12 U.S.C. § 391a — Reimbursement of Federal Reserve Banks
submitted 29 years ago by Pub. L. 105-61 to r/title-12-BANKS-AND-BANKING · 60 words · no verdicts yet
Starting in fiscal year 1998, Congress appropriates whatever money is needed to reimburse Federal Reserve Banks. This covers their work as depositaries and fiscal agents for the United States. It pays for services the Treasury Secretary requires them to perform for federal agencies.
Beginning in fiscal year 1998 and every year after, Congress appropriates whatever amount of money is necessary to reimburse Federal Reserve Banks for their work as the government's depositaries and fiscal agents. This covers all services that the Secretary of the Treasury requires or directs these banks to perform for the Treasury or for other federal agencies.
Beginning in fiscal year 1998 and thereafter, there are appropriated such sums as may be necessary to reimburse Federal Reserve Banks in their capacity as depositaries and fiscal agents for the United States for all services required or directed by the Secretary of the Treasury to be performed by such banks on behalf of the Treasury or other Federal agencies.
Source credit: (Pub. L. 105–61, title I, Oct. 10, 1997, 111 Stat. 1276.)
- 1997Enacted · Pub. L. 105-61 · 111 Stat. 1276
A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-61 on 1997-10-10.
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