12 U.S.C. § 467 : US Code - Section 467: Deposits of gold coin, gold certificates, and Special Drawing Right certificates with United States Treasurer

Search 12 U.S.C. § 467 : US Code - Section 467: Deposits of gold coin, gold certificates, and Special Drawing Right certificates with United States Treasurer

The Secretary of the Treasury is authorized and directed to
receive deposits of gold or of gold certificates or of Special
Drawing Right certificates with the Treasurer or any designated
depositary of the United States when tendered by any Federal
Reserve bank or Federal Reserve agent for credit to its or his
account with the Board of Governors of the Federal Reserve System.
The Secretary shall prescribe by regulation the form of receipt to
be issued by the Treasurer or designated depositary to the Federal
Reserve bank or Federal Reserve agent making the deposit, and a
duplicate of such receipt shall be delivered to the Board of
Governors of the Federal Reserve System by the Treasury at
Washington upon proper advices from any designated depositary that
such deposit has been made. Deposits so made shall be held subject
to the orders of the Board of Governors of the Federal Reserve
System and deposits of gold or gold certificates shall be payable
in gold certificates, and deposits of Special Drawing Right
certificates shall be payable in Special Drawing Right
certificates, on the order of the Board of Governors of the Federal
Reserve System to any Federal Reserve bank or Federal Reserve agent
at the Treasury or at the subtreasury of the United States nearest
the place of business of such Federal Reserve bank or such Federal
Reserve agent. The order used by the Board of Governors of the
Federal Reserve System in making such payments shall be signed by
the chairman or vice chairman, or such other officers or members as
the Board may by regulation prescribe. The form of such order shall
be approved by the Secretary of the Treasury.
The expenses necessarily incurred in carrying out these
provisions, including the cost of the certificates or receipts
issued for deposits received, and all expenses incident to the
handling of such deposits shall be paid by the Board of Governors
of the Federal Reserve System and included in its assessments
against the several Federal Reserve banks.
Nothing in this section shall be construed as amending section 6
of Act March 14, 1900, as amended by Acts Mar. 4, 1907, Mar. 2,
1911, June 12, 1916, nor shall the provisions of this section be
construed to apply to the deposits made or to the receipts or
certificates issued under that section.