StacksVerified U.S. federal law reference

12 U.S.C. § 394 — Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
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.