Strong, Benjamin, 1872-1928
Benjamin Strong Jr. Papers, New York Federal Reserve Bank
Sec. 13. That the Federal Reserve Bank shall be required to maintain in behalf of the national banking associations which have notes in circulation the five per centum redemption fund held in the general fund of the United States Treasury and any deficiencies in the said fund shall be forthwith paid by the Federal Reserve Bank to the Treasury of the United States upon demand, and the Federal Reserve Bank shall be forthwith reimbursed by the national banking associations in whose behalf such payment is made.
Strong, Benjamin, 1872-1928, “Sec. 13,” No date, WWP18868, Benjamin Strong Jr. Papers, Woodrow Wilson Presidential Library & Museum, Staunton, Virginia.