15 U.S.C. § 1849 — Federal Reserve banks as fiscal agents
submitted 55 years ago by Pub. L. 92-70 to r/title-15-COMMERCE-AND-TRADE · 45 words · no verdicts yet
A Federal Reserve bank that is asked to do so must act as the Board’s fiscal agent. The Board must repay its expenses and losses.
Any Federal Reserve bank that the Board asks must act as the Board’s fiscal agent. The Board must reimburse that bank for all expenses and losses it incurs while acting for the Board.
Any Federal Reserve bank which is requested to do so shall act as fiscal agent for the Board. Each such fiscal agent shall be reimbursed by the Board for all expenses and losses incurred by it in acting as agent on behalf of the Board.
Source credit: (Pub. L. 92–70, § 10, Aug. 9, 1971, 85 Stat. 181.)
- 1971Enacted · Pub. L. 92-70 · 85 Stat. 181
A history note hasn’t been published yet. The record shows enactment by Pub. L. 92-70 on 1971-08-09.
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