Title 12 — Banks and Banking
Chapter 3 — Federal Reserve System
§ 394. Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation
Statutory text
The Federal Reserve banks are authorized, with the approval of the Secretary of the Treasury, to act as depositaries, custodians, and fiscal agents for the Home Owners’ Loan Corporation.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 73–168 § 8 · 48 Stat. 643
Enacted · 12 U.S.C. § 394
(Apr. 27, 1934, ch. 168, § 8, 48 Stat. 646.)
Source evidence
Code source credit
(Apr. 27, 1934, ch. 168, § 8, 48 Stat. 646.)Enacted provision · exact public law section
Sec. 8. The Federal Reserve banks are authorized, with the approval of the Secretary of the Treasury, to act as depositaries, custodians, and fiscal agents for the Home Owners’ Loan Corporation.
1 of 1 references resolved to an enrolled provision
Statutory Notes and Related Subsidiaries
Abolition of Home Owners’ Loan Corporation
For dissolution and abolishment of Home Owners’ Loan Corporation, referred to in this section, by act June 30, 1953, ch. 170, § 21, 67 Stat. 126, see note set out under section 1463 of this title.
Credits
(Apr. 27, 1934, ch. 168, § 8, 48 Stat. 646.)