31 U.S.C. § 3303 — Designation of depositaries

FEDERAL · 31 U.S.C. · Chapter SUBCHAPTER I—DEPOSITS AND DEPOSITARIES

Designation of depositaries

31 U.S.C. § 3303

ChapterSUBCHAPTER I—DEPOSITS AND DEPOSITARIES

This text of 31 U.S.C. § 3303 (Designation of depositaries) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

31 U.S.C. § 3303.

Text

(a)The Secretary of the Treasury designates depositaries of money as provided in this section and under other law.

(b)When necessary to carry out the business of the United States Government and under conditions the Secretary decides are necessary, the Secretary may designate depositaries in foreign countries and in territories and possessions of the United States to receive deposits of public money. The Secretary shall give preference to United States financial institutions the Secretary decides are safe and able to give the service required.

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(a) The Secretary of the Treasury designates depositaries of money as provided in this section and under other law.
(b) When necessary to carry out the business of the United States Government and under conditions the Secretary decides are necessary, the Secretary may designate depositaries in foreign countries and in territories and possessions of the United States to receive deposits of public money. The Secretary shall give preference to United States financial institutions the Secretary decides are safe and able to give the service required.

Source Credit

History

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 949.)

Editorial Notes

Subsection (a) is added to inform the reader that there are numerous other laws providing for the designation of depositaries. These other laws are scattered throughout the titles of the United States Code.
In subsection (b), the words "carry out" are substituted for "transaction" for consistency. The words "terms and . . . as to security and otherwise" and "of public moneys" are omitted as surplus. The words "territories and possessions of the United States" are substituted for "Territories and insular possessions of the United States" for consistency. The words "to receive deposits of public money" are added for clarity.

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Bluebook (online)

31 U.S.C. § 3303, Counsel Stack Legal Research, https://law.counselstack.com/usc/31/3303.