Title 15 — Commerce and TradeRelease 119-73not60
§1849 Federal Reserve Banks as Fiscal Agents
Title 15 › Chapter 45— EMERGENCY LOAN GUARANTEES TO BUSINESS ENTERPRISES › § 1849
Summary
When the Board asks a Federal Reserve bank to serve as its fiscal agent, the bank must do so, and the Board must pay back any expenses or losses the bank has from doing that work.
Full Legal Text
Title 15, §1849
Commerce and Trade — Source: USLM XML via OLRC
Any Federal Reserve bank which is requested to do so shall act as fiscal agent for the Board. Each such fiscal agent shall be reimbursed by the Board for all expenses and losses incurred by it in acting as agent on behalf of the Board.
Reference
Citations & Metadata
Citation
15 U.S.C. § 1849
Title 15 — Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60