2 USC § 158 - Deposits by Library of Congress Trust Fund Board with Treasurer of United States

---
identifier: "/us/usc/t2/s158"
source: "usc"
legal_status: "official_prima_facie"
title: "2 USC § 158 - Deposits by Library of Congress Trust Fund Board with Treasurer of United States"
title_number: 2
title_name: "THE CONGRESS"
section_number: "158"
section_name: "Deposits by Library of Congress Trust Fund Board with Treasurer of United States"
chapter_number: 5
chapter_name: "LIBRARY OF CONGRESS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Mar. 3, 1925, ch. 423, § 2, formerly § 1, 43 Stat. 1107; renumbered § 2, Apr. 13, 1936, ch. 213, 49 Stat. 1205; amended June 23, 1936, ch. 734, 49 Stat. 1894; Pub. L. 87–522, July 3, 1962, 76 Stat. 135; Pub. L. 94–289, May 22, 1976, 90 Stat. 521.)"
---


# § 158. Deposits by Library of Congress Trust Fund Board with Treasurer of United States

*Provided, however*

In the absence of any specification to the contrary, the board may deposit the principal sum, in cash, with the Treasurer of the United States as a permanent loan to the United States Treasury, and the Treasurer shall thereafter credit such deposit with interest at a rate which is the higher of the rate of 4 per centum per annum or a rate which is 0.25 percentage points less than a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding long-term marketable obligations of the United States, adjusted to the nearest one-eighth of 1 per centum, payable semi-annually, such interest, as income, being subject to disbursement by the Librarian of Congress for the purposes specified: , That the total of such principal sums at any time so held by the Treasurer under this authorization shall not exceed the sum of $10,000,000.

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**Source Credit**: (Mar. 3, 1925, ch. 423, § 2, formerly § 1, 43 Stat. 1107; renumbered § 2, Apr. 13, 1936, ch. 213, 49 Stat. 1205; amended June 23, 1936, ch. 734, 49 Stat. 1894; Pub. L. 87–522, July 3, 1962, 76 Stat. 135; Pub. L. 94–289, May 22, 1976, 90 Stat. 521.)

## Editorial Notes

### Codification

Section is comprised of third par. of section 2 of act . First, second, and fourth pars. of section 2 are classified to sections 156, 157, and 158a of this title, respectively.

### Amendments

1976— substituted “a rate which is the higher of the rate of 4 per centum per annum or a rate which is 0.25 percentage points less than a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding long-term marketable obligations of the United States, adjusted to the nearest one-eighth of 1 per centum” for “the rate of 4 per centum per annum”.

1962— increased the total amount of deposits which can be held by the Treasurer from $5,000,000 to $10,000,000.

1936—Act , substituted “in the absence of any specification to the contrary” for “Should any gift or bequest so provide”.