
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC266]

 
                       TITLE 12--BANKS AND BANKING
 
                    CHAPTER 3--FEDERAL RESERVE SYSTEM
 
           SUBCHAPTER V--FEDERAL DEPOSIT INSURANCE CORPORATION
 
Sec. 266. State-chartered banks and other institutions as 
        depositaries of public money; fiscal agents; duties
        
    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, Sec. 2(d), Oct. 28, 1977, 91 Stat. 1228.)

                          Codification

    Section was not enacted as part of the Federal Reserve Act, which 
comprises this chapter.
