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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 3— FEDERAL RESERVE SYSTEM · SUBCHAPTER XI— DEPOSITARIES AND FISCAL AGENTS · § 391

§ 391. Federal reserve banks as Government depositaries and fiscal agents

187 words·~1 min read·/usc/title-12/section-391

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The moneys held in the general fund of the Treasury, except the 5 per centum fund for the redemption of outstanding national-bank notes may, upon the direction of the Secretary of the Treasury, be deposited in Federal reserve banks, which banks, when required by the Secretary of the Treasury, shall act as fiscal agents of the United States; and the revenues of the Government or any part thereof may be deposited in such banks, and disbursements may be made by checks drawn against such deposits.
(Dec. 23, 1913, ch. 6, § 15 (par.), 38 Stat. 265; Pub. L. 90–269, § 2, Mar. 18, 1968, 82 Stat. 50.)
Connections146 cite this
Cited by 146 sections · top 60
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7 references not yet in our index
  • Dec. 23, 1913, ch. 6, § 15
  • 38 Stat. 265
  • Pub. L. 90–269, § 2
  • 82 Stat. 50
  • Mar. 4, 1923, ch. 252
  • 42 Stat. 1480
  • Pub. L. 90–269
Citation graph
cites case law
§ 391
Federal reserve banks as Government depositaries and fiscal agents
Fed. Reg.×131
TFM×11
Bills×2
Stat.×1
U.S.C.×1
ActDec. 23, 1913, ch. 6, § 15
Stat.38 Stat. 265
Pub. L.Pub. L. 90–269, § 2
Stat.82 Stat. 50
ActMar. 4, 1923, ch. 252
Cites 7 · showing 5Cited by 146 across 5 sources
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