{"data":{"id":"us/12-u.s.c.-356","jurisdiction":"us","citation":"12 U.S.C. § 356","heading":"Purchase of commercial paper from member banks and sale of same","body":"Every Federal reserve bank shall have power to purchase from member banks and to sell, with or without its indorsement, bills of exchange arising out of commercial transactions, as hereinbefore defined.","path":["Title 12—BANKS AND BANKING","CHAPTER 3—FEDERAL RESERVE SYSTEM"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"eeecdf94b3c81287b3b74279ce8838490c6765086a04154f5ae185a73fd2d8b6","source_id":"us","stale":true,"prev":"us/12-u.s.c.-355","next":"us/12-u.s.c.-357"},"notice":"GroundRules: Original legal text. Not legal advice."}