12 U.S.C. § 1439a — Deposits in special fund; availability for all purposes of Federal Home Loan Bank Board and Federal Home Loan Bank Administration
submitted 83 years ago by ch. 145 to r/title-12-BANKS-AND-BANKING · 106 words · no verdicts yet
Certain Treasury deposits are placed in a special account and made available for the former Federal Home Loan Bank Board and Administration. The account is subject to two provisions of title 15.
All money previously deposited in the Treasury under the last sentence of section 1439, including unspent amounts appropriated for administration, and all money that otherwise would later be deposited there, must instead be deposited with the U.S. Treasurer in a special deposit account. The account is available, retroactively and prospectively, for all purposes of the Federal Home Loan Bank* Board and Federal Home Loan Bank* Administration, subject to 15 U.S.C. § 712a(a) and (b).
All moneys and funds heretofore deposited in the Treasury of the United States under the last sentence of section 1439 1 of this title (including unexpended balances of moneys appropriated therefrom for administrative expenses), and hereafter all moneys and funds which would, except for this provision, be so depositable thereunder, shall be deposited with the Treasurer of the United States in a special deposit account and shall be available, retroactively as well as prospectively, for expenditure for all purposes of the Federal Home Loan Bank* Board and the Federal Home Loan Bank* Administration, subject to subsections (a) and (b) of section 712a of title 15.
Source credit: (June 26, 1943, ch. 145, title I, § 101, 57 Stat. 186; 1947 Reorg. Plan No. 3, eff. July 27, 1947, 12 F.R. 4981, 61 Stat. 954; Aug. 11, 1955, ch. 783, title I, § 109(a)(3), 69 Stat. 640.)
- 1943Enacted · Act of June 26, 1943, ch. 145 · 57 Stat. 186
- 1955Amended · Act of Aug. 11, 1955, ch. 783 · 69 Stat. 640
A history note hasn’t been published yet. The record shows enactment by ch. 145 on 1943-06-26.
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