Title 22, Foreign Relations and IntercourseRelease 119-102
§290g–5 Federal Reserve Banks as Depository for the Fund; Supervision
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXII — AFRICAN DEVELOPMENT FUND › § 290g–5
Summary
If President asks, a Fed bank must hold the Fund; the Board oversees.
Full Legal Text
Title 22, §290g–5
Foreign Relations and Intercourse, Source: USLM XML via OLRC
Any Federal Reserve bank which is requested to do so by the President shall act as a depository for the Fund, 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. § 290g–5
Title 22, Foreign Relations and Intercourse
Last Updated
Aug 21, 2026
Release point: 119-102