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Title 7, AgricultureRelease 119-102

§1510 Deposit and Investment of Funds; Federal Reserve Banks as Fiscal Agents

Title 7 › CHAPTER 36 — CROP INSURANCE › SUBCHAPTER I — FEDERAL CROP INSURANCE › § 1510

Last updated Aug 21, 2026|Official source

Summary

Lets the Corporation keep unused money with the Treasurer or banks approved by the Treasury Secretary, withdraw it anytime, and—with the Secretary’s approval—invest in U.S. obligations and use Federal Reserve banks as its agents.

Full Legal Text

Title 7, §1510

Agriculture, Source: USLM XML via OLRC

All money of the Corporation not otherwise employed may be deposited with the Treasurer of the United States or in any bank approved by the Secretary of the Treasury, subject to withdrawal by the Corporation at any time, or with the approval of the Secretary of the Treasury may be invested in obligations of the United States or in obligations guaranteed as to principal and interest by the United States. Subject to the approval of the Secretary of the Treasury, the Federal Reserve banks are hereby authorized and directed to act as depositories, custodians, and fiscal agents for the Corporation in the performance of its powers conferred by this subchapter.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Pub. L. 110–234 and Pub. L. 110–246 made identical

Amendments

to this section. The

Amendments

by Pub. L. 110–234 were repealed by section 4(a) of Pub. L. 110–246.

Amendments

2008—Pub. L. 110–246, § 12033(c)(2)(B), substituted “this subchapter” for “this chapter”.

Statutory Notes and Related Subsidiaries

Effective Date

of 2008 AmendmentAmendment of this section and repeal of Pub. L. 110–234 by Pub. L. 110–246 effective May 22, 2008, the date of enactment of Pub. L. 110–234, see section 4 of Pub. L. 110–246, set out as an

Effective Date

note under section 8701 of this title.

Executive Documents

Transfer of Functions

Administration of program of Federal Crop Insurance Corporation transferred to Secretary of Agriculture by 1946 Reorg. Plan No. 3, § 501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See note set out under section 1503 of this title. Wartime consolidation of Federal Crop Insurance Corporation into Agricultural Conservation and Adjustment Administration, see note set out under section 1503 of this title.

Reference

Citations & Metadata

Citation

7 U.S.C. § 1510

Title 7, Agriculture

Last Updated

Aug 21, 2026

Release point: 119-102