Title 12 — Banks and BankingRelease 119-73not60
§394 Federal Reserve Banks as Depositaries for and Fiscal Agents of Home Owners’ Loan Corporation
Title 12 › Chapter 3— FEDERAL RESERVE SYSTEM › Subchapter XI— DEPOSITARIES AND FISCAL AGENTS › § 394
Summary
Federal Reserve banks may, with the Treasury Secretary’s approval, act as depositaries, custodians, and fiscal agents for the Home Owners’ Loan Corporation.
Full Legal Text
Title 12, §394
Banks and Banking — Source: USLM XML via OLRC
The Federal Reserve banks are authorized, with the approval of the Secretary of the Treasury, to act as depositaries, custodians, and fiscal agents for the Home Owners’ Loan Corporation.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Abolition of Home Owners’ Loan Corporation For dissolution and abolishment of Home Owners’ Loan Corporation, referred to in this section, by act June 30, 1953, ch. 170, § 21, 67 Stat. 126, see note set out under section 1463 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 394
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60