Title 12, Banks and BankingRelease 119-102
§393 Federal Reserve Banks as Depositaries for Farm Credit System
Title 12 › CHAPTER 3 — FEDERAL RESERVE SYSTEM › SUBCHAPTER XI — DEPOSITARIES AND FISCAL AGENTS › § 393
Summary
Federal Reserve banks can hold money and handle financial tasks for Federal land banks, Federal intermediate credit banks, banks for cooperatives, and other institutions in the Farm Credit System.
Full Legal Text
Title 12, §393
Banks and Banking, Source: USLM XML via OLRC
The Federal Reserve banks are authorized to act as depositaries for and fiscal agents of any Federal land bank, Federal intermediate credit bank, bank for cooperatives, or other institutions of the Farm Credit System.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section is comprised of third par. of section 15 of act Dec. 23, 1913, as added Mar. 4, 1923. Pars. 1 and 2 of section 15 are classified to section 391 and 392, respectively, of this title.
Amendments
1971—Pub. L. 92–181 substituted “Federal land bank, Federal intermediate credit bank, bank for cooperatives, or other institutions of the Farm Credit System” for “national agricultural credit corporation or Federal intermediate credit bank”.
Reference
Citations & Metadata
Citation
12 U.S.C. § 393
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102