Title 12 — Banks and BankingRelease 119-73not60
§1438a Nonadministrative Expenses; Expenses of Studies and Investigations
Title 12 › Chapter 11— FEDERAL HOME LOAN BANKS › § 1438a
Summary
After July 12, 1960, the Board's costs for studies and investigations ordered by law or Congress, including section 3109 work, must be nonadministrative.
Full Legal Text
Title 12, §1438a
Banks and Banking — Source: USLM XML via OLRC
On and after July 12, 1960, expenses of the Board in making studies or investigations specifically directed by law, or requested by the Congress or either House thereof or by a committee of either House, including services authorized by section 3109 of title 5, shall be considered as nonadministrative expenses.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification “Section 3109 of title 5” substituted in text for “section 15 of the Act of August 2, 1946 (5 U.S.C. 55a)” on authority of section 7(b) of Pub. L. 89–554, Sept. 6, 1966, 80 Stat. 631, section 1 of which enacted Title 5, Government Organization and Employees.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1438a
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60