12 USC § 394 - Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation

---
identifier: "/us/usc/t12/s394"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 394 - Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "394"
section_name: "Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation"
chapter_number: 3
chapter_name: "FEDERAL RESERVE SYSTEM"
subchapter_number: "XI"
subchapter_name: "DEPOSITARIES AND FISCAL AGENTS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Apr. 27, 1934, ch. 168, § 8, 48 Stat. 646.)"
---


# § 394. Federal reserve banks as depositaries for and fiscal agents of Home Owners’ Loan Corporation

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.

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**Source Credit**: (Apr. 27, 1934, ch. 168, § 8, 48 Stat. 646.)

## Statutory Notes and Related Subsidiaries

### Abolition of Home Owners’ Loan Corporation

For dissolution and abolishment of Home Owners’ Loan Corporation, referred to in this section, by , , see note set out under .