U.S. Code > Title 22 Foreign Relations and Intercourse > CHAPTER 7—INTERNATIONAL BUREAUS, CONGRESSES, ETC. (§§ 261—290o7) > SUBCHAPTER XXII—AFRICAN DEVELOPMENT FUND (§§ 290g—290g19) > § 290g-5. Federal Reserve banks as depository for the Fund; supervision

§ 290g-5. Federal Reserve banks as depository for the Fund; supervision

Any Federal Reserve bank which is requested to do so by the President shall act as a depository for the Fund, and the Board of Governors of the Federal Reserve System shall supervise and direct the carrying out of these functions by the Federal Reserve banks.