12-U.S.C.-266
§266 – State-Chartered Banks and Other Institutions As Depositaries of Public Money; Fiscal Agents; Duties
Pathway
Title 12 > Chapter 3 > Subchapter V > Section 266
Details
- Reference: Section 266
- Legend: §266 – State-Chartered Banks and Other Institutions As Depositaries of Public Money; Fiscal Agents; Duties
- USCode Year: 2013
Provision Content
Banks, savings banks, and savings and loan, building and loan, homestead associations (including cooperative banks), and credit unions created under the laws of any State and the deposits or accounts of which are insured by a State or agency thereof or corporation chartered pursuant to the laws of any State may be depositaries of public money and may be employed as fiscal agents of the United States. The Secretary of the Treasury is authorized to deposit public money in any such institution, and shall prescribe such regulations as may be necessary to enable such institutions to become depositaries of public money and fiscal agents of the United States. Each such institution shall perform all such reasonable duties as depositary of public money and fiscal agent of the United States as may be required of it including services in connection with the collection of taxes and other obligations owed the United States.
(Pub. L. 95–147, §2(d), Oct. 28, 1977, 91 Stat. 1228.)
Codification
Section was not enacted as part of the Federal Reserve Act, which comprises this chapter.
U.S. Encyclopedia of Law Coverage
12-U.S.C.-348 in the Legal Encyclopedia: Banking Law
In this entry about 12-U.S.C.-348, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.
12-U.S.C.-264 in the Legal Encyclopedia: Federal Reserve System
In this entry about 12-U.S.C.-264, find legal reference material, bibliographies and premiere content related to federal reserve system in the American Encyclopedia of Law, presenting a comprehensive view of the United States federal reserve system-specific issues, written by authorities in the field.
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