2003 US Code
Title 7 - AGRICULTURE
CHAPTER 36 - CROP INSURANCE
Sec. 1510 - Deposit and investment of funds; Federal Reserve banks as fiscal agents
View Metadata| Publication Title | United States Code, 2000 Edition, Supplement 3, Title 7 - AGRICULTURE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 7 - AGRICULTURE CHAPTER 36 - CROP INSURANCE Sec. 1510 - Deposit and investment of funds; Federal Reserve banks as fiscal agents |
| Contains | section 1510 |
| Date | 2003 |
| Laws in Effect as of Date | January 19, 2004 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Feb. 16, 1938, ch. 30, title V, §510, 52 Stat. 75. |
| Statutes at Large References | 52 Stat. 75 60 Stat. 1100 |
§1510. Deposit and investment of funds; Federal Reserve banks as fiscal agents
All money of the Corporation not otherwise employed may be deposited with the Treasurer of the United States or in any bank approved by the Secretary of the Treasury, subject to withdrawal by the Corporation at any time, or with the approval of the Secretary of the Treasury may be invested in obligations of the United States or in obligations guaranteed as to principal and interest by the United States. Subject to the approval of the Secretary of the Treasury, the Federal Reserve banks are hereby authorized and directed to act as depositories, custodians, and fiscal agents for the Corporation in the performance of its powers conferred by this chapter.
(Feb. 16, 1938, ch. 30, title V, §510, 52 Stat. 75.)
Transfer of FunctionsAdministration of program of Federal Crop Insurance Corporation transferred to Secretary of Agriculture by 1946 Reorg. Plan No. 3, §501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See note set out under section 1503 of this title.
Wartime consolidation of Federal Crop Insurance Corporation into Agricultural Conservation and Adjustment Administration, see note set out under section 1503 of this title.
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