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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. § 395 Federal reserve banks as depositaries, custodians and fiscal agents for Commodity Credit Corporation us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 395 12 U.S.C. § 395 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/s395 data/legal/raw/us/code/title-12/usc12.xml f8325d126948d72318ee364c373fec40430e413c35680f1dbbf2c6f738dbedb9 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa bfcb3697a8a2f09e70db441351a20895469d51793254289370b0cad89c1021ff 2026-07-04 official
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12 U.S.C. § 395 - Federal reserve banks as depositaries, custodians and fiscal agents for Commodity Credit Corporation

Text

The Federal Reserve banks are authorized to act as depositaries, custodians, and fiscal agents for the Commodity Credit Corporation.

(July 16, 1943, ch. 241, § 3, 57 Stat. 566.)

Notes

Executive Documents

Transfer of Functions Administration of program of Commodity Credit Corporation transferred to Secretary of Agriculture by Reorg. Plan No. 3 of 1946, § 501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See Appendix to Title 5, Government Organization and Employees.

Exceptions From Transfer of Functions Functions of Corporations of Department of Agriculture, boards of directors and officers of such corporations, Advisory Board of Commodity Credit Corporation, and Farm Credit Administration or any agency, officer or entity of, under, or subject to supervision of Administration were excepted from functions of officers, agencies, and employees transferred to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, § 1, eff. June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the Appendix to Title 5, Government Organization and Employees.