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31 U.S. Code § 3122

Banks and trust companies as depositaries

31 U.S. Code § 3122. Banks and trust companies as depositaries

(a)
The Secretary of the Treasury may designate incorporated banks and trust companies as depositaries for any part of proceeds of an obligation issued under this chapter. The Secretary may prescribe the conditions under which deposits may be made under this section, including the interest rate on amounts deposited and security requirements.
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