---
kind: "section"
citation: "22 U.S.C. § 286m"
title: "22"
title_heading: "Foreign Relations and Intercourse"
number: "286m"
heading: "Amount of loan; public-debt transaction; disposition of interest payments"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/22/286m"
units:
  - "Chapter 7 — International Bureaus, Congresses, Etc."
  - "Subchapter XV — International Monetary Fund and Bank for Reconstruction and Development"
---

# §286m. Amount of loan; public-debt transaction; disposition of interest payments


For the purpose of carrying out the agreement dated December 6, 1945, between the United States and the United Kingdom, the [Secretary](/usc/22/277d–43.md?p=5) of the Treasury is authorized to use as a public-debt transaction not to exceed $3,750,000,000 of the proceeds of any securities issued after July 15, 1946, under [chapter 31](/usc/31/chstIII/ch31.md) of title 31, and the purposes for which securities may be issued under that chapter are extended to include such purpose. Payments to the United Kingdom under this section and [section 286l](/usc/22/286l.md) of this title and pursuant to the agreement and repayments thereof shall be treated as public-debt transactions of the United States. Payments of interest to the United States under the agreement shall be covered into the Treasury as miscellaneous receipts.


## Source credit

(July 15, 1946, ch. 577, § 2, 60 Stat. 535.)

## Notes

### Editorial Notes

### References in Text

Agreement dated December 6, 1945, between the United States and the United Kingdom, referred to in text, is set out as a note under section 286l of this title.

### Codification

“Chapter 31 of title 31” and “that chapter” substituted in text for “the Second Liberty Bond Act, as amended” and “that Act”, respectively, on authority of Pub. L. 97–258, § 4(b), Sept. 13, 1982, 96 Stat. 1067, the first section of which enacted Title 31, Money and Finance.

Section was not enacted as a part of act July 31, 1945, ch. 339, 59 Stat. 512, known as the Bretton Woods Agreement Act, which comprises this subchapter.