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31 U.S.C. § 3342 — Check cashing and exchange transactions

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

31 U.S.C. § 3342 — Check cashing and exchange transactions

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Source file: Laws/federal/codes/united-states-code/title-31/section-3342-check-cashing-and-exchange-transactions--b95aeaadf0.md
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Source location: Title 31, Chapter 33, § 3342; chapter-033-depositing-keeping-and-paying-money.md

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**(a)** A disbursing official of the United States Government may— (1) cash and negotiate negotiable instruments payable in United States currency or currency of a foreign country; (2) exchange United States currency, coins, and negotiable instruments and currency, coins, and negotiable instruments of foreign countries; and (3) cash checks drawn on the Treasury to accommodate United States citizens in a foreign country, but only if— (A) satisfactory banking facilities are not available in the foreign country; and (B) a check is presented by the payee who is a United States citizen. **(b)** A disbursing official may act under subsection (a)(1) and (2) of this section only for the following: (1) An official purpose. (2) Personnel of the Government. (3) A dependent of personnel of the Government, but only— (A) at a United States installation at which adequate banking facilities are not available; and (B) in the case of negotiation of negotiable instruments, if the dependent’s sponsor authorizes, in writing, the presentation of negotiable instruments to the disbursing official for negotiation. (4) A veteran hospitalized or living in an institution operated by an agency. (5) A contractor, or personnel of a contractor, carrying out a Government project. (6) Personnel of an authorized agency not part of the Government that operates with an agency of the Government. (7) A Federal credit union (as defined in section 101(1) of the Federal Credit Union Act ([12 U.S.C. 1752(1)](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1752/1&num=0&edition=prelim))) that at the request of the Secretary of Defense is operating on a United States military installation in a foreign country, but only if that country does not permit contractor-operated military banking facilities to operate on such installations. (8) A member of the military forces of an allied or coalition nation who is participating in a combined operation, combined exercise, or combined humanitarian or peacekeeping mission with the Armed Forces of the United States, but— (A) only if— (i) such disbursing official action for members of the military forces of that nation is approved by the senior United States military commander assigned to that operation, exercise, or mission; and (ii) that nation has guaranteed payment for any deficiency resulting from such disbursing official action; and (B) in the case of negotiable instruments, only for a negotiable instrument drawn on a financial institution located in the United States or on a foreign branch of such an institution. **(c)** (1) An amount held by the disbursing official that is available for expenditure may be used to carry out subsection (a) of this section with the approval of the head of the agency having jurisdiction over the amount. (2) The head of an agency having jurisdiction over a disbursing official may offset, within the same fiscal year, a deficiency resulting from a transaction under subsection (a) of this section with a gain from a transaction under subsection (a). A gain in the account of a disbursing official not used to offset deficiencies under subsection (a) shall be deposited in the Treasury as miscellaneous receipts. (3) The amount of any deficiency resulting from cashing a check for a dependent under subsection (b)(3), including any charges assessed against the disbursing official by a financial institution for insufficient funds to pay the check, may be offset from the pay of the dependent’s sponsor. (4) Amounts necessary to adjust for deficiencies in the account of a disbursing official because of transactions under subsection (a) of this section are authorized to be appropriated. **(d)** The Secretary of the Treasury and, with the approval of the Secretary, the head of an agency having jurisdiction over a disbursing official, may issue regulations to carry out this section. However, under conditions the Secretary decides are necessary, the Secretary may delegate to the head of an agency the authority to issue regulations applying to a disbursing official that is an officer or employee of the agency. **(e)** Regulations prescribed under subsection (d) shall include regulations that define the terms “dependent” and “sponsor” for the purposes of this section. In the regulations, the term “dependent”, with respect to a member of a uniformed service, shall have the meaning given that term in [section 401 of title 37](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title37-section401&num=0&edition=prelim). **(f)** With respect to automated teller machines on naval vessels, the authority of a disbursing official of the United States Government under subsection (a) also includes the following: (1) The authority to provide operating funds to the automated teller machines. (2) The authority to accept, for safekeeping, deposits and transfers of funds made through the automated teller machines.

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

37 U.S.C. § 401 — Definitions

**(a) Dependent Defined.—** In this chapter, the term “dependent”, with respect to a member of a uniformed service, means the following persons: (1) The spouse of the member. (2) An unmarried child of the member who— (A) is under 21 years of age; (B) is incapable of self-support because of mental or physical incapacity and is in fact dependent on the member for more than one-half of the child’s support; or (C) is under 23 years of age, is enrolled in a full-time course of study in an institution of higher education approved by the Secretary concerned for purposes of this subparagraph, and is in fact dependent on the member for more than one-half of the child’s support. (3) A parent of the member if— (A) the parent is in fact dependent on the member for more than one-half of the parent’s support; (B) the parent has been so dependent for a period prescribed by the Secretary concerned or became so dependent due to a change of circumstances arising after the member entered on active duty; and (C) the dependency of the parent on the member is determined on the basis of an affidavit submitted by the parent and any other evidence required under regulations prescribed by the Secretary concerned. (4) An unmarried person who— (A) is placed in the legal custody of the member as a result of an order of a court of competent jurisdiction in the United States (or Puerto Rico or a possession of the United States) for a period of at least 12 consecutive months; (B) either— (i) has not attained the age of 21; (ii) has not attained the age of 23 years and is enrolled in a full time course of study at an institution of higher learning approved by the Secretary concerned; or (iii) is incapable of self support because of a mental or physical incapac

