2016 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter XI - Depositaries and Fiscal Agents
Sec. 395 - Federal reserve banks as depositaries, custodians and fiscal agents for Commodity Credit Corporation

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Citation 12 U.S.C. § 395 (2016)
Section Name §395. Federal reserve banks as depositaries, custodians and fiscal agents for Commodity Credit Corporation
Section Text

The Federal Reserve banks are authorized to act as depositaries, custodians, and fiscal agents for the Commodity Credit Corporation.

Source Credit

(July 16, 1943, ch. 241, §3, 57 Stat. 566.)

Editorial Notes TRANSFER OF FUNCTIONS

Administration of program of Commodity Credit Corporation transferred to Secretary of Agriculture by Reorg. Plan No. 3 of 1946, §501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See Appendix to Title 5, Government Organization and Employees.

EXCEPTIONS FROM TRANSFER OF FUNCTIONS

Functions of Corporations of Department of Agriculture, boards of directors and officers of such corporations, Advisory Board of Commodity Credit Corporation, and Farm Credit Administration or any agency, officer or entity of, under, or subject to supervision of Administration were excepted from functions of officers, agencies, and employees transferred to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, §1, eff. June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the Appendix to Title 5, Government Organization and Employees.

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 3 - FEDERAL RESERVE SYSTEM
SUBCHAPTER XI - DEPOSITARIES AND FISCAL AGENTS
Sec. 395 - Federal reserve banks as depositaries, custodians and fiscal agents for Commodity Credit Corporation
Contains section 395
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large References 57 Stat. 566
60 Stat. 1100
67 Stat. 633
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