§ 393. — Federal reserve banks as depositaries for Farm Credit System.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC393]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER XI--DEPOSITARIES AND FISCAL AGENTS
Sec. 393. Federal reserve banks as depositaries for Farm Credit
System
The Federal Reserve banks are authorized to act as depositaries for
and fiscal agents of any Federal land bank, Federal intermediate credit
bank, bank for cooperatives, or other institutions of the Farm Credit
System.
(Dec. 23, 1913, ch. 6, Sec. 15 (par.), as added Mar. 4, 1923, ch. 252,
title IV, Sec. 406, 42 Stat. 1480; amended Pub. L. 92-181, title V,
Sec. 5.41, formerly Sec. 5.27(b), Dec. 10, 1971, 85 Stat. 625;
renumbered Sec. 5.41(b), Pub. L. 99-205, title II, Sec. 205(a)(2), Dec.
23, 1985, 99 Stat. 1703; renumbered Sec. 5.41, Pub. L. 100-233, title
VIII, Sec. 805(ff)(2), Jan. 6, 1988, 101 Stat. 1717.)
Codification
Section is comprised of third par. of section 15 of act Dec. 23,
1913, as added Mar. 4, 1923. Pars. 1 and 2 of section 15 are classified
to sections 391 and 392, respectively, of this title.
Amendments
1971--Pub. L. 92-181 substituted ``Federal land bank, Federal
intermediate credit bank, bank for cooperatives, or other institutions
of the Farm Credit System'' for ``national agricultural credit
corporation or Federal intermediate credit bank''.
