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Old 08-09-2007, 09:49 AM
dorkenbutt dorkenbutt is offline
Practice Makes Perfect
 
Join Date: Jul 2007
Posts: 206
TITLE 18 > PART I > CHAPTER 1 > § 8

§ 8. Obligation or other security of the United States defined

The term “obligation or other security of the United States” includes all bonds, certificates of indebtedness, national bank currency, Federal Reserve notes, Federal Reserve bank notes, coupons, United States notes, Treasury notes, gold certificates, silver certificates, fractional notes, certificates of deposit, bills, checks, or drafts for money, drawn by or upon authorized officers of the United States, stamps and other representatives of value, of whatever denomination, issued under any Act of Congress, and canceled United States stamps. (Emphasis added)

TITLE 12 > CHAPTER 3 > SUBCHAPTER XII > § 411

§ 411. Issuance to reserve banks; nature of obligation; redemption


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. (Emphasis added)

This ends my participation in this thread. I have shown what needed to be shown. Since you cannot argue with ignorance, I am done.
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