§ 394. — Federal reserve banks as depositaries for and fiscal agents of Home Owners' Loan Corporation.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC394]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER XI--DEPOSITARIES AND FISCAL AGENTS
Sec. 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, Sec. 8, 48 Stat. 646.)
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, Sec. 21, 67
Stat. 126, see note set out under section 1463 of this title.
