Title 12, Banks and BankingRelease 119-102
§1795g Depositories, Custodians, and Fiscal Agents
Title 12 › CHAPTER 14 — FEDERAL CREDIT UNIONS › SUBCHAPTER III — CENTRAL LIQUIDITY FACILITY › § 1795g
Summary
Federal Reserve Banks may hold funds, keep assets safe, or act as financial agents for the Central Liquidity Facility when helping it carry out its powers under this subchapter. If the Board names a Federal Reserve Bank as the Facility’s fiscal agent, that bank must be paid back for all expenses it incurs while doing that work.
Full Legal Text
Title 12, §1795g
Banks and Banking, Source: USLM XML via OLRC
The Federal Reserve Banks are authorized to act as depositories, custodians and/or fiscal agents for the Central Liquidity Facility in the general performance of its powers conferred by this subchapter. Each Federal Reserve Bank when designated by the Board as fiscal agent for the Central Liquidity Facility, shall be entitled to be reimbursed for all expenses incurred as such fiscal agent.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification section 309(b)(1) of Pub. L. 96–221 redesignated subch. III as title III of act June 26, 1934, ch. 750, cited as a credit to this section.
Amendments
1980—Pub. L. 96–221, § 309(a)(4), (b)(2), substituted “Board” for “Administrator”, such change having been made previously by Pub. L. 95–630, and “title” for “subchapter”, which for purposes of codification has been editorially translated as “subchapter”, thereby requiring no further change in text. 1978—Pub. L. 95–630, § 502(b), substituted “Board” for “Administrator”.
Statutory Notes and Related Subsidiaries
Effective Date
of 1978 AmendmentAmendment effective on expiration of 120 days after Nov. 10, 1978, and transitional provisions, see section 509 of Pub. L. 95–630, set out as a note under section 1752 of this title.
Effective Date
Section effective Oct. 1, 1979, see section 1806 of Pub. L. 95–630, set out as a note under section 1795 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1795g
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102