

Exemption from taxation

Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate.

(Dec. 23, 1913, ch. 6, § 7(c), 38 Stat. 258; Mar. 3, 1919, ch. 101, § 1, 40 Stat. 1314; Pub. L. 103–66, title III, § 3002(c)(2), Aug. 10, 1993, 107 Stat. 338.)

cite as: 12 USC 531