Title 22, Foreign Relations and IntercourseRelease 119-102
§290o–3 Federal Reserve Banks as Depositories
Title 22 › CHAPTER 7 — INTERNATIONAL BUREAUS, CONGRESSES, ETC. › SUBCHAPTER XXX — MIDDLE EAST DEVELOPMENT BANK › § 290o–3
Summary
Federal Reserve Banks may hold funds or serve as fiscal agents when asked; the Board oversees.
Full Legal Text
Title 22, §290o–3
Foreign Relations and Intercourse, Source: USLM XML via OLRC
Any Federal Reserve Bank which is requested to do so by the Bank may act as its depository, or as its fiscal agent, and the Board of Governors of the Federal Reserve System shall exercise general supervision over the carrying out of these functions.
Reference
Citations & Metadata
Citation
22 U.S.C. § 290o–3
Title 22, Foreign Relations and Intercourse
Last Updated
Aug 21, 2026
Release point: 119-102