Full text : The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

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APPENDIX

I$ of its notes and other creditors to present the notes
nd other ¢laims against the association for payment.

SUBTREASURIES ABOLISHED—TRANSFER OF CER-TAIN
 FUNCTIONS TO FEDERAL RESERVE BANKS

ction 3595 of the Revised Statutes of the United
i as amended, providing for the appointment of an
stant Treasurer of the United States at Boston, New
; ork, Philadelphia, Baltimore, New Orleans, Saint
ous, San Francisco, Cincinnati, and Chicago, and all
Ws or parts of laws so far as they authorize the estabshment
 or maintenance of offices of such Assistant
Treasurers or of Subtreasuries of the United States are
lereby repealed from and after July 1, 1921; and the
>ecretary of the Treasury is authorized and directed to
liscontinue from and after such date or at such earlier
late or dates as he may deem advisable, such subtreastries
 and the exercise of all duties and functions by such
‘SSistant treasurers or their offices. The office of each
issistant treasurer specified above and the services of
Wy officers or other employees assigned to duty at his
lice shall terminate upon the discontinuance of the
Unctions of that office by the Secretary of the Treasury.
} The Secretary of the Treasury is hereby authorized, in
hi discretion, to transfer any or all of the duties and
lunctions performed or authorized to be performed by
the assistant treasurers above enumerated, or their
offices, to the Treasurer of the United States or the mints
Or assay offices of the United States, under such rules
and regulations as he may prescribe, or to utilize any of
‘he Federal reserve banks acting as depositaries or fiscal
agents of the United States, for the purpose of performng
 any or all of such duties and functions, notwithstandng
 the limitations of section 15 of the Federal reserve
Act, as amended, or any other provisions of law: Provided,
That if any moneys or bullion, constituting part of the
rust funds or other special funds heretofore required by
'aw to be kept in Treasury offices, shall be deposited with
any Federal reserve bank, then such moneys or bullion
shall by such bank be kept separate and distinct from the
assets, funds, and securities of the Federal reserve bank
and be held in the joint custody of the Federal reserve

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