U.S. Code » Title 12 » Chapter CHAPTER 3— FEDERAL RESERVE SYSTEM › Subchapter SUBCHAPTER XI— DEPOSITARIES AND FISCAL AGENTS

12 U.S.C. § 394

Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation

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The Federal Reserve banks are authorized, with the approval of the Secretary of the Treasury, to act as depositaries, custodians, and fiscal agents for the Home Owners’ Loan Corporation.