Federal · Title 12 — Banks and Banking
12 U.S.C. § 392: Depositaries of Government funds as confined to banks in Federal reserve system; member banks as depositaries
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No public funds of the postal savings, or any Government funds, shall be deposited in the continental United States in any bank not belonging to the system established by this chapter: Provided, however , That nothing in this chapter shall be construed to deny the right of the Secretary of the Treasury to use member banks as depositaries.
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