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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 31 U.S.C. § 3303 Designation of depositaries us united_states_code code_section 31 MONEY AND FINANCE 33 DEPOSITING, KEEPING, AND PAYING MONEY 3303 31 U.S.C. § 3303 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc31@119-100.zip /us/usc/t31/s3303 data/legal/raw/us/code/title-31/usc31.xml 25d3d0f6d22ba535ccefe18e374d1e8d4a233566d67acde26cb327d9b80a6fc7 94d3fba324cbbc12277242f872f8f47cff5250dbcdc0057fe857212764e4b704 5c8bcfd57574147f96606df49f628307893fb8491ae55c16567cb1c76681cd4b 2026-07-04 official
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31 U.S.C. § 3303 - Designation of depositaries

Text

(a) The Secretary of the Treasury designates depositaries of money as provided in this section and under other law.

(b) When necessary to carry out the business of the United States Government and under conditions the Secretary decides are necessary, the Secretary may designate depositaries in foreign countries and in territories and possessions of the United States to receive deposits of public money. The Secretary shall give preference to United States financial institutions the Secretary decides are safe and able to give the service required.

(Pub. L. 97258, Sept. 13, 1982, 96 Stat. 949.)

Notes

Historical and Revision Notes Revised SectionSource (U.S. Code)Source (Statutes at Large) 3303(a)(no source). 3303(b)31:473.June 19, 1922, ch. 228, 42 Stat. 662. Subsection (a) is added to inform the reader that there are numerous other laws providing for the designation of depositaries. These other laws are scattered throughout the titles of the United States Code. In subsection (b), the words “carry out” are substituted for “transaction” for consistency. The words “terms and . . . as to security and otherwise” and “of public moneys” are omitted as surplus. The words “territories and possessions of the United States” are substituted for “Territories and insular possessions of the United States” for consistency. The words “to receive deposits of public money” are added for clarity.