Title 22, Foreign Relations and IntercourseRelease 119-102
§290i–5 Federal Reserve Banks as Depositories
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXIV — AFRICAN DEVELOPMENT BANK › § 290i–5
Summary
If the Bank asks, a Reserve bank must hold Bank funds or act as its financial agent under Board oversight.
Full Legal Text
Title 22, §290i–5
Foreign Relations and Intercourse, Source: USLM XML via OLRC
Any Federal Reserve bank which is requested to do so by the Bank 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. § 290i–5
Title 22, Foreign Relations and Intercourse
Last Updated
Aug 21, 2026
Release point: 119-102