12 USC 394 – Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation
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The Federal Reserve banks are authorized, with the approval of the Secretary of the Treasury, to act as depositaries, custodians, and fiscal agents for the Home Owners’ Loan Corporation.
Terms Used In 12 USC 394
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.