Title 31 — Money and Finance
Chapter 33 — Depositing, Keeping, and Paying Money
§ 3303. Designation of depositaries
Statutory text
The Secretary of the Treasury designates depositaries of money as provided in this section and under other law.
When necessary to carry out the business of the United States Government and under conditions the Secretary decides are necessary, the Secretary may designate depositaries in foreign countries and in territories and possessions of the United States to receive deposits of public money. The Secretary shall give preference to United States financial institutions the Secretary decides are safe and able to give the service required.
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. 97–258 · 96 Stat. 949
Enacted · 31 U.S.C. § 3303
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 949.)
Source evidence
Code source credit
(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 949.)
0 of 1 references resolved to an enrolled provision · 1 partial
Notes
historicalAndRevision
| Historical and Revision Notes | ||
|---|---|---|
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
| 3303(a) | (no source). | |
| 3303(b) | 31:473. | June 19, 1922, ch. 228, 42 Stat. 662. |
Subsection (a) is added to inform the reader that there are numerous other laws providing for the designation of depositaries. These other laws are scattered throughout the titles of the United States Code.
In subsection (b), the words “carry out” are substituted for “transaction” for consistency. The words “terms and . . . as to security and otherwise” and “of public moneys” are omitted as surplus. The words “territories and possessions of the United States” are substituted for “Territories and insular possessions of the United States” for consistency. The words “to receive deposits of public money” are added for clarity.
Credits
(Pub. L. 97–258, , 96 Stat. 949.)