22 U.S.C. § 283ee — Federal Reserve banks as depositories

submitted 42 years ago by Pub. L. 98-473 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 48 words · no verdicts yet

in plain englishAI-generated · not legal advice

If the Corporation asks, a Federal Reserve bank must act as its depository or agent. The Federal Reserve's Board of Governors oversees this work.

If the Corporation asks a Federal Reserve bank to serve as its depository or as its fiscal agent, that Federal Reserve bank must do so. The Board of Governors of the Federal Reserve System supervises and directs how the Federal Reserve banks carry out these duties.

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

Any Federal Reserve bank which is requested to do so by the Corporation shall act as its depository or as its fiscal agent, and the Board of Governors of the Federal Reserve System shall supervise and direct the carrying out of these functions by the Federal Reserve banks.

Source credit: (Pub. L. 98–473, title I, § 101(1) [title I], Oct. 12, 1984, 98 Stat. 1884, 1885.)

history & why it existsrecord from the source credit

1984Enacted · Pub. L. 98-473 · 98 Stat. 1884, 1885

A history note hasn’t been published yet. The record shows enactment by Pub. L. 98-473 on 1984-10-12.

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