Object: 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 estab- 
shment 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lereby repealed from and after July 1, 1921; and the 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 subtreas- 
tries 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 perform- 
ng any or all of such duties and functions, notwithstand- 
ng 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 
2!
	        
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