12-U.S.C.-395

§395 – Federal Reserve Banks As Depositaries, Custodians and Fiscal Agents For Commodity Credit Corporation

Pathway

Title 12 > Chapter 3 > Subchapter XI > Section 395

Details

• Reference: Section 395
• Legend: §395 – Federal Reserve Banks As Depositaries, Custodians and Fiscal Agents For Commodity Credit Corporation
• USCode Year: 2013

Provision Content

The Federal Reserve banks are authorized to act as depositaries, custodians, and fiscal agents for the Commodity Credit Corporation.

(July 16, 1943, ch. 241, §3, 57 Stat. 566.)

Transfer of Functions

Administration of program of Commodity Credit Corporation transferred to Secretary of Agriculture by Reorg. Plan No. 3 of 1946, §501, eff. July 16, 1946, 11 F.R. 7877, 60 Stat. 1100. See Appendix to Title 5, Government Organization and Employees.

Exceptions From Transfer of Functions

Functions of Corporations of Department of Agriculture, boards of directors and officers of such corporations, Advisory Board of Commodity Credit Corporation, and Farm Credit Administration or any agency, officer or entity of, under, or subject to supervision of Administration were excepted from functions of officers, agencies, and employees transferred to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, §1, eff. June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the Appendix to Title 5, Government Organization and Employees.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-373 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-373, 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.-371B-1 in the Legal Encyclopedia: Federal Reserve System

In this entry about 12-U.S.C.-371B-1, 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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