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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 | 15 U.S.C. § 635 | Deposit of moneys; depositaries, custodians, and fiscal agents; contributions to employees’ compensation funds | us | united_states_code | code_section | 15 | COMMERCE AND TRADE | 14A | AID TO SMALL BUSINESS | 635 | 15 U.S.C. § 635 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip | /us/usc/t15/s635 | data/legal/raw/us/code/title-15/usc15.xml | c253c987d63db38b27af8d788b0b56bd5c2867dc829d5b7ec44dc2f37738219e | 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 | 2b81459a1578a399440ad58416d3ed60f15d1c476cb2834d6337d8b7107d7854 | 2026-07-04 | official |
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15 U.S.C. § 635 - Deposit of moneys; depositaries, custodians, and fiscal agents; contributions to employees’ compensation funds
Text
(a) All moneys of the Administration not otherwise employed may be deposited with the Treasury of the United States subject to check by authority of the Administration. The Federal Reserve banks are authorized and directed to act as depositaries, custodians, and fiscal agents for the Administration in the general performance of its powers conferred by this chapter. Any banks insured by the Federal Deposit Insurance Corporation, when designated by the Secretary of the Treasury, shall act as custodians and financial agents for the Administration. Each Federal Reserve bank, when designated by the Administrator as fiscal agent for the Administration, shall be entitled to be reimbursed for all expenses incurred as such fiscal agent.
(b) The Administrator shall contribute to the employees’ compensation fund, on the basis of annual billings as determined by the Secretary of Labor, for the benefit payments made from such fund on account of employees engaged in carrying out functions financed by the revolving fund established by section 633(c) of this title. The annual billings shall also include a statement of the fair portion of the cost of the administration of such fund, which shall be paid by the Administrator into the Treasury as miscellaneous receipts.
(Pub. L. 85–536, § 2[6], July 18, 1958, 72 Stat. 387.)
Notes
Editorial Notes
Prior ProvisionsPrior similar provisions were contained in section 206 of act July 30, 1953, ch. 282, title II, 67 Stat. 235, which was previously classified to this section. See Codification note set out under section 631 of this title.