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.
June 26, 1934, ch. 750Pub. L. 95–630, title V, § 502(b)92 Stat. 3681Pub. L. 96–221, title III, § 309(a)(4)94 Stat. 149(, title III, formerly subch. III, § 308, as added and amended , title XVIII, § 1802, , , 3723; , (b)(1), (2), , .)
Editorial Notes
Codification
Section 309(b)(1) of Pub. L. 96–221act June 26, 1934, ch. 750 redesignated subch. III as title III of , cited as a credit to this section.
Amendments
Pub. L. 96–221, § 309(a)(4)Pub. L. 95–6301980—, (b)(2), substituted “Board” for “Administrator”, such change having been made previously by , and “title” for “subchapter”, which for purposes of codification has been editorially translated as “subchapter”, thereby requiring no further change in text.
Pub. L. 95–630, § 502(b)1978—, substituted “Board” for “Administrator”.
Statutory Notes and Related Subsidiaries
Effective Date of 1978 Amendment
section 509 of Pub. L. 95–630section 1752 of this titleAmendment effective on expiration of 120 days after , and transitional provisions, see , set out as a note under .
Effective Date
section 1806 of Pub. L. 95–630section 1795 of this titleSection effective , see , set out as a note under .