12 USC 1795g – Depositories, custodians, and fiscal agents
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The Federal Reserve Banks are authorized to act as depositories, custodians and/or fiscal agents for the Central Liquidity Facility in the general performance of its powers conferred by this subchapter. Each Federal Reserve Bank when designated by the Board as fiscal agent for the Central Liquidity Facility, shall be entitled to be reimbursed for all expenses incurred as such fiscal agent.
Terms Used In 12 USC 1795g
- Board: means the National Credit Union Administration Board. See 12 USC 1752
- Facility: means the National Credit Union Central Liquidity Facility. See 12 USC 1795a