§ 1434. — Depositaries of public money; financial agents.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1434]
TITLE 12--BANKS AND BANKING
CHAPTER 11--FEDERAL HOME LOAN BANKS
Sec. 1434. Depositaries of public money; financial agents
When designated for that purpose by the Secretary of the Treasury,
each Federal Home Loan Bank shall be a depositary of public money,
except receipts from customs, under such regulations as may be
prescribed by said Secretary; and it may also be employed as a financial
agent of the Government; and it shall perform all such reasonable duties
as depositary of public money and financial agent of the Government as
may be required of it.
(July 22, 1932, ch. 522, Sec. 14, 47 Stat. 736.)
