
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: 12USC395]

 
                       TITLE 12--BANKS AND BANKING
 
                    CHAPTER 3--FEDERAL RESERVE SYSTEM
 
              SUBCHAPTER XI--DEPOSITARIES AND FISCAL AGENTS
 
Sec. 395. Federal reserve banks as depositaries, custodians and 
        fiscal agents for Commodity Credit Corporation
        
    The Federal Reserve banks are authorized to act as depositaries, 
custodians, and fiscal agents for the Commodity Credit Corporation.

(July 16, 1943, ch. 241, Sec. 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, 
Sec. 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, 
Sec. 1, eff. June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set out in the 
Appendix to Title 5, Government Organization and Employees.
