Title 12 — Banks and BankingRelease 119-73not60
§200 Payment
Title 12 › Chapter 2— NATIONAL BANKS › Subchapter XIII— RECEIVERSHIP › § 200
Summary
The Comptroller of the Currency may use trust funds held by the U.S. Treasurer for the bank, up to the recommended and allowed amount and only for that purpose. Property purchases under that allowance must be paid directly by the Comptroller with the Treasury Secretary’s approval.
Full Legal Text
Title 12, §200
Banks and Banking — Source: USLM XML via OLRC
Whenever any such request shall be allowed as hereinbefore provided, the said Comptroller of the Currency shall be, and is, empowered to draw upon and from such funds of any such trust as may be deposited with the Treasurer of the United States for the benefit of the bank in interest, to the amount as may be recommended and allowed and for the purpose for which such allowance was made: Provided, however, That all payments to be made for or on account of the purchase of any such property and under any such allowance shall be made by the Comptroller of the Currency direct, with the approval of the Secretary of the Treasury, for such purpose only and in such manner as he may determine and order.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Application to District of ColumbiaProvisions of this section were made applicable to banks, etc., in the District of Columbia by act Mar. 4, 1933, ch. 274, § 4, 47 Stat. 1567.
Executive Documents
Transfer of Functions
For
Transfer of Functions
to Secretary of the Treasury, see note set out under section 55 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 200
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60