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12 U.S.C. § 1795g — Depositories, custodians, and fiscal agents

submitted 92 years ago by Pub. L. 95-630 to r/title-12-BANKS-AND-BANKING · 61 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section addresses Depositories, custodians, and fiscal agents. It states the definitions, requirements, powers, limits, exceptions, or other rules set out in the section.

The Federal Reserve Banks are authorized to act as depositories, custodians and/or fiscal agents for the Central Liquidity Facility in the general performance of its powers conferred by this subchapter. Each Federal Reserve Bank when designated by the Board as fiscal agent for the Central Liquidity Facility, must be entitled to be reimbursed for all expenses incurred as such fiscal agent.
the actual law source: uscode.house.gov ↗public domain

The Federal Reserve Banks are authorized to act as depositories, custodians and/or fiscal agents for the Central Liquidity Facility in the general performance of its powers conferred by this subchapter. Each Federal Reserve Bank when designated by the Board as fiscal agent for the Central Liquidity Facility, shall be entitled to be reimbursed for all expenses incurred as such fiscal agent.

Source credit: (June 26, 1934, ch. 750, title III, formerly subch. III, § 308, as added and amended Pub. L. 95–630, title V, § 502(b), title XVIII, § 1802, Nov. 10, 1978, 92 Stat. 3681, 3723; Pub. L. 96–221, title III, § 309(a)(4), (b)(1), (2), Mar. 31, 1980, 94 Stat. 149.)

history & why it existsrecord from the source credit
  • 1934Enacted · Pub. L. 95-630 · 92 Stat. 3681, 3723
  • 1980Amended · Pub. L. 96-221 · 94 Stat. 149

A history note hasn’t been published yet. The record shows enactment by Pub. L. 95-630 on 1934-06-26.

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