§394. Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation
As of today
12 U.S.C. § 394
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.
Notes, amendments, and revision history
(Apr. 27, 1934, ch. 168, § 8, 48 Stat. 646.)
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.