12 U.S.C. § 392 — Depositaries of Government funds as confined to banks in Federal reserve system; member banks as depositaries
submitted 113 years ago by ch. 6 to r/title-12-BANKS-AND-BANKING · 58 words · no verdicts yet
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No public funds of the postal savings, or any Government funds, shall be deposited in the continental United States* in any bank not belonging to the system established by this chapter: Provided, however, That nothing in this chapter shall be construed to deny the right of the Secretary of the Treasury to use member banks as depositaries.
Source credit: (Dec. 23, 1913, ch. 6, § 15 (par.), 38 Stat. 265; Proc. No. 2695, eff. July 4, 1946, 11 F.R. 7517, 60 Stat. 1352.)
- 1913Enacted · Act of Dec. 23, 1913, ch. 6 · 38 Stat. 265
A history note hasn’t been published yet. The record shows enactment by ch. 6 on 1913-12-23.
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