Sec. 210.30. **[**depositary of public money29**]**
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## Sec. 210.30 **[**depositary of public money29**]** **[**[12 U.S.C. 1789a](/us/usc/t12/s1789a)**]** Any credit union the accounts of which are insured under this title shall be a depositary of public money and may be employed as fiscal agent of the United States. The Secretary of the Treasury is authorized to deposit public money in any such insured credit union, and shall prescribe such regulations as may be necessary to enable such credit unions to become depositaries of public money and fiscal agents of the United States.
Each credit union shall perform all such reasonable duties as depositaries of public money and fiscal agent of the United States as may be required of it including services in connection with the collection of taxes and other obligations owed the United States. 29Section heading does not appear in the original. 30Item 1 of the section designated as section 2 following section 664 of the Treasury, Postal Service, and General Government Appropriations Act, 1997 (as enacted by section 101(f) of P.L. 104–208) provided for the selection of national banks as financial agents.
Item 2 of such section reads as follows: “2. Make conforming changes to 12 U.S.C. 265, 266, 391, 1452(d), 1767, 1789a, 2013, 2122 and to 31 U.S.C. 3122 and 3303.”. Due to the inexact nature of the direction, no change is shown here.
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