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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. § 393 Federal reserve banks as depositaries for Farm Credit System us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 393 12 U.S.C. § 393 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/s393 data/legal/raw/us/code/title-12/usc12.xml e765f8ce80b3731b13f38809f570b61d71f020e52ddbcaa599396bc8a56d5198 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 6d6641eb90314741c016bf1d0fb6c00bafe799d140ecc6acd76b9cc8eddf490e 2026-07-04 official
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12 U.S.C. § 393 - Federal reserve banks as depositaries for Farm Credit System

Text

The Federal Reserve banks are authorized to act as depositaries for and fiscal agents of any Federal land bank, Federal intermediate credit bank, bank for cooperatives, or other institutions of the Farm Credit System.

(Dec. 23, 1913, ch. 6, § 15 (par.), as added Mar. 4, 1923, ch. 252, title IV, § 406, 42 Stat. 1480; amended Pub. L. 92181, title V, § 5.41, formerly § 5.27(b), Dec. 10, 1971, 85 Stat. 625; renumbered § 5.41(b), Pub. L. 99205, title II, § 205(a)(2), Dec. 23, 1985, 99 Stat. 1703; renumbered § 5.41, Pub. L. 100233, title VIII, § 805(ff)(2), Jan. 6, 1988, 101 Stat. 1717.)

Notes

Editorial Notes

Codification Section is comprised of third par. of section 15 of act Dec. 23, 1913, as added Mar. 4, 1923. Pars. 1 and 2 of section 15 are classified to sections 391 and 392, respectively, of this title.

Amendments1971—Pub. L. 92181 substituted “Federal land bank, Federal intermediate credit bank, bank for cooperatives, or other institutions of the Farm Credit System” for “national agricultural credit corporation or Federal intermediate credit bank”.