An Act to authorize the Secretary of the Treasury to invest public moneys, and for other purposes.

Summary

Authorizes the Secretary of the Treasury to invest, for cash management purposes, any portion of the operating cash of the Treasury for periods of up to 90 days in (1) obligations of depositories maintaining Treasury tax and loan accounts secured by a pledge of collateral acceptable to the Secretary as security for tax and loan accounts, and (2) obligations of the United States and agencies of the United States. Amends the Home Owners' Loan Act to authorize the Secretary of the Treasury to deposit public money in any Federal savings and loan association or any member of a Federal home loan bank. Amends the National Housing Act to make institutions insured by the Federal Savings and Loan Insurance Corporation and specified institutions insured by any State or State chartered corporation depositories of public money. Amends the Internal Revenue Code to include domestic building and loan associations as institutions which may receive tax payments.

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Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 29 October 1977

  ViewDownloadOpen at official source

• Passed Senate amended

  summary · EN · 11 October 1977

  Open at official source

• Introduced in House

  summary · EN · 29 March 1977

  Open at official source

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