FEDERAL · 12 U.S.C. · Chapter 11

Depositaries of public money; financial agents

Current through Pub. L. 119-102
Title 12Banks and Banking·Ch. 11 — FEDERAL HOME LOAN BANKS
When designated for that purpose by the Secretary of the Treasury, each Federal Home Loan Bank shall be a depositary of public money, except receipts from customs, under such regulations as may be prescribed by said Secretary; and it may also be employed as a financial agent of the Government; and it shall perform all such reasonable duties as depositary of public money and financial agent of the Government as may be required of it.

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12 U.S.C. § 1434 (Depositaries of public money; financial agents) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Federal Home Loan Bank v. Deutsche Bank Securities, Inc.
736 F. Supp. 2d 1283 (W.D. Washington, 2010)
7 case citations

Source Credit

History

(July 22, 1932, ch. 522, §14, 47 Stat. 736.)