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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 266 State-chartered banks and other institutions as depositaries of public money; fiscal agents; duties us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 266 12 U.S.C. § 266 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s266 data/legal/raw/us/code/title-12/usc12.xml ed48f754859f23157de4edecf1e2182cd07ff2ae93697a1f0972617c9cf8334a e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 1b305214a03fa76d5923e5ecf7fca40e84136d0ed7c26f7a1d71d28a717cc3ea 2026-07-04 official
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12 U.S.C. § 266 - State-chartered banks and other institutions as depositaries of public money; fiscal agents; duties

Text

Banks, savings banks, and savings and loan, building and loan, homestead associations (including cooperative banks), and credit unions created under the laws of any State and the deposits or accounts of which are insured by a State or agency thereof or corporation chartered pursuant to the laws of any State may be depositaries of public money and may be employed as fiscal agents of the United States. The Secretary of the Treasury is authorized to deposit public money in any such institution, and shall prescribe such regulations as may be necessary to enable such institutions to become depositaries of public money and fiscal agents of the United States. Each such institution shall perform all such reasonable duties as depositary 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.

(Pub. L. 95147, § 2(d), Oct. 28, 1977, 91 Stat. 1228.)

Notes

Editorial Notes

Codification Section was not enacted as part of the Federal Reserve Act, which comprises this chapter.