Scott Beach is suing the Federal Reserve Bank of Atlanta because he believes that it is issuing Federal Reserve Notes and refuses to redeem them. US Code TITLE 12 > CHAPTER 3 > SUBCHAPTER XII > § 411, requires they be redeemable. Here's the text of the law: "Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." Here are some links to Mr. Beach's documentation. Civil Action Against the Federal Reserve Bank of Atlanta Filed May 9, 2011. Case Number 11-61058-Civ-MOORE/TORRES Civil Action Against the Federal Reserve Bank of Atlanta Filed May 9, 2011. Case Number 11-61058-Civ-MOORE/TORRES Civil Action Against the Federal Reserve Bank of Atlanta Filed May 9, 2011. Case Number 11-61058-Civ-MOORE/TORRES Civil Action Against the Federal Reserve Bank of Atlanta Summons Issued May 9, 2011. Civil Action Against the Federal Reserve Bank of Atlanta Summons and Complaint Served on May 19, 2011.
