---
kind: "section"
citation: "12 U.S.C. § 1434"
title: "12"
title_heading: "Banks and Banking"
number: "1434"
heading: "Depositaries of public money; financial agents"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/1434"
units:
  - "Chapter 11 — Federal Home Loan Banks"
---

# §1434. Depositaries of public money; financial agents


When designated for that purpose by the [Secretary](/usc/12/1715z–22a.md?p=4) of the Treasury, each [Federal Home Loan Bank](/usc/12/1422.md?p=1-A) shall be a depositary of public money, except receipts from customs, under such regulations as may be prescribed by said [Secretary](/usc/12/1715z–22a.md?p=4); 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.)