Title 22, Foreign Relations and IntercourseRelease 119-102
§282d Federal Reserve Banks as Depositories
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XI — INTERNATIONAL FINANCE CORPORATION › § 282d
Summary
If the Corporation asks, a Federal Reserve bank must serve as its depository (hold its money) or as its fiscal agent (handle its financial work). The Board of Governors of the Federal Reserve System must oversee and direct how the Reserve banks carry out those duties.
Full Legal Text
Title 22, §282d
Foreign Relations and Intercourse, Source: USLM XML via OLRC
Any Federal Reserve bank which is requested to do so by the Corporation shall act as its depository or as its fiscal agent, and the Board of Governors of the Federal Reserve System shall supervise and direct the carrying out of these functions by the Federal Reserve banks.
Reference
Citations & Metadata
Citation
22 U.S.C. § 282d
Title 22, Foreign Relations and Intercourse
Last Updated
Aug 21, 2026
Release point: 119-102