Page:United States Statutes at Large Volume 91.djvu/1262

 91 STAT. 1228

State-chartered banks and other institutions, public money depositaries.

12 USC 266.

26 USC 6302.

26 USC 7502.

Effective date. 26 USC 6302 note. eertain International Monetary Fund deposits, limitation. Additional trust funds, establishment limitation. 22 USC 286c. Information, transmittal to congressional committees. 22 USC 286k.

PUBLIC LAW 95-147—OCT. 28, 1977

credit union, and shall prescribe such regulations as may be necessary to enable such credit unions to become depositaries of public money and fiscal agents of the United States. Each credit union shall perform all such reasonable duties as depositaries of public money and fiscal agent of the United States as may be required of it including services in connection with the collection of taxes and other obligations owed the United States."; and (2) by redesignating section 210 of the Federal Credit Union Act (12 U.S.C. 1790) as section 211. (d) Banks, savings banks, and savings and loan, building and loan, homestead associations (including cooperative banks), and credit unions created under the laws of any State and the deposits or accounts of which are insured by a State or agency' thereof or corporation chartered pursuant to the laws of any State may be depositaries of public money and may be employed as fiscal agents of the United States. The Secretary of the Treasury is authorized to deposit public money in any such institution, and shall prescribe such regulations as may be necessary to enable such institutions to become depositaries of public money and fiscal agents of the United States. Each such institution shall perform all such reasonable duties as depositary of public money and fiscal agent of the United States as may be required of it including services in connection with the collection of taxes and other obligations owed the United States. SEC. 3. (a) Subsection (c) of section 6302 of the Internal Revenue Code of 1954 (relating to use of Government depositaries) is amended— (1) by striking out "or trust companies" and inserting in lieu thereof ", trust companies, domestic building and loan associations, or credit unions"; and (2) by striking out "and trust companies" and inserting in lieu thereof ", trust companies, domestic building and loan associations, and credit unions". (b) Subsection (e) of section 7502 of the Internal Revenue Code of 1954 (relating to mailing of deposits) is amended by striking out "or trust company" each time it appears and inserting in lieu thereof ", trust company, domestic building and loan association, or credit union". (c) The amendments made by this section shall apply to amounts deposited after the date of the enactment of this Act. SEC. 4. (a) The Bretton Woods Agreements Act (22 U.S.C. 286— 286k-2) is amended— (1) by striking out clause (g) of the first sentence of section 5, and by inserting immediately after clause (f) the following: "or (g) approve either the disposition of more than 25 million ounces of Fund gold for the benefit of the Trust Fund established by the Fund on May 6, 1976, or the establishment of any additional trust fund wherebj'^ resources of the International Monetary Fund would be used for the special benefit of a single member, or of a particular segment of the membership, of the fund."; (2)(A) by inserting " (a) " immediately after "SEC. 14."; and (B) by inserting at the end of section 14 the following new subsection: "(b) The President shall, upon the request of any committee of the Congress with legislative or oversight jurisdiction over monetary policy or the International Monetary Fund, provide to such committee any appropriate information relevant to that committee's jurisdiction which is furnished to any department or agency of the United

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