---
kind: "section"
citation: "12 U.S.C. § 121"
title: "12"
title_heading: "Banks and Banking"
number: "121"
heading: "Repealed. Pub. L. 103–325, title VI, § 602(f)(4)(B), Sept. 23, 1994, 108 Stat. 2292"
status: "repealed"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/121"
units:
  - "Chapter 2 — National Banks"
  - "Subchapter VI — Redemption and Replacement of Circulating Notes"
---

# [§121. Repealed. Pub. L. 103–325, title VI, § 602(f)(4)(B), Sept. 23, 1994, 108 Stat. 2292 — repealed]



## Notes

Section, acts June 20, 1874, ch. 343, § 3, 18 Stat. 123; Dec. 23, 1913, ch. 6, § 20, 38 Stat. 271; May 29, 1920, ch. 214, § 1, 41 Stat. 654, provided that every national banking association was to establish reserve in Treasury for redemption of notes by Treasurer of United States, forward notes unfit for use to Treasurer for disposition, and reimburse expenses of Treasury.