Skip to content

12 U.S.C. § 391

Title 12 Chapter 3 Current through PL 119-73 Last updated: March 29, 2026 View on OLRC →
Sections in this chapter

§ 391. Federal reserve banks as Government depositaries and fiscal agents

The moneys held in the general fund of the Treasury, except the 5 per centum fund for the redemption of outstanding national-bank notes may, upon the direction of the Secretary of the Treasury, be deposited in Federal reserve banks, which banks, when required by the Secretary of the Treasury, shall act as fiscal agents of the United States; and the revenues of the Government or any part thereof may be deposited in such banks, and disbursements may be made by checks drawn against such deposits.

Change History

No history yet for this section.