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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. § 1434 Depositaries of public money; financial agents us united_states_code code_section 12 BANKS AND BANKING 11 FEDERAL HOME LOAN BANKS 1434 12 U.S.C. § 1434 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/s1434 data/legal/raw/us/code/title-12/usc12.xml ba570e2cbd9091744a69b2e334e6eea18e9d1c1afe8c5f25087f987266b01ccc e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 01a7bd67d851ec3782bff6f8e67acf3169cc1779eee07dc51801c900b51e87b3 2026-07-04 official
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12 U.S.C. § 1434 - Depositaries of public money; financial agents

Text

When designated for that purpose by the Secretary of the Treasury, each Federal Home Loan Bank shall be a depositary of public money, except receipts from customs, under such regulations as may be prescribed by said Secretary; and it may also be employed as a financial agent of the Government; and it shall perform all such reasonable duties as depositary of public money and financial agent of the Government as may be required of it.

(July 22, 1932, ch. 522, § 14, 47 Stat. 736.)