7 USC § 1510 - Deposit and investment of funds; Federal Reserve banks as fiscal agents

---
identifier: "/us/usc/t7/s1510"
source: "usc"
legal_status: "official_prima_facie"
title: "7 USC § 1510 - Deposit and investment of funds; Federal Reserve banks as fiscal agents"
title_number: 7
title_name: "AGRICULTURE"
section_number: "1510"
section_name: "Deposit and investment of funds; Federal Reserve banks as fiscal agents"
chapter_number: 36
chapter_name: "CROP INSURANCE"
subchapter_number: "I"
subchapter_name: "FEDERAL CROP INSURANCE"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Feb. 16, 1938, ch. 30, title V, § 510, 52 Stat. 75; Pub. L. 110–234, title XII, § 12033(c)(2)(B), May 22, 2008, 122 Stat. 1405; Pub. L. 110–246, § 4(a), title XII, § 12033(c)(2)(B), June 18, 2008, 122 Stat. 1664, 2167.)"
---


# § 1510. Deposit and investment of funds; Federal Reserve banks as fiscal agents

All money of the Corporation not otherwise employed may be deposited with the Treasurer of the United States or in any bank approved by the Secretary of the Treasury, subject to withdrawal by the Corporation at any time, or with the approval of the Secretary of the Treasury may be invested in obligations of the United States or in obligations guaranteed as to principal and interest by the United States. Subject to the approval of the Secretary of the Treasury, the Federal Reserve banks are hereby authorized and directed to act as depositories, custodians, and fiscal agents for the Corporation in the performance of its powers conferred by this subchapter.

---

**Source Credit**: (Feb. 16, 1938, ch. 30, title V, § 510, 52 Stat. 75; Pub. L. 110–234, title XII, § 12033(c)(2)(B), May 22, 2008, 122 Stat. 1405; Pub. L. 110–246, § 4(a), title XII, § 12033(c)(2)(B), June 18, 2008, 122 Stat. 1664, 2167.)

## Editorial Notes

### Codification

and  made identical amendments to this section. The amendments by  were repealed by .

### Amendments

2008—, substituted “this subchapter” for “this chapter”.

## Statutory Notes and Related Subsidiaries

### Effective Date of 2008 Amendment

Amendment of this section and repeal of  by  effective , the date of enactment of , see , set out as an Effective Date note under .

## Executive Documents

### Transfer of Functions

Administration of program of Federal Crop Insurance Corporation transferred to Secretary of Agriculture by 1946 Reorg. Plan No. 3, § 501, eff. , 11 F.R. 7877, . See note set out under .

Wartime consolidation of Federal Crop Insurance Corporation into Agricultural Conservation and Adjustment Administration, see note set out under .