Title 12Banks and BankingRelease 119-73

§1826 Forms of obligations; preparation by Secretary of the Treasury

Title 12 › Chapter CHAPTER 16— - FEDERAL DEPOSIT INSURANCE CORPORATION › § 1826

Last updated Apr 6, 2026|Official source

Summary

The Treasury Secretary can make and keep on hand the note, bond, debenture, or other debt forms the Corporation needs to issue under this chapter, once the Corporation approves them. The printing plates and tools stay with the Treasury, and the Corporation must pay back the Treasury for the costs of making, storing, and delivering these items.

Full Legal Text

Title 12, §1826

Banks and Banking — Source: USLM XML via OLRC

In order that the Corporation may be supplied with such forms of notes, debentures, bonds, or other such obligations as it may need for issuance under this chapter, the Secretary of the Treasury is authorized to prepare such forms as shall be suitable and approved by the Corporation, to be held in the Treasury subject to delivery, upon order of the Corporation. The engraved plates, dies, bed pieces, and other material executed in connection therewith shall remain in the custody of the Secretary of the Treasury. The Corporation shall reimburse the Secretary of the Treasury for any expenses incurred in the preparation, custody, and delivery of such notes, debentures, bonds, or other such obligations.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

Section is derived from subsec. (q) of former section 264 of this title. See Codification note set out under section 1811 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 1826

Title 12Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73