Legal corpus: the complete U.S. Code (59,740 sections, all 53 titles)

Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code
now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
59,740; repo total 105,704 records. Deterministic (byte-identical rerun,
verified on Title 42's 8,356 sections); make check green. make
legal-us-code default now covers every title.

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
This commit is contained in:
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2026-07-06 10:51:44 -04:00
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---
type: "LegalText"
title: "12 U.S.C. § 391"
description: "Federal reserve banks as Government depositaries and fiscal agents"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "3"
chapter_name: "FEDERAL RESERVE SYSTEM"
section: "391"
citation: "12 U.S.C. § 391"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
source_identifier: "/us/usc/t12/s391"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "65874b09b0518d3e1f5109df19a1b07aed2e0baa4b881688c29847cd8912f85b"
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
text_hash: "d7375fb8ced4070d9bb10e48d5b927399f16844b7f18913170b8f1b2d118f505"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---
# 12 U.S.C. § 391 - Federal reserve banks as Government depositaries and fiscal agents
## Text
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. 90269, § 2, Mar. 18, 1968, 82 Stat. 50.)
## Notes
Editorial Notes
Codification Section is comprised of first par. of section 15 of act Dec. 23, 1913. Par. 2 of section 15 and par. 3 of section 15, as added Mar. 4, 1923, ch. 252, title IV, § 406, 42 Stat. 1480, are classified to sections 392 and 393, respectively, of this title.
Amendments1968—Pub. L. 90269 struck out provision which excepted funds provided in this chapter for the redemption of Federal Reserve notes from deposit in Federal reserve banks.