Title 12 — Banks and BankingRelease 119-73not60
§1434 Depositaries of Public Money; Financial Agents
Title 12 › Chapter 11— FEDERAL HOME LOAN BANKS › § 1434
Summary
If the Treasury Secretary names a Federal Home Loan Bank, it must hold public money (except customs receipts) under Treasury rules, serve as a financial agent, and perform required duties.
Full Legal Text
Title 12, §1434
Banks and Banking — Source: USLM XML via OLRC
When designated for that purpose by the Secretary of the Treasury, each Federal Home Loan Bank shall be a depositary of public money, except receipts from customs, under such regulations as may be prescribed by said Secretary; and it may also be employed as a financial agent of the Government; and it shall perform all such reasonable duties as depositary of public money and financial agent of the Government as may be required of it.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1434
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60