I think USC 411 could have been written better (IMHO) to include the member banks in the 'redeemable list' [1) at the Treasury Dept; 2) in the city of DC; 3 at a Federal Reserve bank]. As I stated in my original post, the member banks could interpret 'Federal Reserve Bank' to literally mean one of the big 12 (and not them).

But, as David aptly pointed out by the original Act, there must be remedy for redeeming in U.S. notes. I believe 'Federal Reserve bank' in the language implies that member banks are 'agents' of the Federal Reserve big 12 and therefore must honor the remedy associated as such with the big 12. But if I can read 411 it on its face and 'pick it apart', then we know they can. And, they will spin it in their favor if we are ignorant to the law and intent of that law.