(FPB.4TOJ
13
tion, of any officer, attorney, or employee of any board, cor-
poration, commission, establishment, executive department, or
instrumentality of the Government. The Corporation, with
the consent of any board, corporation, commission, establish-
ment, executive department, or instrumentality of the Govern-
ment, including any field service
thereof,
may avail itself of
the use of information, services, and facilities thereof in carry-
ing out the provisions of this title.
(d) For the purposes of this title, the Corporation shall have
power to borrow money, and to issue notes, bonds, debentures, or
other such obligations upon such terms and conditions as the board
of trustees may determine. Moneys of the Corporation not required
for current operations shall be deposited in the Treasury of the
United States, or upon the approval of the Secretary of the Treas-
ury, in any Federal Reserve bank, or shall be invested in obligations
of, or guaranteed as to principal and interest by, the United States.
When designated for that purpose by the Secretary of the Treas-
ury, the Corporation shall be a depositary of public money under
such regulations as may be prescribed by the Secretary of the
Treasury, and may also be employed as fiscal agent of the United
States, and it shall perform all such reasonable duties as depositary
of public money and fiscal agent as may be required of it.
(e) All notes, bonds, debentures, or other such obligations issued
by the Corporation shall be exempt, both as to principal and inter-
est, from all taxation (except surtaxes, estate, inheritance, and gift
taxes) now or hereafter imposed by the United States, by any Ter-
ritory, dependency, or possession
thereof,
or by any State, county,
municipality, or local taxing authority. The Corporation, includ-
ing its franchise, capital, reserves, surplus, and income, shall be
exempt from all taxation now or hereafter imposed by the United
States, by any Territory, dependency, or possession
thereof,
or by
any State, county, municipality, or local taxing authority; except
that any real property of the Corporation shallT>e subject to State,
territorial, county, municipal, or local taxation to the same extent
according to its value as other real property is taxed.
(f) The Corporation shall make an annual report of its opera-
tions to the Congress as soon as practicable after the 1st day of
January in each year.
(g) No individual, association, partnership, or corporation shall
use the words " Federal Savings and Loan Insurance Corporation ",
or any combination of any of these words which would have the effect
of leading the public in general to believe there was any connection,
actually not existing, between such individual, association, partner-
ship,
or corporation and the Federal Savings and Loan Insurance
Corporation, as the name under which he or it shall hereafter do
business. No individual association, partnership, or corporation
shall advertise or otherwise represent falsely by any device whatso-
ever that his or its accounts are insured or in anywise guaranteed
by the Federal Savings and Loan Insurance Corporation, or by the
Government of the United States, or by any instrumentality
thereof;
and no insured member shall advertise or otherwise represent falsely
by any device whatsoever the extent to which or trie manner in
which its accounts are insured by the Federal Savings and Loan
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis