12 USC § 1434 - Depositaries of public money; financial agents
---
identifier: "/us/usc/t12/s1434"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 1434 - Depositaries of public money; financial agents"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "1434"
section_name: "Depositaries of public money; financial agents"
chapter_number: 11
chapter_name: "FEDERAL HOME LOAN BANKS"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(July 22, 1932, ch. 522, § 14, 47 Stat. 736.)"
---
# § 1434. Depositaries of public money; financial agents
When designated for that purpose by the Secretary of the Treasury, each Federal Home Loan Bank shall be a depositary of public money, except receipts from customs, under such regulations as may be prescribed by said Secretary; and it may also be employed as a financial agent of the Government; and it shall perform all such reasonable duties as depositary of public money and financial agent of the Government as may be required of it.
---
**Source Credit**: (July 22, 1932, ch. 522, § 14, 47 Stat. 736.)