Title 12Banks and BankingRelease 119-73

§395 Federal reserve banks as depositaries, custodians and fiscal agents for Commodity Credit Corporation

Title 12 › Chapter CHAPTER 3— - FEDERAL RESERVE SYSTEM › Subchapter SUBCHAPTER XI— - DEPOSITARIES AND FISCAL AGENTS › § 395

Last updated Apr 6, 2026|Official source

Full Legal Text

Title 12, §395

Banks and Banking — Source: USLM XML via OLRC

The Federal Reserve banks are authorized to act as depositaries, custodians, and fiscal agents for the Commodity Credit Corporation.

Legislative History

Notes & Related Subsidiaries

Executive Documents

Transfer of Functions

Administration of program of Commodity Credit Corporation transferred to Secretary of Agriculture by Reorg. Plan No. 3 of 1946, § 501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See Appendix to Title 5, Government Organization and Employees. Exceptions From

Transfer of Functions

Functions of Corporations of Department of Agriculture, boards of directors and officers of such corporations, Advisory Board of Commodity Credit Corporation, and Farm Credit Administration or any agency, officer or entity of, under, or subject to supervision of Administration were excepted from functions of officers, agencies, and employees transferred to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, § 1, eff. June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the Appendix to Title 5, Government Organization and Employees.

Reference

Citations & Metadata

Citation

12 U.S.C. § 395

Title 12Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73