1. Farmers & Merchants Bank v. Federal Reserve Bank, No. 823., SUPREME COURT OF THE UNITED STATES, Argued April 30, May 1, 1923. , June 11, 1923, Decided
OVERVIEW: State statute allowing state banks to avoid absolute compliance with par clearance and collection through federal reserve banks was held constitutional where it did not infringe the powers or obstruct the duties of federal reserve banks.
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