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

22 U.S.C. § 2504 — Peace Corps volunteers

**(a) Persons eligible; terms and conditions of service; Federal employee status; racial, sex, religious, or color discrimination** The President may enroll in the Peace Corps for service abroad qualified citizens and nationals of the United States (referred to in this chapter as “volunteers”). The terms and conditions of the enrollment, training (including training under [section 2507a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section2507a&num=0&edition=prelim)), compensation, hours of work, benefits, leave, termination, and all other terms and conditions of the service of volunteers shall be exclusively those set forth in this chapter and those consistent therewith which the President may prescribe; and, except as provided in this chapter, volunteers shall not be deemed officers or employees or otherwise in the service or employment of, or holding office under, the United States for any purpose. In carrying out this subsection, there shall be no discrimination against any person on account of race, sex, creed, or color. **(b) Living allowances, travel, leave and related items; transfers of supplies and equipment** Volunteers shall be provided with such living, travel, and leave allowances, and such housing, transportation, supplies, equipment, subsistence, and clothing as the President may determine to be necessary for their maintenance and to insure their health and their capacity to serve effectively. Supplies or equipment provided volunteers to insure their capacity to serve effectively may be transferred to the government or to other entities of the country or area with which they have been serving, when no longer necessary for such purpose, and when such transfers would further the purposes of this chapter. Transportatio

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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. § 1752 — Definitions

Page 854 TITLE 12—BANKS AND BANKING § 1751a ‘‘(1) The American credit union movement began as a cooperative effort to serve the productive and provident credit needs of individuals of modest means. ‘‘(2) Credit unions continue to fulfill this public purpose, and current members and membership groups should not face divestiture from the financial services institution of their choice as a result of re- cent court action. ‘‘(3) To promote thrift and credit extension, a meaningful affinity and bond among members, mani- fested by a commonality of routine interaction, shared and related work experiences, interests, or ac- tivities, or the maintenance of an otherwise well-un- derstood sense of cohesion or identity is essential to the fulfillment of the public mission of credit unions. ‘‘(4) Credit unions, unlike many other participants in the financial services market, are exempt from Federal and most State taxes because they are mem- ber-owned, democratically operated, not-for-profit or- ganizations generally managed by volunteer boards of directors and because they have the specified mission of meeting the credit and savings needs of consumers, especially persons of modest means. ‘‘(5) Improved credit union safety and soundness provisions will enhance the public benefit that citi- zens receive from these cooperative financial services institutions.’’ TRANSFER OF FUNCTIONS Secretary and Department of Health, Education, and Welfare redesignated Secretary and Department of Health and Human Services by section 3508 of Title 20, Education. Executive Documents TRANSFER OF FUNCTIONS Transfer of functions of Farm Credit Administration and Governor thereof to Bureau of Farm Credit Unions and Director thereof under jurisdiction of Federal Se- curity Agency

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

31 U.S.C. § 3342 — Check cashing and exchange transactions

Page 252 TITLE 31—MONEY AND FINANCE § 3342 charging the same in his account’’ for clarity and con- sistency in the chapter. In subsection (b), the words ‘‘from office’’ are omitted as unnecessary. § 3342. Check cashing and exchange transactions (a) A disbursing official of the United States Government may— (1) cash and negotiate negotiable instru- ments payable in United States currency or currency of a foreign country; (2) exchange United States currency, coins, and negotiable instruments and currency, coins, and negotiable instruments of foreign countries; and (3) cash checks drawn on the Treasury to ac- commodate United States citizens in a foreign country, but only if— (A) satisfactory banking facilities are not available in the foreign country; and (B) a check is presented by the payee who is a United States citizen. (b) A disbursing official may act under sub- section (a)(1) and (2) of this section only for the following: (1) An official purpose. (2) Personnel of the Government. (3) A dependent of personnel of the Govern- ment, but only— (A) at a United States installation at which adequate banking facilities are not available; and (B) in the case of negotiation of negotiable instruments, if the dependent’s sponsor au- thorizes, in writing, the presentation of ne- gotiable instruments to the disbursing offi- cial for negotiation. (4) A veteran hospitalized or living in an in- stitution operated by an agency. (5) A contractor, or personnel of a con- tractor, carrying out a Government project. (6) Personnel of an authorized agency not part of the Government that operates with an agency of the Government. (7) A Federal credit union (as defined in sec- tion 101(1) of the Federal Credit Union Act (12 U.S.C. 1752(1))) that at the request of

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