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12 U.S.C. § 248c — Master account and services database

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

12 U.S.C. § 248c — Master account and services database

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Stable record: federal_law:legal_authorities:record_usc_a0b6865a97d074665de1babb
Source file: Laws/federal/codes/united-states-code/title-12/section-248c-master-account-and-services-database--6220701b27.md
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Source location: Title 12, Chapter 3, § 248c; chapter-003-federal-reserve-system.md

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**(a) Definitions** In this section: (1) **Access request** — The term “access request” means a request to a Federal reserve bank for access to a reserve bank master account and services, including any written documentation or formal indication that an entity intends to seek access to a reserve bank master account and services. (2) **Official accountholder** — The term “official accountholder” means— (A) a foreign state, as defined in [section 632 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section632&num=0&edition=prelim); (B) a central bank, as defined in [section 632 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section632&num=0&edition=prelim), other than a commercial bank; (C) a public international organization entitled to enjoy privileges, exemptions, and immunities as an international organization under the International Organizations Immunities Act ([22 U.S.C. 288](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section288&num=0&edition=prelim) et seq.); and (D) any governmental entity for which the Secretary of the Treasury has directed a Federal reserve bank to receive deposits as fiscal agent of the United States under [section 391 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section391&num=0&edition=prelim). (3) **Reserve bank master account and services** — The term “reserve bank master account and services” means an account in which a Federal reserve bank— (A) receives deposits for an entity other than an official accountholder; or (B) provides any service under [section 248a(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section248a/b&num=0&edition=prelim) to an entity other than an official accountholder. **(b) Publishing master account and access information** (1) **Online database** — The Board shall create and maintain a public, online, and searchable database that contains— (A) a list of every entity that currently has access to a reserve bank master account and services, including the date on which the access was granted to the extent the date is knowable; (B) a list of every entity that submits an access request for a reserve bank master account and services after enactment of this section (or that has submitted an access request that is pending on December 23, 2022), including whether, and the dates on which, a request— (i) was submitted; and (ii) was approved, rejected, pending, or withdrawn; and (C) for each list described in subparagraph (A) or (B), the type of entity that holds or submitted an access request for a reserve bank master account and services, including whether such entity is— (i) an insured depository institution, as defined in [section 1813 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1813&num=0&edition=prelim); (ii) an insured credit union, as defined in [section 1752 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1752&num=0&edition=prelim); or (iii) a depository institution that is not an insured depository institution or an insured credit union. (2) **Updates** — Not less frequently than once every quarter, the Board shall update the database to add any new information required under paragraph (1). (3) **Deadline** — Not later than 180 days after December 23, 2022, the Board shall publish the database with the information required under paragraph (1).

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

22 U.S.C. § 288 — United States Special Resources

**(a) Development projects and programs** The United States Special Resources shall be used to finance specific high priority development projects and programs in developing member countries of the Bank with emphasis on such projects and programs in the Southeast Asia region. **(b) Authorized uses** The United States Special Resources shall be used by the Bank only for— (1) making development loans on terms which may be more flexible and bear less heavily on the balance of payments than those established by the Bank for its ordinary operations; and (2) providing technical assistance credits on a reimbursable basis. **(c) Eligible goods and services** (1) The United States Special Resources may be expended by the Bank only for procurement in the United States of goods produced in, or services supplied from the United States, except that the United States Governor, in consultation with the National Advisory Council on International Monetary and Financial Policies, may allow eligibility for procurement in other member countries from the United States Special Resources if he determines that such procurement eligibility would materially improve the ability of the Bank to carry out the objectives of its special funds resources and would be compatible with the international financial position of the United States. (2) The United States Special Resources may be used to pay for administrative expenses arising from the use of the United States Special Resources, but only to the extent such expenses are not covered from the Bank’s service fee or income from use of United States Special Resources. **(d) Repayment in dollars** All financing of programs and projects by the Bank from the United States Special Resources shall be repayable to the Bank by the borrowers in United S

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

12 U.S.C. § 391 — Federal reserve banks as Government depositaries and fiscal agents

The moneys held in the general fund of the Treasury, except the 5 per centum fund for the redemption of outstanding national-bank notes may, upon the direction of the Secretary of the Treasury, be deposited in Federal reserve banks, which banks, when required by the Secretary of the Treasury, shall act as fiscal agents of the United States; and the revenues of the Government or any part thereof may be deposited in such banks, and disbursements may be made by checks drawn against such deposits.

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

12 U.S.C. § 632 — Jurisdiction of United States courts; disposition by banks of foreign owned property

Notwithstanding any other provision of law, all suits of a civil nature at common law or in equity to which any corporation organized under the laws of the United States shall be a party, arising out of transactions involving international or foreign banking, or banking in a dependency or insular possession of the United States, or out of other international or foreign financial operations, either directly or through the agency, ownership, or control of branches or local institutions in dependencies or insular possessions of the United States or in foreign countries, shall be deemed to arise under the laws of the United States, and the district courts of the United States shall have original jurisdiction of all such suits; and any defendant in any such suit may, at any time before the trial thereof, remove such suits from a State court into the district court of the United States for the proper district by following the procedure for the removal of causes otherwise provided by law. Such removal shall not cause undue delay in the trial of such case and a case so removed shall have a place on the calendar of the United States court to which it is removed relative to that which it held on the State court from which it was removed.

