Is a bank required to have adequate cash (FRN) on hand to cash out a large check?

[David Merrill]

All United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor.

After visiting a doctor, I attempted to pay my co-payment with cash, as I’d done several times before. The receptionist told me, “We don’t accept cash anymore.” I was astounded. This was the first time anywhere that I attempted to make a payment in person and could not use cash. I read her the statement on a $20 bill: “This note is legal tender for all debts, public and private.” She said, “I’m sorry; we take only credit cards, debit cards, and checks.” What do you think of their decision to no longer accept cash? https://parade.com/433394/marilynvos...t-accept-cash/

12 U.S. Code § 411 - Issuance to reserve banks; nature of obligation; redemption.
https://www.youtube.com/watch?reload=9&v=ozTUqkYz8B0

Title 62 - Banks and Banking, Title 12 U.S.C. seventh, Title 18 U.S.C. §8.

PBNBA Private Bankers National Banking Association. https://www.youtube.com/watch?reload=9&v=ozTUqkYz8B0

12 USC 411 of the federal reserve act states in no uncertain terms that federal reserve notes are for advances to federal reserve banks only, and no other purpose. That means you own a bank and are its authorized representative, principle, and owner of a federal reserve bank. https://www.youtube.com/watch?v=vEj4Tq1wsYg

12 U.S. Code § 305 - Class C directors; selection; “Federal reserve agent”

After all, those Federal Reserve Notes serve as a medium of exchange for goods, services and in settlement of debt. And Section 411 of Title 31 of the U.S. Code establishes Federal Reserve Notes as obligations of the U.S. government. http://www.signoraggio.com/signoragg...wfulmoney.html

https://ru.wikipedia.org/wiki/%D0%A4%D0%B0%D0%B9%D0%BB:US_$20_1929_Federal_Reser ve_Bank_Note.jpgv


https://www.google.com/search?q=the+...w=1366&bih=631

Very nice! Pay particular attention to Footnote 4 of this Treatise. I think the paper describes the distinctions between reserve banking and fractional lending. I had lumped them together by 1913. Thanks again for causing me to reconsider.

Now...

Do you consider there to be any distinctions between "member bank" and Federal Reserve Agent?