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§ 394. Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation

Type Statute
Publication 2025-12-03
State In force
Department United States Congress
Source OLRC
Reform history JSON API
§ 394. Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation

The Federal Reserve banks are authorized, with the approval of the Secretary of the Treasury, to act as depositaries, custodians, and fiscal agents for the Home Owners’ Loan Corporation.

(Apr. 27, 1934, ch. 168, § 8, 48 Stat. 646.)

Statutory Notes and Related Subsidiaries

Abolition of Home Owners’ Loan Corporation

For dissolution and abolishment of Home Owners’ Loan Corporation, referred to in this section, by act June 30, 1953, ch. 170, § 21, 67 Stat. 126, see note set out under section 1463 of this title.

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