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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. § 394 Federal reserve banks as depositaries for and fiscal agents of Home Owners Loan Corporation us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 394 12 U.S.C. § 394 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/s394 data/legal/raw/us/code/title-12/usc12.xml 3ea463ac9498079c6b8c16def74489b61a984ed443f6fc8ef71c4090d2abd287 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa d646caa97f390398b160d942eb53b05a316c49be0e27dee70621a6b33660d945 2026-07-04 official
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12 U.S.C. § 394 - Federal reserve banks as depositaries for and fiscal agents of Home Owners Loan Corporation

Text

The Federal Reserve banks are authorized, with the approval of the Secretary of the Treasury, to act as depositaries, custodians, and fiscal agents for the Home Owners Loan Corporation.

(Apr. 27, 1934, ch. 168, § 8, 48 Stat. 646.)

Notes

Statutory Notes and Related Subsidiaries

Abolition of Home Owners Loan Corporation For dissolution and abolishment of Home Owners Loan Corporation, referred to in this section, by act June 30, 1953, ch. 170, § 21, 67 Stat. 126, see note set out under section 1463 of this title.