15 U.S.C. § 1849 — Federal Reserve banks as fiscal agents

FEDERAL · 15 U.S.C. · Chapter 45

Federal Reserve banks as fiscal agents

Current through Pub. L. 119-102

Title 15 — Commerce and Trade·Ch. 45 — EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES

Any Federal Reserve bank which is requested to do so shall act as fiscal agent for the Board. Each such fiscal agent shall be reimbursed by the Board for all expenses and losses incurred by it in acting as agent on behalf of the Board.

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History

(Pub. L. 92–70, §10, Aug. 9, 1971, 85 Stat. 181.)