New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter II - Special Regulations Of The Banking Board
Part 204 - Authorization To Act As Financial Agent Of United States Government
Section 204.3 - Discount corporation of new york
Current through Register Vol. 46, No. 12, March 20, 2024
The Banking Board hereby authorizes Discount Corporation of New York,
(a) to act as financial agent of the United States government in connection with the sale of United States government securities issued under the authority of the Second Liberty Bond Act, as amended, and to receive deposits arising solely as the result of subscriptions made by or through it for such United States government securities;
(b) to perform all such reasonable duties as may be required of it as depositary of the public money comprising such deposits, and as financial agent of the United States Government and
(c) to pledge assets or furnish other security, satisfactory in form and amount to the Secretary of the Treasury of the United States, for the safekeeping and prompt payment of such deposits and for the faithful performance of its duties as such financial agent.
