Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation
About This Law
/us/usc/t12/s394
Title
12 — Banks and Banking
Chapter
CH3
Release
119-84
Release Date
2026-04-17
Section Text
Highlight any text to annotate
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.)
Statutory Notes and Related Subsidiaries
Abolition of Home Owners’ Loan Corporation
For 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.
Take Action
Your position
Add a comment
to comment on this section.
Annotate the text
Highlight any passage on the Full Text tab to attach a note. Annotations appear on the Annotations tab.