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>
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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. 95–147, § 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.