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the U.S. Code
2012 U.S. Code
Title 12 - Banks and Banking
Chapter 3 - FEDERAL RESERVE SYSTEM (§§ 221 - 522)
Subchapter XI - DEPOSITARIES AND FISCAL AGENTS (§§ 391 - 395)
Section 394 - Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation
DEPOSITARIES AND FISCAL AGENTS - 12 U.S.C. § 394 (2012)
§394. Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation
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.
(Apr. 27, 1934, ch. 168, §8, 48 Stat. 646.)
Abolition of Home Owners’ Loan CorporationFor 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.
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