7 U.S.C. § 1510 : US Code - Section 1510: Deposit and investment of funds; Federal Reserve banks as fiscal agents

Search 7 U.S.C. § 1510 : US Code - Section 1510: Deposit and investment of funds; Federal Reserve banks as fiscal agents

All money of the Corporation not otherwise employed may be
deposited with the Treasurer of the United States or in any bank
approved by the Secretary of the Treasury, subject to withdrawal by
the Corporation at any time, or with the approval of the Secretary
of the Treasury may be invested in obligations of the United States
or in obligations guaranteed as to principal and interest by the
United States. Subject to the approval of the Secretary of the
Treasury, the Federal Reserve banks are hereby authorized and
directed to act as depositories, custodians, and fiscal agents for
the Corporation in the performance of its powers conferred by this
chapter.