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12 U.S. Code § 411 – Issuance to reserve banks; nature of obligation; redemption

Legal Information Institute

Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank.

(Dec. 23, 1913, ch. 6, § 16 (par.), 38 Stat. 265; Jan. 30, 1934, ch. 6, § 2(b)(1), 48 Stat. 337; Aug. 23, 1935, ch. 614, title II, § 203(a), 49 Stat. 704.)

https://www.law.cornell.edu/uscode/text/12/411

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14 Responses to 12 U.S. Code § 411 – Issuance to reserve banks; nature of obligation; redemption

  1. KOYOTE( A TRANSETHNIC IRISHMAN) says:

    “LEGAL INFORMATION INSTITUTE” MY ASS
    THATS “JEW INFORMATION INSTITUTE” aint it??????????

  2. robert says:

    OK, so what’s your point of posting this? do you know how we can redeem this “lawful money”? Or are you just posting this to drum up views / ratings? take a read on the 1934 Amendment…states that redemption in gold has been removed. IAW the US constitution, lawful money is gold coin but that provision has been removed way back in 1934. SO, now what? where can we get gold coin in exchange for these FRNs?

    https://www.gpo.gov/fdsys/pkg/USCODE-2015-title12/pdf/USCODE-2015-title12-chap3-subchapXII-sec411.pdf

    • Henry Shivley says:

      Posting to drum up views/ratings?
      Are you just coming on this site to try to cause it harm?
      Tell you what views and ratings mean to us. You and all others like you can f#@k off. We put up articles on this site because this is what we choose to talk about. As for turning FRNs into gold, even a f#@king retard can go to a gold merchant, of which there is one in every town of any consequence, and trade their FRNs for gold at spot price and a small commission.
      You are not talking to stupid people here, in fact you are not talking to anyone here.
      Bye.

  3. Someone in the Back Room says:

    This rabbit hole can go as deep as you want.
    ‘Come on Alice, let’s find that queen.’

    Here’s a couple to start with:

    https://www.federalreserve.gov/faqs/money_15197.htm
    ~ In their own twisted way, this is how they justify FRNs versus US notes and/or Silver & Gold.

    http://www.goldismoney2.com/threads/redeeming-lawful-money.38556/
    ~ Decent discussion on ‘Redeeming Lawful Money’.

  4. tc says:

    The Federal Reserve Debt Note….One of the greatest frauds ever perpetrated on the American people.
    Designed to keep everyone in debt so that a handful of banking families can have anything they want.
    If I go to the store and use a debt note to purchase a pack of gum, sure, I got a pack of gum. But all I really did was pass off some debt to the store owner.
    This is why the National debt is a fraud.
    You can’t pay debt with more debt.
    Mathematically, when you add a negative to a negative, all you can get is more negative.
    We’re all busily trading debt back and forth and none of us owns a damn thing.

    • koyote( mlk was a proud commie ) says:

      Well stated brother

    • # 1 NWO Hatr says:

      “One of the greatest frauds ever perpetrated on the American people.”

      One of, yes.

      Strawman would be the greatest, imo.

      • tc says:

        Yep.
        That’s why I was sure to write “One of…”
        When the liars and the hucksters decided to base their system on fraud and treason, then sooner or later EVERYTHING must become fraud and treason by extension.
        It’s called the Immutable Law of Chicanery or Chicanery’s Law.
        …and don’t look that one up on the net because I just made up Chicanery’s Law off the top of my head.
        I was going to call it Shenanigans Law, but that just didn’t sound right.

        • KOYOTE( A TRANSETHNIC IRISHMAN) says:

          I LIKE THE “LAW OF DAMN SHENANIGANS” MYSELF, SOUNDS AS IF IT HAS “DEPTH” TO IT, AND REASON. NO MATTER HOW FAR FETCHED OR EVIL…………

        • # 1 NWO Hatr says:

          The strawman ‘system’ is the one facet of the NWO that I’ve done the most intensive research on (one of two, actually). Much as I hate to admit it (begrudgingly), it’s absolutely brilliant. The creators even stated that maybe ONE in a million might figure it out on their own, and that wouldn’t surprise me in the least.

          The only other facet that I’ve done as much in-depth research on would be the stinking jews themselves.

          • tc says:

            LOL @ us discussing which fraud is greatest.
            God help us all.
            Here’s a quote you may hate…I know I hate it and it ties in with the stinking jews.

            1869 —- “Thanks to the terrible power of our International Banks, we have forced the Christians into wars without number. Wars have a special value for Jews, since Christians massacre each other and make more room for us Jews. Wars are the Jews’ Harvest: The Jew banks grow fat on Christian wars. Over 100-million Christians have been swept off the face of the earth by wars, and the end is not yet.”
            — Rabbi Reichorn, speaking at the funeral of Grand Rabbi Simeon Ben-Iudah, 1869, in France

          • # 1 NWO Hatr says:

            Yup, seen that one before… and worse.

            Total extermination is the only way to deal with these psychos.

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