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

12 U.S.C. § 1813 — Definitions

As used in this chapter— **(a) Definitions of bank and related terms** (1) **Bank** — The term “bank”— (A) means any national bank and State bank, and any Federal branch and insured branch; (B) includes any former savings association. (2) **State bank** — The term “State bank” means any bank, banking association, trust company, savings bank, industrial bank (or similar depository institution which the Board of Directors finds to be operating substantially in the same manner as an industrial bank), or other banking institution which— (A) is engaged in the business of receiving deposits, other than trust funds (as defined in this section); and (B) is incorporated under the laws of any State or which is operating under the Code of Law for the District of Columbia, including any cooperative bank or other unincorporated bank the deposits of which were insured by the Corporation on the day before August 9, 1989. (3) **State** — The term “State” means any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands. **(b) Definition of savings associations and related terms** (1) **Savings association** — The term “savings association” means— (A) any Federal savings association; (B) any State savings association; and (C) any corporation (other than a bank) that the Board of Directors and the Comptroller of the Currency jointly determine to be operating in substantially the same manner as a savings association. (2) **Federal savings association** — The term “Federal savings association” means any Federal savings association or Federal savings bank which is chartered under [section 1464 of t

Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1813

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

12 U.S.C. § 1752 — Short title

This chapter may be cited as the “Federal Credit Union Act”.

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

12 U.S.C. § 248c — Master account and services database

Page 99 TITLE 12—BANKS AND BANKING § 248c EFFECTIVE DATE OF 1980 AMENDMENT Amendment by Pub. L. 96–221 effective on first day of sixth month which begins after Mar. 31, 1980, see sec- tion 108 of Pub. L. 96–221, set out as a note under sec- tion 248 of this title. § 248a. Pricing of services (a) Publication of pricing principles and pro- posed schedule of fees; effective date of schedule of fees Not later than the first day of the sixth month after March 31, 1980, the Board shall publish for public comment a set of pricing principles in ac- cordance with this section and a proposed sched- ule of fees based upon those principles for Fed- eral Reserve bank services to depository institu- tions, and not later than the first day of the eighteenth month after March 31, 1980, the Board shall begin to put into effect a schedule of fees for such services which is based on those principles. (b) Covered services The services which shall be covered by the schedule of fees under subsection (a) are— (1) currency and coin services; (2) check clearing and collection services; (3) wire transfer services; (4) automated clearinghouse services; (5) settlement services; (6) securities safekeeping services; (7) Federal Reserve float; and (8) any new services which the Federal Re- serve System offers, including but not limited to payment services to effectuate the elec- tronic transfer of funds. (c) Criteria applicable The schedule of fees prescribed pursuant to this section shall be based on the following prin- ciples: (1) All Federal Reserve bank services cov- ered by the fee schedule shall be priced explic- itly. (2) All Federal Reserve bank services cov- ered by the fee schedule shall be available to nonmember depository institutions and such services shall

Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 248c

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

22 U.S.C. § 288 — ‘‘International organization’’ defined; au-

Page 237 TITLE 22—FOREIGN RELATIONS AND INTERCOURSE § 288 80 Stat. 631, which Act enacted Title 5, Government Or- ganization and Employees. In cls. (b) and (c), ‘‘section 5731 of title 5’’ and ‘‘sec- tion 5912 of title 5’’ substituted for ‘‘section 10 of the Act of March 3, 1933 (U.S.C., title 5, sec. 73b)’’ and ‘‘the Act approved June 26, 1930 (U.S.C., title 5, sec. 118a)’’, respectively, on authority of Pub. L. 89–554, § 7(b), Sept. 6, 1966, 80 Stat. 631, which Act enacted Title 5. In cl. (f), ‘‘section 6101 of title 41’’ substituted for ‘‘section 3709 of the Revised Statutes (U.S.C., title 41, sec. 5)’’ on authority of Pub. L. 111–350, § 6(c), Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts. In cl. (k), ‘‘section 501 of title 44’’ substituted for ‘‘section 11 of the Act of March 1, 1919 (44 U.S.C. 111)’’ on authority of Pub. L. 90–620, § 2(b), Oct. 22, 1968, which Act enacted Title 44, Public Printing and Documents. In cl. (k), ‘‘section 6101 of title 41’’ substituted for ‘‘section 3709 of the Revised Statutes (U.S.C., title 41, sec. 5)’’ on authority of Pub. L. 111–350, § 6(c), Jan. 4, 2011, 124 Stat. 3854, which Act enacted Title 41, Public Contracts. AMENDMENTS 1949—Act Oct. 28, 1949, substituted ‘‘Classification Act of 1949’’ for ‘‘Classification Act of 1923’’. Statutory Notes and Related Subsidiaries REPEALS Act Oct. 28, 1949, ch. 782, cited as a credit to this sec- tion, was repealed (subject to a savings clause) by Pub. L. 89–554, Sept. 6, 1966, § 8, 80 Stat. 632, 655. ANNUAL APPROPRIATIONS Annual appropriations to meet the obligations of membership in various international organizations were contained in acts listed in a note set out under section 269a of this title. RESTRICTION ON CONTRIBUTIONS BECAUS

Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 288

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