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U.S. Code as of:
01/19/04
Section 635. Deposit of moneys; depositaries, custodians, and fiscal agents; contributions to employees' compensation funds
(a) All moneys of the Administration not otherwise employed may
be deposited with the Treasury of the United States subject to
check by authority of the Administration. The Federal Reserve banks
are authorized and directed to act as depositaries, custodians, and
fiscal agents for the Administration in the general performance of
its powers conferred by this chapter. Any banks insured by the
Federal Deposit Insurance Corporation, when designated by the
Secretary of the Treasury, shall act as custodians and financial
agents for the Administration. Each Federal Reserve bank, when
designated by the Administrator as fiscal agent for the
Administration, shall be entitled to be reimbursed for all expenses
incurred as such fiscal agent.
(b) The Administrator shall contribute to the employees'
compensation fund, on the basis of annual billings as determined by
the Secretary of Labor, for the benefit payments made from such
fund on account of employees engaged in carrying out functions
financed by the revolving fund established by section 633(c) of
this title. The annual billings shall also include a statement of
the fair portion of the cost of the administration of such fund,
which shall be paid by the Administrator into the Treasury as
miscellaneous receipts.
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