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31 U.S.C. § 3122 — Banks and trust companies as depositaries

Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 3122 — Banks and trust companies as depositaries

**(a)** The Secretary of the Treasury may designate incorporated banks and trust companies as depositaries for any part of proceeds of an obligation issued under this chapter. The Secretary may prescribe the conditions under which deposits may be made under this section, including the interest rate on amounts deposited and security requirements. **(b)** The Secretary may designate a bank or trust company that is a depositary under subsection (a) of this section as a fiscal agent of the United States Government in selling and delivering bonds and certificates of indebtedness issued by the Government.

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Source file: Laws/federal/codes/united-states-code/title-31/section-3122-banks-and-trust-companies-as-depositaries--c6bf141536.md
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Source location: Title 31, Chapter 31, § 3122; chapter-031-public-debt.md

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 771 — Definitions

In this subchapter— (1) “dependent child” means an unmarried dependent child (including a stepchild or adopted child) who is— (A) under 18 years of age; (B) incapable of self-support because of physical or mental disability; or (C) between 18 and 22 years of age and is a student regularly pursuing a full-time course of study or training in residence in a high school, trade school, technical or vocational institute, junior college, college, university, or comparable recognized educational institution. For the purposes of this subchapter, a child whose 22nd birthday occurs before July 1 or after August 31 of a calendar year, and while such child is regularly pursuing such a course of study or training, is deemed to have become 22 years of age on the first day of July after that birthday. A child who is a student is deemed not to have ceased to be a student during an interim period between school years if the interim period is not more than 5 months and if such child shows to the satisfaction of the General Counsel of the Government Accountability Office that such child has a bona fide intention of continuing in the same or a different school during the school semester (or other period into which the school year is divided) immediately after the interim period. (2) “surviving spouse” means a surviving spouse of an individual who was a Comptroller General or retired Comptroller General and the spouse— (A) was married to the individual for at least 1 year immediately before the individual died; or (B) has not remarried before age 55 and is the parent of issue by the marriage. (3) service as a Comptroller General equals the number of years and complete months an individual is Comptroller General.

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Federal law — U.S. Code and appendices · legal_authorities

31 U.S.C. § 3122 — Banks and trust companies as deposi-

Page 228 TITLE 31—MONEY AND FINANCE § 3122 ‘‘(ii) an officer or employee of the Department of the Treasury. ‘‘(B) APPLICABLE PERIOD OF PROHIBITION.—The pro- hibition contained in subparagraph (A) on discus- sions and disclosures of any discussion, debate, or recommendation at a meeting of the advisory com- mittee shall cease to apply— ‘‘(i) with respect to any discussion, debate, or recommendation which relates to the securities to be auctioned in a midquarter refunding by the Secretary of the Treasury, at the time the Sec- retary makes a public announcement of the re- funding; and ‘‘(ii) with respect to any other discussion, de- bate, or recommendation at the meeting, at the time the Secretary releases the minutes of the meeting in accordance with paragraph (2). ‘‘(C) REMOVAL FROM ADVISORY COMMITTEE FOR VIO- LATIONS OF THIS PARAGRAPH.—In addition to any penalty or enforcement action to which a person who violates a provision of this paragraph may be subject under any other provision of law, the Sec- retary of the Treasury shall— ‘‘(i) remove a member of the advisory com- mittee who violates a provision of this paragraph from the advisory committee and permanently bar such person from serving as a member of the advisory committee; and ‘‘(ii) prohibit any director, officer, or employee of the firm of which the member referred to in clause (i) is a director, officer, or employee (at the time the member is removed from the advi- sory committee) from serving as a member of the advisory committee at any time during the 5-year period beginning on the date of such removal. ‘‘(d) REPORT TO CONGRESS.— ‘‘(1) REPORT REQUIRED.—The Secretary of the Treas- ury shall submit an annual report to the Congress containing the following information with respect to m

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