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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

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

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.)

history & why it existsrecord from the source credit
  • 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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