Lawful money

[shikamaru]

Shikamaru, can you please provide the citation/link to this? "The Congress has specified that Federal Reserve Banks must hold collateral equal in value to the Federal Reserve notes that the Federal Reserve Bank puts in to circulation. This collateral is chiefly held in the form of U.S. Treasury, federal agency, and government-sponsored enterprise securities" Thank you.

Not trying too hard, this is what I could come up with:

http://www.law.cornell.edu/uscode/te...subchapter-XIV

http://www.law.cornell.edu/uscode/te...subchapter-XII

Other than that, one could try combing through Title 12 of the USC.