2016 US Code
Title 12 - Banks and Banking
Chapter 11 - Federal Home Loan Banks
Sec. 1434 - Depositaries of public money; financial agents

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Citation 12 U.S.C. § 1434 (2016)
Section Name §1434. Depositaries of public money; financial agents
Section Text

When designated for that purpose by the Secretary of the Treasury, each Federal Home Loan Bank shall be a depositary of public money, except receipts from customs, under such regulations as may be prescribed by said Secretary; and it may also be employed as a financial agent of the Government; and it shall perform all such reasonable duties as depositary of public money and financial agent of the Government as may be required of it.

Source Credit

(July 22, 1932, ch. 522, §14, 47 Stat. 736.)

Publication Title United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 12 - BANKS AND BANKING
CHAPTER 11 - FEDERAL HOME LOAN BANKS
Sec. 1434 - Depositaries of public money; financial agents
Contains section 1434
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large Reference 47 Stat. 736
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