§ 391. Federal reserve banks as Government depositaries and fiscal agents
187 words·~1 min read·
/usc/title-12/section-391A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.)
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- Chapter 3200Policy For Providing Depositary And Other Financial Services To Federal Agencies
- Chapter 3000Liquidation Procedures For Failed Depositaries
- Chapter 4000Reporting Deposits And Treasury Check Issues For Payment Of Public Debt Redemptions
- Chapter 2000Issuance And Redemption Of Gold Certificates
- Chapter 1000Purpose And Plan Of Volume II Of The Treasury Financial Manual (TFM)
- Chapter 4000Treasury Check Reclamation Procedures
- Chapter 5000Letter Of Credit - Federal Reserve Bank System Operational Requirements
- Chapter 3000Bank Cash Data
- Chapter 2000Voucher Documents
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
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§ 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