FEDERAL · 12 U.S.C. · Chapter 3

Federal reserve banks as depositaries, custodians and fiscal agents for Commodity Credit Corporation

Current through Pub. L. 119-102
Title 12Banks and Banking·Ch. 3 — FEDERAL RESERVE SYSTEM·Subch. XI
The Federal Reserve banks are authorized to act as depositaries, custodians, and fiscal agents for the Commodity Credit Corporation.

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12 U.S.C. § 395 (Federal reserve banks as depositaries, custodians and fiscal agents for Commodity Credit Corporation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(July 16, 1943, ch. 241, §3, 57 Stat. 566.)

Editorial Notes

Executive Documents

Transfer of Functions
Administration of program of Commodity Credit Corporation transferred to Secretary of Agriculture by Reorg. Plan No. 3 of 1946, §501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See Appendix to Title 5, Government Organization and Employees.

Exceptions From Transfer of Functions
Functions of Corporations of Department of Agriculture, boards of directors and officers of such corporations, Advisory Board of Commodity Credit Corporation, and Farm Credit Administration or any agency, officer or entity of, under, or subject to supervision of Administration were excepted from functions of officers, agencies, and employees transferred to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, §1, eff. June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the Appendix to Title 5, Government Organization and Employees.