---
kind: "section"
citation: "16 U.S.C. § 838j"
title: "16"
title_heading: "Conservation"
number: "838j"
heading: "Investment of excess moneys; deposit of moneys"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/16/838j"
units:
  - "Chapter 12G — Pacific Northwest Federal Transmission System"
---

# §838j. Investment of excess moneys; deposit of moneys

- (a) If the [Administrator](/usc/16/838a.md?p=a) determines that moneys in the fund are in excess of current needs he may request the investment of such amounts as he deems advisable by the [Secretary](/usc/16/410r–5.md?p=c-1) of the Treasury in direct, general obligations of, or obligations guaranteed as to both principal and interest by, the United States of America.
- (b) With the approval of the [Secretary](/usc/16/410r–5.md?p=c-1) of the Treasury, the [Administrator](/usc/16/838a.md?p=a) may deposit moneys of the fund in any Federal Reserve bank or other depository for funds of the United States of America, or in such other banks and financial institutions and under such terms and conditions as the [Administrator](/usc/16/838a.md?p=a) and the [Secretary](/usc/16/410r–5.md?p=c-1) of the Treasury may mutually agree.

## Source credit

(Pub. L. 93–454, § 12, Oct. 18, 1974, 88 Stat. 1380.)