
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 31USC3303]

 
                       TITLE 31--MONEY AND FINANCE
 
                   SUBTITLE III--FINANCIAL MANAGEMENT
 
            CHAPTER 33--DEPOSITING, KEEPING, AND PAYING MONEY
 
                 SUBCHAPTER I--DEPOSITS AND DEPOSITARIES
 
Sec. 3303. Designation of depositaries

    (a) The Secretary of the Treasury designates depositaries of money 
as provided in this section and under other law.
    (b) When necessary to carry out the business of the United States 
Government and under conditions the Secretary decides are necessary, the 
Secretary may designate depositaries in foreign countries and in 
territories and possessions of the United States to receive deposits of 
public money. The Secretary shall give preference to United States 
financial institutions the Secretary decides are safe and able to give 
the service required.

(Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 949.)

                                          Historical and Revision Notes
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           Revised Section                   Source (U.S. Code)                
Source (Statutes at Large)
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3303(a)..............................  (no source).
3303(b)..............................  31:473.                         June 19,
 1922, ch. 228, 42 Stat. 662.
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    Subsection (a) is added to inform the reader that there are numerous 
other laws providing for the designation of depositaries. These other 
laws are scattered throughout the titles of the United States Code.
    In subsection (b), the words ``carry out'' are substituted for 
``transaction'' for consistency. The words ``terms and . . . as to 
security and otherwise'' and ``of public moneys'' are omitted as 
surplus. The words ``territories and possessions of the United States'' 
are substituted for ``Territories and insular possessions of the United 
States'' for consistency. The words ``to receive deposits of public 
money'' are added for clarity.
