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2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 1510 Deposit and investment of funds; Federal Reserve banks as fiscal agents us united_states_code code_section 7 AGRICULTURE 36 CROP INSURANCE 1510 7 U.S.C. § 1510 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s1510 data/legal/raw/us/code/title-07/usc07.xml 646ac21bfff237447b36f181d7f1ad82b22c58a727d0ec0641eb11dacd0f7146 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 50f9118da6239f4940778f4f4c4143fc6653677ace2d07727e0e944f52738ffc 2026-07-04 official
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7 U.S.C. § 1510 - Deposit and investment of funds; Federal Reserve banks as fiscal agents

Text

All money of the Corporation not otherwise employed may be deposited with the Treasurer of the United States or in any bank approved by the Secretary of the Treasury, subject to withdrawal by the Corporation at any time, or with the approval of the Secretary of the Treasury may be invested in obligations of the United States or in obligations guaranteed as to principal and interest by the United States. Subject to the approval of the Secretary of the Treasury, the Federal Reserve banks are hereby authorized and directed to act as depositories, custodians, and fiscal agents for the Corporation in the performance of its powers conferred by this subchapter.

(Feb. 16, 1938, ch. 30, title V, § 510, 52 Stat. 75; Pub. L. 110234, title XII, § 12033(c)(2)(B), May 22, 2008, 122 Stat. 1405; Pub. L. 110246, § 4(a), title XII, § 12033(c)(2)(B), June 18, 2008, 122 Stat. 1664, 2167.)

Notes

Editorial Notes

Codification Pub. L. 110234 and Pub. L. 110246 made identical amendments to this section. The amendments by Pub. L. 110234 were repealed by section 4(a) of Pub. L. 110246.

Amendments2008—Pub. L. 110246, § 12033(c)(2)(B), substituted “this subchapter” for “this chapter”.

Statutory Notes and Related Subsidiaries

Effective Date of 2008 AmendmentAmendment of this section and repeal of Pub. L. 110234 by Pub. L. 110246 effective May 22, 2008, the date of enactment of Pub. L. 110234, see section 4 of Pub. L. 110246, set out as an Effective Date note under section 8701 of this title.

Executive Documents

Transfer of Functions Administration of program of Federal Crop Insurance Corporation transferred to Secretary of Agriculture by 1946 Reorg. Plan No. 3, § 501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See note set out under section 1503 of this title. Wartime consolidation of Federal Crop Insurance Corporation into Agricultural Conservation and Adjustment Administration, see note set out under section 1503 of this title.